Luxshare Precision Industry launches up to $3.1 billion Hong Kong IPO
Luxshare Precision Industry, the Chinese Apple supplier known for assembling AirPods and iPhones, is launching a Hong Kong IPO to raise up to $3.1 billion, the largest in Hong Kong in 2026. The company will offer 383.5 million H-shares at HK$63.28 each, with cornerstone investors including Temasek, GIC, and Tencent committing $1.5 billion. Luxshare, with a $77 billion market cap in Shenzhen, aims to use proceeds for manufacturing expansion, R&D, and debt repayment while diversifying into automotive electronics and data center components. Trading begins July 9.
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Apple supplier Luxshare plans Hong Kong listing at top price, with Temasek and GIC as cornerstone investors
Luxshare Precision Industry Co., a key Apple supplier and components manufacturer, is reportedly planning to price its Hong Kong secondary listing at the top end of the marketed range. The company, which has seen its shares in Shenzhen climb over 80% in the past year to a market value of US$71 billion, is expected to attract major sovereign wealth funds as cornerstone investors. Singapore's Temasek Holdings and GIC are named among the potential cornerstone investors. The listing would provide Luxshare with additional capital and a broader investor base in Hong Kong.
The Business TimesApple supplier Luxshare sets Hong Kong listing at top of range, with Temasek and GIC as cornerstone investors
Apple supplier Luxshare Precision Industry has set its Hong Kong initial public offering (IPO) at the top of its price range, with the offer price determined at HK$63.28 per H-share. The company will sell 383.5 million shares. Singapore sovereign wealth funds Temasek and GIC are among the cornerstone investors in the listing. The move marks a significant capital markets event for the Chinese electronics manufacturer, which is a key assembler of iPhones and other Apple products. The listing is expected to raise substantial funds for the company's expansion and operations.
The Business TimesLuxshare Precision launches $3.1 billion Hong Kong IPO
Luxshare Precision Industry, a major Apple supplier for iPhone and AirPods assembly, launched a global share offering in Hong Kong on June 30, 2026, aiming to raise up to HK$24.3 billion ($3.1 billion). This makes it the largest IPO in Hong Kong in 2026, surpassing Victory Giant Technology's April listing. The offering includes 383.5 million H shares, with 90% allocated to international investors. Cornerstone investors, including Temasek, GIC, Hillhouse, Millennium Management, Tencent, and Abu Dhabi Investment Authority, have committed $1.5 billion. Luxshare is diversifying beyond consumer electronics (still 80% of revenue) into automotive electronics (11.8% of sales) and data center components. Proceeds will fund manufacturing expansion, R&D, investments, and debt repayment. Shares are expected to begin trading on July 9. Citic Securities, CICC, and Goldman Sachs are leading the offering.
Yahoo FinanceApple Supplier Luxshare Seeks Up to $3.1 Billion in Hong Kong Share Sale
Apple supplier Luxshare Precision Industry plans to raise up to $3.1 billion through a Hong Kong share sale, according to a stock exchange filing. The Shenzhen-listed electronics manufacturer will offer 383.5 million H shares at a maximum price of HK$63.28 each. About 90% of shares will go to international investors, with the remainder for Hong Kong retail buyers. Trading is expected to begin on July 9, with the final offer price determined by July 7. Luxshare is the largest precision intelligent manufacturing solutions provider in mainland China and the world's fifth largest by 2025 revenue. The listing comes as Luxshare diversifies beyond consumer electronics, which accounted for nearly 80% of revenue last year. Automotive electronics has grown to 11.8% of sales in 2025, up from 3.9% two years earlier.
US Top News and AnalysisAirPods maker Luxshare gauges interest for US$3 billion Hong Kong listing
Luxshare Precision Industry, the Chinese manufacturer best known for assembling AirPods, is sounding out investor interest for a potential US$3 billion Hong Kong listing. The company reported 2025 revenue of 332.3 billion yuan (approximately US$46 billion), a 24% increase from the same period the prior year. Luxshare's Shenzhen-listed shares have more than doubled over the past year, bringing its market capitalisation to over US$77 billion. The listing consideration represents a significant capital markets move for the electronics supply chain giant.
The Business Times