The Shenzhen-listed contract manufacturer plans to offer 383.5 million shares at a maximum price of 63.28 Hong Kong dollars each. If the offering hits its target of HK$24.27 billion, it will surpass the HK$20.12 billion listing of Nvidia supplier Victory Giant Technology, which previously held the year’s record. Trading is scheduled to commence on July 9.
In section Market Quotes
Luxshare Precision Targets $3.1 Billion in Hong Kong IPO
With a target of US$3.1 billion, Apple assembler Luxshare Precision Industry is preparing for Hong Kong’s largest initial public offering of the year. The move signals a broader shift as Chinese technology firms increasingly turn to the city’s offshore capital markets to fuel their expansion and research capabilities.
Luxshare is part of a larger cohort of nine companies testing investor appetite for Hong Kong listings this week. This group includes Chaozhou Three-Circle, which aims to raise HK$7.16 billion, and Nexchip Semiconductor, seeking HK$6.98 billion to bolster its standing as China’s third-largest chip foundry. Collectively, these firms could pull nearly US$6 billion from the market, reinforcing Hong Kong's position as a primary destination for Chinese companies seeking secondary listings.
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