Ligent Rises 4.6 Percent in Hong Kong Market Debut
Shares of Chinese fibre-optic equipment maker Ligent Technologies ended higher in their Hong Kong debut. The company raised funds by tapping demand for artificial intelligence hardware.
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Ligent Technologies closed up 4.6% in its Hong Kong debut on Tuesday after raising $723M on AI infrastructure demand. The stock rose as much as 19.2% before settling at HK$34.48. It was the 12th most actively traded stock on the Hong Kong bourse during the session.
