Wuxi Taclink Optoelectronics Technology Co. is weighing a listing in Singapore, a move that would mark a rare shift for a company already traded in mainland China. The optical components maker is working with OCBC and Haitong International Securities Co. to structure the deal. This move signals a strategic pivot away from traditional listing hubs.

Company sources suggest the share sale could raise at least S$200 million. This potential IPO comes as Wuxi Taclink rides an AI-driven rally, with its market capitalization reaching nearly 38 billion yuan. Shares have surged more than threefold over the last year as investors bet on the infrastructure required to power artificial intelligence.

Singapore Exchange Ltd. needs this win to reverse years of delistings. While Hong Kong has raised over $21 billion in IPOs this year, Singapore's IPO market is just recovering, fetching $912 million so far. A successful listing would prove Singapore is a viable alternative to Hong Kong for mainland Chinese firms.

Wuxi Taclink currently holds a market capitalization of approximately $5.6 billion. The company remains a primary beneficiary of the global demand for AI supply chain components.