(May 29): Wuxi Taclink Optoelectronics Technology Co is considering a listing in Singapore, a potential first for any company that already trades shares in mainland China, according to people familiar with the matter.
The optical components maker might raise at least $200 million in a share sale, the people said, asking not to be identified because the information is private. Wuxi Taclink is working with Haitong International Securities Co and Oversea-Chinese Banking Corp (OCBC) on a plan, they said.
Deliberations are ongoing and details such as the size and timing of the offering may change, the people said.
Representatives of Shanghai-listed Wuxi Taclink, Haitong and OCBC didn’t respond to requests seeking comments.
A Wuxi Taclink listing would be a boost for Singapore Exchange Ltd, which has been seeking to woo companies from China and Southeast Asia to reverse years of delistings outnumbering new entrants.
See also: Night and day in the Milky Way of IPOs
Initial public offerings (IPOs) have fetched US$912 million in Singapore this year, up from US$4.5 million for the same period in 2025, which came from a sole IPO — by Vin’s Holdings Ltd, data compiled by Bloomberg showed.
Companies traded in mainland China have tended to look to Hong Kong for second listings in the past two years, driving a resurgence in the financial hub. More than US$21 billion has already been raised in Hong Kong IPOs this year.
Wuxi Taclink has been a beneficiary of the rally by companies in the artificial intelligence supply chain, as investors bet on surging demand for infrastructure that powers the technology. Its shares have climbed more than threefold in the past year for a market capitalisation of nearly CNY38.0 billion.
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