Eoptolink Files for Up to $5B Hong Kong Listing to Tap AI Data Center Demand

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According to Bloomberg, Chinese optical transceiver maker Eoptolink filed confidentially for a Hong Kong share sale today (July 17) that could raise between US$4 billion and US$5 billion. Morgan Stanley has joined Citic Securities and JP Morgan Chase as underwriters, though the offering size could still change. Eoptolink is pursuing the listing as AI data center spending boosts demand for transceivers connecting graphics processing units in AI clusters. The company's Shenzhen shares have risen nearly 300% over the past year, giving it a market value exceeding US$100 billion, and it posted record profit last year.
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