CREALIGHTS (SEHK: 01191) made a strong debut on the stock exchange, with its shares opening sharply higher in early trading.

The company's initial public offering was priced at HK$114 per share, with a total of approximately 13.43 million shares issued, each board lot comprising 50 shares. The net proceeds from the offering amounted to roughly HK$1.415 billion.

At the time of writing, the stock was up 75.35%, trading at HK$199.9 with a turnover exceeding HK$394 million.

About the Company's Business

Public information indicates that CREALIGHTS is a provider of optical interconnect products, supplying optical modules, Active Optical Cables (AOCs), and other related items.

The company's photoelectric interconnect products find extensive application in AI data centers, facilitating high-speed, high-density, and energy-efficient data transmission.

CREALIGHTS has developed end-to-end technological capabilities spanning from chip design to optical module manufacturing, with a particular focus on the silicon photonics technology sector.

The company's portfolio of optical modules covers transmission rates of 100G, 200G, 400G, and 800G, and is compatible with multiple industry-standard form factors.

All single-mode optical modules with specifications of 400G and above utilize silicon photonics technology.

Market Position and Rankings

According to data from Frost & Sullivan, based on revenue, the company ranked 17th among global optical module suppliers in 2025, capturing a 0.8% global market share by revenue.

From the same source, based on AI optical module revenue in 2025, CREALIGHTS ranked 8th among Chinese optical module suppliers globally, holding a 1.6% global market share.