New stock news | A shares of Aitate Technology plan to be listed in Hong Kong, with a minimum fundraising of 500 million US dollars.

According to media reports citing sources, the optical interconnect product supplier Shenzhen AneTek Technology Co., Ltd. (referred to as AneTek Technology) plans to list in Hong Kong. AneTek Technology may seek to raise $500 million or more, with a company valuation target between $3 billion and $4 billion. The company may submit its listing application as early as this Friday (May 15), but details such as valuation, fundraising scale, and timing have not been finalized. Insiders said the company is currently working with CITIC SEC and Jefferies Financial Group to prepare for a potential stock offering. Public information shows that AneTek Technology was established in 2007 and is an optical connection equipment provider. The company focuses on providing optical connection products to global customers and customized optical fiber connection products to domestic and foreign operators, cloud service providers, main equipment manufacturers, and system integrators. The company's main products include passive optical components, optical fiber management systems, WDM wavelength division multiplexers, ODN intelligent devices, and other products.