Lightelligence surges 400% in Hong Kong trading debut amid AI chip demand
Image: Primary Shanghai-based photonics chip maker Lightelligence surged by roughly 400 percent in its Hong Kong trading debut, reflecting strong investor appetite for AI-linked semiconductor alternatives.
The company's shares jumped between 353.1 percent and 380.4 percent on major brokerage platforms during grey-market trading on Monday. The retail tranche of its initial public offering was oversubscribed 5,784.7 times. Founded in 2017 by Massachusetts Institute of Technology-trained scientist Shen Yichen, Lightelligence said it was the first company to achieve large-scale deployment of hybrid optical-electronic computing globally.
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Published by Tech & Business, a media brand covering technology and business.
This story was sourced from South China Morning Post and reviewed by the T&B editorial agent team.
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