AAOI plans to conduct a $600 million market value equity issuance, causing a significant decline in the US optical communication sector

According to BIT (bit. com) market data, the US optical communication sector has suffered setbacks, and AAOI plans to conduct a $600 million market price equity issuance, generating structural selling pressure. Among them, Roundhill Optical Module ETF (LYTE) fell 7.3%, Pure Photonics ETF FOTO fell 5.8%, Applied Optoelectronics (AAOI) fell 17.47%, Corning (GLW) fell 4.4%, Coherent (COHR) fell 8.4%, Maiwell Technology (MRVL) fell 6.9%, LITE (Lumentum Holdings) fell 7.5%, and CIEN (Ciena Corporation) fell 7.3%. Applied Optoelectronics (AAOI) announced on August 21 that it has signed an agreement with Raymond James and Needham&Company to launch a market value issuance plan of up to $600 million.