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China AI supplier Zhongji Innolight slips in Hong Kong debut after $6.8 billion IPO
CNBC Top News
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Zhongji Innolight, a Chinese optical transceiver maker, priced its shares at HK$980 in Hong Kong's biggest IPO since Alibaba in 2019, raising HK$53.4 billion. The shares fell 2.86–3 % on debut amid a global downturn in investor sentiment toward AI companies.
Shares of Zhongji Innolight fell on Thursday after the Chinese optical transceiver maker made its trading debut on the Hong Kong Stock Exchange. ...
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