StartupsTechmemeabout 1 hour ago
Zhongji Innolight falls 4% in Hong Kong debut
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Zhongji Innolight closed about 4% lower in its Hong Kong debut after raising HK$53.4 billion ($6.8 billion) in the city's largest IPO in years. The optical transceiver maker, which supplies Google and derives nearly two-thirds of revenue from the U.S., fell as much as 9.8% intraday.
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