Chinese Optical Parts Maker Zhongji Innolight Seeks Record IPO in Hong Kong

Chinese optical parts maker Zhongji Innolight is aiming to raise up to HK$55.05 billion ($7 billion) in what could be Hong Kong’s largest initial public offering since Alibaba’s listing. The company plans to sell 54.5 million Hong Kong shares at a maximum price of HK$1,010 each, which would make it Asia’s second-largest share sale this year. If the 15% over-allotment option is fully utilized, the deal size could increase to HK$63.3 billion ($8.1 billion), as per an exchange filing on Wednesday. Zhongji Innolight’s upcoming IPO has garnered significant attention due to its substantial size and reputation as a key supplier…