On October 8, 2025, insiders revealed that Coherent (Zhongji Innolight) is mulling over a potential listing in Hong Kong. At present, the process is still in its nascent phase, with both the exact issue size and the precise timing remaining up in the air.

Coherent (Zhongji Innolight) is a specialist in optical transceivers. It stands as a pivotal global player in the optical communications industry and serves as a core supplier for NVIDIA's GPUs. Since the start of this year, the company's stock price has experienced a meteoric rise, and its net profit has soared by 69% on a year-on-year basis.

If the listing proves successful, Coherent (Zhongji Innolight) will become part of the growing cohort of mainland companies turning to Hong Kong for financing. This move is poised to propel Hong Kong's IPO fundraising to unprecedented levels. Moreover, it will fuel the company's expansion into international markets and drive its technological research and development endeavors.