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Deep Tide TechFlow message: On July 17, according to Bloomberg, Jizhuang Xuchuang Co., Ltd. has obtained approval from the China Securities Regulatory Commission and the Hong Kong Stock Exchange to advance its Hong Kong listing plans. The company received a CSRC filing notification on Friday; previously, it had also obtained clearance from the HKEX.
The report said the deal is expected to become one of the largest IPO projects in Hong Kong in recent years, with a fund-raising size of up to $8 billion.
Jizhuang Xuchuang is a leading Chinese high-end optical communications module company. Its core businesses cover optical communications components and intelligent equipment, with products used in cloud data centers, AI computing power clusters, wireless communications, and metropolitan and backbone networks.