Photonic and mixed computing power provider Shi Zhi Technology will debut on the Hong Kong Stock Exchange on Tuesday.

Chinese optoelectronic hybrid computing provider Xizhi Technology raised HK$2.5 billion through its initial public offering and will be listed for trading in Hong Kong on Tuesday, further fueling investor interest in this rapidly growing industry. The company's offering price is HK$183.2 per share, at the top end of the price range, attracting cornerstone investors including Alibaba Investment, Singapore sovereign wealth fund, and Temasek Holdings, who collectively subscribed for over 71% of the offering shares. Prior to its listing on the Hong Kong Stock Exchange, the stock surged over 300% in the gray market.