Abstract: Ligent, a Hisense-controlled optical transceiver and optical network terminal maker, has passed the HKEX listing hearing and is seeking a Main Board listing. Citi and CITIC are the joint sponsors. Our prior note covered the company's business, financials and pre-IPO investor backing. This note compares Ligent with listed peers from a financial, operating and valuation perspective.
HUAGONG TECH, ACCELINK TECHNOLOGIES, SUZHOU TFC OPTICAL COMMUNICATION, EOPTOLINK TECHNOLOGY, ZJ INNOLIGHT, CIG SHANGHAI, Applied Optoelectronics, Coherent, Lumentum Holdings Inc. Common Stock
Research on Hong Kong and A+H equity offerings, from the first filing to the aftermarket. Coverage includes pre-IPO early thoughts on the business and valuation, analysis of the final deal terms and cornerstone investors, and updates as new prospectus versions are filed.
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