Adtek Is Said to Explore Hong Kong IPO at $4 Billion Valuation

Shenzhen Adtek Technology Co. is considering an initial public offering in Hong Kong, according to people familiar with the matter, adding to a wave of Chinese listings by businesses related to data centers and artificial intelligence.

The provider of optical connectivity products for data centers, networks and telecommunications operators is working with Citic Securities Co. and Jefferies Financial Group Inc. on the potential share sale, the people said, asking not to be identified because the deliberations are private.