Crealights Takes Step Closer to Hong Kong IPO as Data Center Boom Fuels Growth Prospects

Chinese optical communication company Crealights Technology Co. Ltd. has passed its listing hearing with the Hong Kong Stock Exchange, clearing a major hurdle for an IPO in the city.

The exchange disclosed the company’s post-hearing information pack last week showing that Huatai International is acting as the sole sponsor for the deal. Crealights did not specify a timetable or how much it aims to raise in its IPO but said that it plans to invest the bulk of the proceeds in expanding production capacity for optical transceivers and other optoelectronic interconnection products and in research and development of new products and technologies.