Lightelligence IPO Shares Jump 408%

Lightelligence, formerly Shanghai Xizhi Technology, debuted on Hong Kong Stock Exchange with shares soaring up to 408% to HK$930.
The IPO raised approximately $300‑$400 million, making Lightelligence one of the first AI photonics firms listed in Hong Kong.
Backing investors include Tencent and Baidu, highlighting strong AI sector interest despite broader market volatility and rising rates.
Hong Kong’s Hang Seng index fell 0.7% and the Hang Seng TECH sub‑index dropped 1.2% on the debut day.