Ligent Technologies, a manufacturer of optical transceivers and chips for data centers, is set to debut on the Hong Kong Stock Exchange on September 22, 2026. The company priced its initial public offering at $727 million, achieving a post-IPO valuation of approximately HKD 32.4 billion, or $4.13 billion. Shares will trade under the ticker 9856.HK.
The offering attracted nearly 30 cornerstone investors who committed $340 million, accounting for 47% of the base deal. Ligent Technologies is currently the fifth-largest global vendor of optical modules by revenue. The company specializes in integrated solutions for AI computing networks and cloud infrastructure.
Financial results for the first half of 2026 show revenue of ¥5.39 billion, which is $803 million, marking a 27.7% increase year-over-year. Net profit rose by nearly 30% to reach ¥661 million. The company intends to use the capital raised to fund research and development, scale production capacity, and cover general corporate expenses.
Headquartered in San Jose, the company is controlled by the Chinese conglomerate Hisense Group Holdings. Prior to the IPO, Hisense held a 48.6% stake in the business. Ligent Technologies focuses on hardware components that support the growing demand for artificial intelligence infrastructure.
