By Rajasik Mukherjee
July 7 (Reuters) – China-headquartered Luxshare Precision Industry said on Tuesday it had priced its Hong Kong listing at the top end of its marketed range, looking to raise about HK$24.27 billion ($3.09 billion).
The Shenzhen-listed Apple supplier said the offer price was determined at HK$63.28 per H-share, and would sell 383.5 million shares.
The proceeds would be used to expand manufacturing capacity in automotive and consumer electronics, fund AI-driven factory upgrades, repay debt and support working capital, according to Luxshare’s prospectus.
A significant portion is earmarked for automotive electronics, as Luxshare pushes deeper into the fast-growing intelligent vehicle supply chain.
“Luxshare’s HK IPO is interesting because it comes at a time when global equity markets are still riding the AI euphoria,” said Lukman Leong, analyst at Doo Financial Futures, a brokerage.
“I see the IPO as benefiting from the current positive market sentiment toward AI and technology supply chains, while also reflecting HK’s renewed appeal as the preferred international fundraising venue for Chinese companies.”
Luxshare is among the five Chinese technology and advanced manufacturing companies that launched Hong Kong listings last week.
The first half of 2026 has seen about $22.45 billion in new listings in Hong Kong, up nearly 57% from a year earlier and marking the busiest start to a year for the city in five years, according to LSEG data.
The strong activity has helped make Hong Kong one of the world’s busiest venues for new share sales this year, as improving investor sentiment and robust demand encourage technology and manufacturing companies to raise capital.
The company said it expects to announce the level of investor demand for its international offering on July 8, with trading of its shares beginning the following day.
Founded by Chinese billionaire Wang Laichun, Luxshare is one of Apple’s largest suppliers and manufactures routers, wireless charging modules and video-conferencing equipment.
In a separate exchange filing, Chaozhou Three-Circle, an electronic ceramic materials maker, priced its H-share listing at HK$100.30 to raise about HK$7.16 billion.
($1 = 7.8425 Hong Kong dollars)
(Reporting by Rajasik Mukherjee in Bengaluru; Editing by Ronojoy Mazumdar and Vijay Kishore)
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