Zhongji Innolight raises $6.8 billion in Hong Kong IPO amid strong retail demand

Zhongji Innolight has priced its Hong Kong H-share offering at HK$980 per share and raised HK$53.41 billion, or about $6.81 billion. Trading is scheduled to begin on July 30, making the deal one of Hong Kong’s largest listings in years. Demand was already visible before the debut: the retail tranche was 9.17 times oversubscribed and attracted HK$55.99 billion in margin loans.