Luxshare Precision Industry, the primary manufacturer of Apple's AirPods, is exploring a Hong Kong listing with the aim of raising approximately $3 billion. This move could position it as one of Hong Kong's most significant initial public offerings (IPOs) in the current year. The electronics manufacturer, which also produces components for iPhones and the Vision Pro mixed-reality headset, has begun assessing investor interest for the potential listing.
The Shenzhen-listed company recently passed a hearing for the Hong Kong listing and received approval from the China Securities Regulatory Commission for its offshore plan. Citic Securities, Goldman Sachs, and China International Capital Corporation are listed as sponsors for the deal. This push for a Hong Kong listing comes as the city's market for first-time share sales has been experiencing a robust period, partly driven by high-technology debuts.
Luxshare reported robust financial performance, with its revenue reaching 332 billion yuan (approximately $48.82 billion) in 2025, marking a 24% increase from the previous year. Net profit also surged by 24% to 16.6 billion yuan in 2025, according to its prospectus. While consumer electronics still constitute nearly 80% of its total revenue, Luxshare has been actively diversifying into new growth areas. Its automotive segment, for instance, has seen sales nearly triple year-on-year, now accounting for 12% of its revenue. The company is also expanding into data centers and robotics.
