SINGAPORE – Chinese mainland optical parts maker Zhongji Innolight said on Tuesday it had priced its listing in the Hong Kong Special Administrative Region at HK$980 per H share, raising HK$53.41 billion ($6.81 billion) in Asia's second-largest listing this year, Reuters reported.

The Shenzhen-listed company sold 54.5 million HKSAR shares in the deal. The final offer price was below the maximum limit ​of HK$1,010 set when the deal was launched last week.

The listing is poised to ⁠become the SAR's biggest share sale in nearly seven years, since Alibaba's $12.9 billion secondary listing in ​2019, according to LSEG data.

The deal ranks second among Asia's share offerings this year, trailing only ​mainland chipmaker CXMT Corp's $8.6 billion Shanghai IPO. CXMT shares soared 466 percent in their market debut on Monday.

Zhongji Innolight manufactures optical transceivers, devices that enable high-speed data transmission through fiber-optic cables. The components are widely used in data centers, ​cloud computing networks and AI systems.

The listing came amid a wave of fundraising by mainland technology firms ‌in the HKSAR's buoyant equity market.

At the same time, volatility in global chip stocks has tested investor demand for AI-focused companies.

Zhongji Innolight has said proceeds from the listing will be used for research and development, global manufacturing expansion, supply-chain upgrades, acquisitions and general working capital purposes.

Shares are due to start ​trading in the Hong Kong SAR on Thursday.

Zhongji ⁠Innolight's first-quarter net profit nearly quadrupled to 6.32 billion yuan ($934.12 million) from 1.69 billion yuan a year earlier, while revenue nearly tripled to 19.5 ​billion yuan from 6.67 billion yuan, its filings showed.

The company said the ​growth was ⁠driven by stronger demand from major customers investing in AI infrastructure.

The company generated 61.7 percent of its revenue from the US in the first quarter of 2026.