Luxshare Precision Industry Co., an Apple Inc. supplier, is poised to raise HK$24.3 billion ($3.1 billion) through its Hong Kong listing. The company intends to price its shares at the maximum amount it had set, HK$63.28 apiece. This pricing represents a 13% discount compared to Luxshare’s closing price of 62.88 yuan in Shenzhen on Monday.
The successful pricing at the top of the range indicates robust investor interest for one of Hong Kong's most significant initial public offerings of 2026. This move follows a trend of Chinese Apple suppliers seeking listings in the Hong Kong market to raise substantial capital.
Luxshare is offering 383.5 million H-shares, with the final price expected around July 7 and trading anticipated to commence on July 9. The banks facilitating the offering include CITIC Securities, Goldman Sachs, and China International Capital Corp, whose involvement and the top-tier pricing underscore the warming sentiment in the Hong Kong IPO market, particularly for listings related to AI and advanced manufacturing.
