IPO News | Communication Instruments (688808.SH) selects investment bank to go public in Hong Kong next year to raise more than HK$7.8 billion

The Zhitong Finance App learned that the report quoted people familiar with the matter as saying that Liancun Instruments (688808.SH), an optical communication testing equipment company listed in Shanghai, has selected CITIC Securities, Goldman Sachs and Chase to assist in preparing the Hong Kong listing. It is expected to go public next year, raising more than 1 billion US dollars (over HK$7.8 billion). Unicom Instruments announced in October that the company plans to issue H shares and be listed on the Hong Kong main board. It hopes to further deepen the company's global strategic layout, enhance its international brand image, enhance overseas financing capabilities, optimize its capital structure, and enhance its core competitiveness.

Established in 2017, Liancun Instruments is from Suzhou and focuses on R&D and manufacturing of test instruments and equipment in the fields of high-speed communication, electrical performance, optical chips and power chips. The company was listed on the Shanghai Science and Technology Innovation Board in April this year.

In October, Liancun Instruments announced that the company expects to achieve net profit attributable to shareholders of listed companies of 1.9 billion yuan to 2.1 billion yuan in the first three quarters of 2026, an increase of 1866% to 2072.95% over the same period last year.

During the reporting period, benefiting from the rapid development of artificial intelligence technology and the continuous increase in global computing power demand, data center construction accelerated, and market demand in the field of high-speed optical communication maintained rapid growth, driving optical module and optical chip manufacturers to continue to expand production, further promoting sales growth of the company's communication testing instrument products and optoelectronic device testing equipment products. As the scale of the company's business expanded, operating income increased year-on-year, driving the company's net profit attributable to shareholders of listed companies and net profit after deducting non-recurring profit and loss to achieve a significant increase compared to the same period last year.