economy
Apple supplier Luxshare seeks up to $3.1 billion in Hong Kong share sale
Apple supplier Luxshare Precision Industry is seeking to raise as much as $24.27 billion Hong Kong dollars ($3.1 billion) through a Hong Kong share sale.
TL;DR
- Luxshare Precision Industry plans to raise up to HK$24.27 billion ($3.1 billion) through a Hong Kong share sale.
- The company intends to offer 383.5 million H shares at a maximum price of HK$63.28 each.
- Approximately 90% of the shares will be allocated to international investors.
- Trading is expected to commence on July 9, with final pricing determined by July 7.
- Luxshare is a key manufacturing partner for Apple and a leading provider of precision intelligent manufacturing solutions.
- The company manufactures components and systems for consumer electronics, automotive electronics, communications, and data centers.
- The share sale aims to support Luxshare's diversification strategy away from consumer electronics, which accounted for nearly 80% of revenue last year.
- Automotive electronics sales have grown significantly, contributing 11.8% of sales in 2025.