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Ligent Technologies to List in Hong Kong After Raising HKD 5.67 Billion for AI-Network Hardware Expansion

September 21, 2026 at 19:35 EDT

Infra & Chips
Funding & M&A

Ligent Technologies, Inc. is set to begin trading in Hong Kong on September 22 after pricing its initial public offering at HKD 32.96 a share, raising gross proceeds of HKD 5.67 billion. The optical communications supplier is joining a rush of listings tied to the buildout of AI data centers, where high-speed optical links have become a critical part of the computing stack.

Sep. 22, 2026 · Ligent Technologies

AI optics IPO lands in Hong Kong

Ligent priced its listing at HKD 32.96 a share, raising HKD 5.67 billion as investors look for hardware suppliers tied to AI data-center expansion.

HKD 5.67B

Gross IPO proceeds

35.16x

Hong Kong public subscription

Global transceiver share in 2025

1,581

Patents worldwide

Where the net proceeds go

52.9%R&D

25.1%Capacity

10%Working capital

8%Strategic deals

4%Overseas push

The largest planned use of cash is product and technology development, followed by production expansion for optical transceivers and chips.

Constructive signals

The public tranche was 35.16 times subscribed, and grey-market quotes were above the offer price before the formal debut.

Execution watch

The investment case depends on converting AI data-center demand into durable margins, capacity growth and global share gains.

The infrastructure bet

AI clusters→More interconnects→Optical modules→Ligent expansion

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