Luxshare Precision Industry, a Shenzhen-listed supplier tied to Apple products including AirPods and iPhone, moves forward with a Hong Kong listing after clearing regulatory steps with Hong Kong Exchanges and Clearing and receiving approval from China’s securities regulator for its offshore plan. Multiple reports describe Luxshare as pricing the offering at the top of its planned range, with the IPO price set at HK$63.28 per share. Bloomberg and other outlets report the sale is sized to raise up to about HK$24.3 billion (around $3.1 billion), described as Hong Kong’s biggest share debut of 2026 so far. The offering includes 383.5 million shares, according to one report. Cornerstone investors are said to take part with a guaranteed allocation and agree to hold shares for at least six months, with one source stating they will buy about $1.5 billion worth. After the debut, CNBC and The Next Web report that the stock declines in early trading, falling as much as 5% to 9.6% below the offer price before partially recovering. Overall, the coverage depicts a record-sized listing followed by an initially volatile market response.
Apple supplier Luxshare clears HK listing hurdle and begins trading in Hong Kong
Luxshare Precision Industry, a Shenzhen-listed supplier tied to Apple products including AirPods and iPhone, moves forward with a Hong Kong listing after clearing regulatory steps with Hong Kong Excha...
- Luxshare Precision Industry, a Shenzhen-listed Apple supplier, proceeds with a Hong Kong listing after clearing HKEX and China Securities Regulatory Commission steps.
- The company’s Hong Kong IPO price is set at HK$63.28 per share, the top of its indicated range.
- The offering size is reported at up to about HK$24.3 billion (about $3.1 billion), described as Hong Kong’s largest share debut of 2026 so far.
- Cornerstone investors receive guaranteed allocations and agree to hold shares for at least six months; one report says they buy about $1.5 billion of the stock.
- On debut, Luxshare shares fall below the offer price in early trading but later recover part of the losses.
Luxshare is one of the ultimate rags-to-riches stories, founded by a woman who started out as a Foxconn assembly-line worker and growing into a multi-billion dollar company and key Apple supplier. It’s been a publicly traded company in China since 2010, but has now added a second listing in Hong Kong, making it more accessible to overseas investors. Its latest listing set a new record before sliding back …
1 month agoLuxshare Precision Industry began trading in Hong Kong on Thursday with a stumble, its shares sliding on a debut that had been trailed as the city’s biggest listing of 2026. The stock fell as much as 9.6% below its offer price before clawing back part of the loss, an underwhelming opening for one of the […] This story continues at The Next Web
1 month agoThe company, which is already listed in Shenzhen, had priced shares in the IPO at 63.28 Hong Kong dollars apiece, raising HK$24.27 billion ($3.09 billion).
1 month agoApple Inc. supplier Luxshare Precision Industry Co. is set to begin trading in Hong Kong on Thursday after raising HK$24.3 billion ($3.1 billion) in the city’s biggest listing this year so far.
1 month agoApple Inc. supplier Luxshare Precision Industry Co. raised HK$24.3 billion ($3.1 billion) after pricing shares for its Hong Kong listing at the maximum amount it had set.
1 month agoLuxshare Precision is set to price its Hong Kong listing at the top of its range, a sign of strong demand for one of the year’s marquee share sales. The Apple supplier plans to fix the offer at the maximum HK$63.28 a share, according to people cited by Bloomberg, raising as much as $3.1bn and […] This story continues at The Next Web
1 month ago
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