Luxshare Precision Industry, a Shenzhen-listed supplier to Apple, filed to raise as much as HK$24.3 billion (about US$3.1 billion) via a Hong Kong share sale on June 30, 2026 [1, 2, 3, 4, 5].
It plans to offer 383.5 million shares at a maximum price of HK$63.28 each, with the final offer price expected to be set around July 7 or 8 and trading scheduled to begin on July 8 or 9 [3, 4, 5].
Cornerstone investors have committed US$1.5 billion to the offering, including Temasek, GIC, Hillhouse Investment, Millennium Management, Tencent Holdings, and Sin [1, 2].
Luxshare intends to use the proceeds to expand production capacity in automotive and consumer electronics, invest in research and development and companies, repay bank loans, and support working capital [1, 2].
The company is China's largest precision intelligent manufacturing solutions provider and is forecast to be the world's fifth largest by revenue in 2025 [3]. Its automotive electronics sales rose to 11.8% of total revenue in 2025 from 3.9% two years earlier as it diversifies beyond consumer electronics [3].
The June 30 filing came amid a surge of Hong Kong IPOs. Nine companies, including Luxshare, filed to raise a combined total of about US$6 billion (HK$44.1 billion), the busiest Hong Kong listing day in five years [1, 2, 4, 5]. Luxshare's HK$24.3 billion raise was the largest single deal on that day [1, 2, 4, 5].
The rush is partly driven by Beijing's push for domestic companies to list closer to home. The Hang Seng Index is down 11% in 2026, one of the worst drops among major global indices, but strong global enthusiasm for AI technology has increased interest in tech IPOs [1, 2].
