China’s Innolight Is Said to Confidentially File for $3 Billion Hong Kong Listing

Chinese optics firm Zhongji Innolight Co. has confidentially filed for a Hong Kong listing, according to people familiar with the development, in what could be one of the city’s biggest maiden share sales this year.

Innolight — a supplier of Nvidia Corp. — is already listed in Shenzhen, where its shares have climbed about sixfold in a year as investors flock to artificial intelligence and businesses that feed it. The maker of high-speed optical transceivers said Monday its 2025 net income doubled to 10.8 billion yuan ($1.6 billion).