Luxshare Precision Industry, a major supplier for Apple's AirPods and iPhones, has successfully passed its listing hearing for the Hong Kong Exchanges and Clearing (HKEX). This move follows the company receiving a green light from the China Securities Regulatory Commission for its offshore listing plans. The Shenzhen-based company, which began as a cable connector business in 2004, is aiming to raise up to $3 billion through the IPO, potentially making it one of Hong Kong’s largest deals this year. The company plans to issue no more than 441 million overseas-listed ordinary shares.
In 2025, Luxshare reported an impressive revenue of 332 billion yuan (approximately $48.82 billion), marking a 24% increase from the previous year. Net profit also surged by 24% to 16.6 billion yuan in 2025. While consumer electronics continue to be its primary business, accounting for nearly 80% of its total revenue, Luxshare is actively diversifying into new growth areas. The automotive segment saw its sales nearly triple year-on-year, contributing 12% to the company's revenue.
Citic Securities, Goldman Sachs, and China International Capital Corporation (CICC) are serving as joint sponsors for the IPO. Luxshare's expansion beyond consumer electronics includes ventures into data centers and robotics, in addition to its growing automotive presence. The company's market capitalization recently exceeded $77 billion, reflecting its strong financial performance and dominant position in the electronics manufacturing sector.
