Abstract: Ligent, a China-based maker of optical transceivers and optical network terminals, launched its Hong Kong IPO to raise USD 723m. Citi and CITIC are the joint sponsors. In this note, we look at the deal terms and provide our thoughts on valuation for the company. We analyze cornerstone and sponsor performance and assess the risk-reward of the deal.
HUAGONG TECH, ACCELINK TECHNOLOGIES, SANHUA, ZIJIN GOLD INTL, VGT, SUZHOU TFC OPTICAL COMMUNICATION, EOPTOLINK TECHNOLOGY, GPIXEL, ZJ INNOLIGHT, CIG SHANGHAI, Applied Optoelectronics, Coherent, Lumentum Holdings Inc. Common Stock
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