On May 22, Lightelligence-P rose 3.54% in regular trading, trading at 565.0 HKD/share, with trading volume of approximately 63.03 million HKD.

On the news front, this price increase is primarily interpreted as a continuation of the technical rebound following consecutive sessions of adjustment. The company's joint global coordinators had fully exercised the overallotment option, involving approximately 2.069 million H shares that formally commenced trading on May 14, representing about 2.8% of total issued share capital prior to the offering, at a subscription price of 183.20 HKD per share, raising approximately 379 million HKD in additional proceeds. The resulting supply pressure, combined with profit-taking by early investors since listing, drove the stock down over 30% from its post-IPO high of 1050.0 HKD. After days of selling, market pressure has eased and the stock has entered a rebound phase.

Lightelligence is a company focused on optical interconnect and optical computing. Its products include Scale-up and Scale-out optical interconnect solutions, as well as PACE series optical computing products, providing scalable and cost-effective solutions for AI computing infrastructure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)