Lightelligence jumps by 400% in Hong Kong debut amid AI-driven demand for photonics chips
SCMP Tech / 4/28/2026
📰 NewsSignals & Early TrendsIndustry & Market Moves
Key Points
- Lightelligence, the first mainland Chinese photonics-chip maker to list in Hong Kong, jumped nearly 400% on its trading debut amid investor demand linked to AI data centers.
- The company’s IPO performance reflects China’s push to scale photonics chips as a fast-growing alternative to conventional electronic semiconductors.
- Lightelligence opened at HK$880, far above its offer price range (HK$166.6–HK$183.2), indicating strong market appetite for its technology.
- The market reaction suggests capital is increasingly flowing toward AI-enabling hardware beyond traditional semiconductor roadmaps, particularly in optical/photonics.
- The debut highlights Hong Kong’s role as a venue for mainland semiconductor listings and the broader momentum for AI-driven supply chains in hardware components.
Lightelligence, the first mainland Chinese photonics chipmaker to go public in Hong Kong, saw its share price surge by nearly 400 per cent in its trading debut on Tuesday, as investors banked on the country’s quest for a fast-growing alternative to conventional electronic semiconductors in artificial intelligence data centres.
The Shanghai-based company opened at HK$880, versus the offer price of HK$183.2 – the top of its marketed range of HK$166.6 to HK$183.2. It raised HK$2.4 billion (US$310...
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