On September 22, LIGENT rose 13.65% in regular trading on its first day listed on the Hong Kong Stock Exchange, trading at HK$37.5/share against an IPO price of HK$32.96, with turnover of HK$712 million.

The surge was driven by the company's strong IPO debut. LIGENT completed a global offering of approximately 172 million shares at HK$32.96 per share, raising net proceeds of approximately HK$5.445 billion. The Hong Kong public offering was 35.16 times oversubscribed with 37,594 valid applications, while the international offering was 4.67 times oversubscribed. Margin lending subscriptions reached HK$15.545 billion, representing a 26.42 times oversubscription relative to the public tranche. Grey market trading ahead of the listing had already indicated positive sentiment, with shares closing approximately 8-9% above the offer price.

LIGENT is a leading global optical communication and connectivity solutions provider for AI computing networks. It ranks fifth globally among professional optical module manufacturers by revenue with a 4.0% market share, and third in China with a 10.1% share. The company has mass-produced 800G optical modules, delivered 1.6T products, and is advancing 3.2T development. It is the sixth listed entity under the Hisense Group, with Hisense holding approximately 48.61% prior to the offering.

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