About Optical Modules

English summary

Optical module stocks such as Zhongji Innolight fell significantly today. The core reason is that the H-share pricing was finalized, with some price suppression. On July 28, Zhongji Innolight, which already has a market cap of over one trillion yuan on the A-share market, released its latest announcement, officially setting the global offering price for this H-share issuance at HK$980 per share, securing the top position in the 2026 Hong Kong fundraising scale rankings. This pricing represents a 3% discount to the HK$1,010 issue ceiling previously disclosed in the prospectus. The base offering is 54.5 million shares, corresponding to a raise of approximately HK$53.4 billion. If the sponsor fully exercises the 15% over-allotment option, an additional 8.175 million H-shares will be issued, bringing the total raise to nearly HK$61 billion. Zhongji Innolight initially submitted its listing application to the Hong Kong Stock Exchange on January 30, received the CSRC's overseas listing filing notice on July 8, passed the hearing on July 16, and officially published the Chinese and English prospectus and launched the public offering on July 22, with the subscription period ending on July 27.…