【New Stock IPO】Zhongji Xuchuang Chuan has secretly submitted a Hong Kong listing application, with a minimum of 23.4 billion yuan, manufacturing optical communication modules, and a supplier for NVIDIA

SocialAnxietyStaker · 2026-04-05T09:03:13+00:00

Chinese optical communication module manufacturer Zhongji Xuchuang has secretly submitted an application for listing in Hong Kong, planning to raise at least $3 billion, making it one of the largest IPOs in Hong Kong. The company specializes in the research, development, and sales of high-end optical communication modules. Its stock price has increased approximately sixfold over the past year, and it is expected that by 2025, net profit will reach 10.8 billion RMB.

SocialAnxietyStaker

2026-04-05 09:03:13

Abstract generation in progress

China Optical Communications module maker Giga-Transceiver (Deep: 300308) was reportedly secretly filing for a listing in Hong Kong, planning to raise at least $3 billion (HK$23.4 billion) through the listing in Hong Kong, or potentially becoming one of the largest IPOs in Hong Kong this year. Citing sources familiar with the matter, Bloomberg said the discussions are still ongoing, and details such as the offering size and timing have not yet been finalized.

On Thursday, Giga-Transceiver shares closed at 582 yuan, down 3.3%, with a market capitalization of 646.7 billion yuan.

The company’s main business is the research, development, production and sales of high-end optical communications transceiver modules, with its main products being high-end optical communications transceiver modules. Giga-Transceiver is a supplier to Nvidia (US: NVDA). It is already listed in Shenzhen, and has benefited as investors have poured into artificial intelligence (AI) and related companies; Giga-Transceiver’s share price has risen by about 6 times over the past year.

Giga-Transceiver’s 2025 net profit doubled to 10.8 billion yuan, up 108.8% year on year. Revenue was 38.24 billion yuan, up 60.3%.

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