China’s Ligent Technologies plans to raise HK$5.67 billion ($723.02 million) through an initial public offering in Hong Kong, according to a Monday filing with the exchange. The company is offering 172 million shares at HK$32.96 each. Controlled by Chinese technology conglomerate Hisense Group Holding, Ligent makes optical transceivers (devices that convert signals for fiber networks), optical chips and network terminals used in data centres, cloud computing and telecommunications networks. Reuters reported on September 3 that two people familiar with the matter said Ligent was targeting about $800 million from the offering. Its shares are scheduled to begin trading on September 22.