Luxshare opens $3.1 billion Hong Kong offer
Luxshare Precision, a key Apple AirPods supplier, has opened investor orders for its Hong Kong initial public offering that could raise up to HK$24.3 billion ($3.1 billion).
The Shenzhen-listed electronics maker is offering 383.5 million shares at up to HK$63.28 each. The offering is set to become Hong Kong's biggest listing of the year.
An exchange filing on Tuesday showed Apple supplier Luxshare Precision Industry seeks to raise up to HK$24.27 billion ($3.10 billion). The company is set to offer 383.5 million H shares at a maximum offer price of HK$63.28 apiece.
Luxshare expects to unveil its final offer price and the level of interest in the offering on July 8, with trading set to commence the following day.
The company had earlier announced it had received confirmation from the country's securities regulator for a planned Hong Kong listing of up to 441 million shares.
Cornerstone investors are lined up to buy a $1.5 billion stake in the IPO, according to the offering details published on Tuesday.
Apple supplier Luxshare Precision Industry is gauging investor interest for a US$3.1 billion Hong Kong listing that would be the city's largest so far this year, amid a fundraising frenzy for technology-related stocks.
The share sale follows a slew of Chinese technology firms seeking to raise funds in Hong Kong, with Luxshare revealing an up to $3.10 billion offer on the same day as chip firm Nexchip's planned sale.
Luxshare joins mainland tech firms that have raised over $16.2 billion in the first seven months of 2025. Hong Kong remains the world's top IPO venue, with 53 firms raising HK$127 billion this year.
Luxshare Precision Industry, a key Apple supplier for AirPods and iPhones, has passed Hong Kong's listing hearing. The Shenzhen-based company reported a 24% revenue increase to 332 billion yuan in 2025 and expanded into automotive and robotics sectors.
The company reported 20.18% revenue growth and 23.13% net profit in H1 2025, with plans to expand through strategic acquisitions and a Hong Kong IPO.
Luxshare Precision Industry Co. plans to list on the Hong Kong Stock Exchange as part of its global strategy, aiming to access international capital and enhance corporate governance.
Luxshare Precision Industry Co. Ltd., a Chinese electronics manufacturer headquartered in Shenzhen, has been listed on the Shenzhen Stock Exchange since 2010. Founded in 2004, the company designs computer cables and assembles AirPods for Apple.
