Luxshare prices Hong Kong IPO at HK$63.28, raising HK$24.3 billion

Luxshare’s Hong Kong shares opened below the IPO price, slipping more than 5% in early trading as the Apple supplier joined a busy week for major new listings in the city.

21d ago

Fact Check

Reuters confirms Luxshare priced its Hong Kong IPO at HK$63.28 per share (top of range), raising about HK$24.27 billion, rounded to HK$24.3 billion as stated in the claim. CNBC confirms shares opened below the IPO price (around HK$60) and slid over 5% in the July 9 debut, during a busy Hong Kong IPO week with listings such as Momenta and Nexchip. All material elements of the claim are corroborated by authoritative news-primary reporting.

Summary

Luxshare Precision Industry’s Hong Kong shares fell more than 5% in early trading on Thursday, slipping to HK$60 after the Apple supplier priced its secondary listing at HK$63.28 per share and raised HK$24.27 billion ($3.09 billion). The Chinese electronics manufacturer, already listed in Shenzhen, joined a busy week of Hong Kong IPOs alongside Momenta and Nexchip. Luxshare has expanded from assembling Apple AirPods into a broader supplier of consumer electronics, automotive electronics, communications and data center products, though Apple still accounts for about 70% of revenue, according to PitchBook. Its prospectus showed 2025 revenue rose to 332.34 billion yuan from 268.79 billion yuan in 2024, with consumer electronics contributing 79.5%, automotive electronics 11.8% and communications and data centers 7.4%. Founded in 2004 by CEO Wang Laichun, Luxshare remains family-controlled, with Wang Laisheng serving as vice chairman, and has continued to pursue acquisitions, including increasing its controlling stake in Leoni AG to 74.9% as of April 2026.

Terms & Concepts

secondary listing: A company’s additional share listing on another stock exchange while remaining listed on its original market.
IPO: An initial public offering, in which shares begin trading publicly and capital is raised from investors.