Luxshare prices $3.09 billion Hong Kong listing at top end
What's next: Trading is due to start July 9 after Temasek, GIC and Hillhouse joined as cornerstone investors.
Luxshare Precision Industry priced its Hong Kong share sale at the top of its marketed range, raising about HK$24.27 billion, or $3.09 billion, in one of the market’s bigger listings this year. The Apple supplier set the offer at HK$63.28 per H-share and will sell 383.5 million shares. Luxshare said proceeds will help expand manufacturing in automotive and consumer electronics, support AI-driven factory upgrades, pursue acquisitions, repay debt and fund working capital. A sizable share is earmarked for automotive electronics as the company pushes further into the intelligent vehicle supply chain. Trading on the Hong Kong Stock Exchange is expected to begin at 9 a.m. local time on July 9.