IPO News | Rumor has it that Adtech plans to launch pre-IPO financing to raise up to RMB 2 billion

The Zhitong Finance App learned that the report quoted people familiar with the matter as saying that Adtech Technology, which plans to go public in Hong Kong, has initiated pre-initial public offering (IPO) financing, with a maximum financing amount of 2 billion yuan. The private equity departments of Singapore sovereign funds Temasek and Morgan Stanley and the CPE of Asian investment companies are involved.

According to data, Edtech submitted a listing application to the Hong Kong Stock Exchange in May. According to reports, it may raise capital of 500 million US dollars, and the valuation is estimated at 3 billion to 4 billion US dollars. According to its preliminary prospectus, the proceeds from the listing were used to expand production capacity, upgrade R&D centers, and recruit talents.

According to the prospectus, Adtech is a leading global provider of optical connectivity products and solutions, dedicated to R&D, manufacturing and sales of optical fiber connectors, low-light connectors and optical connectivity infrastructure products for AI data center applications. The company's products and solutions are widely used in leading cloud service providers, global technology giants and telecom operators. According to Frost & Sullivan, as of the last practical date (May 8, 2026), the company is one of the few fiber connector suppliers in the world that can support the optical connectivity needs of hyperscale AI data centers.