Luxshare Precision HK IPO to Raise HK$24.3 Billion
AAPL•Luxshare Precision launched a HK$24.3 billion IPO, offering 383.5 million H shares at up to HK$63.28 each, with trading set to begin July 9. The Apple assembler reported 24% revenue growth to 332 billion yuan in 2025, with automotive electronics rising to 11.8% of sales.
1. IPO Launch
Luxshare Precision Industry kicked off its global share offering targeting HK$24.3 billion by selling 383.5 million H shares at up to HK$63.28 apiece. International investors will receive roughly 90% of the allocation, with trading due to commence on July 9 and final pricing set by July 7.
2. Record Hong Kong Listing
If fully subscribed at the maximum price, the IPO will eclipse the HK$20.12 billion Victory Giant offering in April, marking the largest initial public offering in Hong Kong for 2026. Citic Securities, China International Capital Corp. and Goldman Sachs are leading the underwriting syndicate.
3. Company Profile and Growth
As a top-tier assembler of iPhones and AirPods for Apple, Luxshare posted a 24% jump in revenue to 332 billion yuan last year. While consumer electronics accounted for nearly 80% of sales, the automotive electronics segment surged to 11.8% of revenue, up from 3.9% two years earlier.
4. Use of Proceeds and Cornerstone Backers
More than two dozen cornerstone investors, including Temasek, GIC, Hillhouse and ADIA, have committed $1.5 billion in locked-up stakes. Funds raised will finance expansion of automotive and consumer‐electronics facilities, R&D, strategic investments, debt repayment and general operations.
