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Luxshare's $3.1B IPO: Biggest in Hong Kong This Year

9 Jul

Summary

Luxshare Precision Industry Co. raised HK$24.3 billion ($3.1 billion).
The company is a key supplier for Apple products like iPhones.
Trading began in Hong Kong, marking the city's largest listing this year.

Luxshare Precision Industry Co. began trading on the Hong Kong Stock Exchange on Thursday, marking the city's largest initial public offering this year. The Shenzhen-based firm successfully raised HK$24.3 billion, equivalent to $3.1 billion, through its listing.

As a significant supplier to tech giant Apple, Luxshare is responsible for assembling popular products including iPhones and AirPods. The company sold 383.5 million shares as part of this substantial offering, highlighting its critical role in the global supply chain for consumer electronics.

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