On June 29, Crealights Technology surged 78.77% in regular trading on its first day listed on the Hong Kong Stock Exchange, trading at 200.0 HKD/share, with turnover of HKD 476 million. The IPO was priced at HKD 114 per share.

The explosive debut was driven by extraordinary subscription demand. The Hong Kong public offering received approximately 1,296.89x oversubscription, while the international placement was 15.51x oversubscribed. In grey market trading prior to the official listing, shares had already closed up 86.84%, setting a strong tone for the debut. The company raised net proceeds of approximately HKD 1.415 billion through the global offering of 13.43 million H shares.

Crealights Technology is an optoelectronic interconnection product provider specializing in silicon photonics chip design, chip packaging and testing, and high-speed optical modules. Its products are widely deployed in AI data centers to support high-speed, high-density data transmission. All 400G and above single-mode optical modules adopt silicon photonics technology. The company serves major domestic and North American internet enterprises and has established operations in Beijing, Nanjing, Suzhou, and Singapore.

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