Luxshare prices Hong Kong listing at top end, raises $3.09 billion

Luxshare Precision Industry priced its Hong Kong listing at the top of the marketed range, raising about HK$24.27 billion, or $3.09 billion, in a deal that reinforces investor demand for China-linked hardware names even as Apple dependence and geopolitical risks loom over the sector. The company set the final offer price at HK$63.28 per H-share.

The global offering comprised 383,472,800 H shares, including 38,347,300 Hong Kong offer shares and 345,125,500 international offer shares. Luxshare said the price determination date fell on or before Tuesday, July 7, Hong Kong time, and Hong Kong exchange notices said the offer price, demand figures, international interest and allocation basis were due to be published the same day. Trading was scheduled to start on the Main Board of the Hong Kong Stock Exchange on July 9 at 9:00 a.m. local time, with investor demand and allocation results set for release on July 8.

The proceeds point to where Luxshare sees its next phase of growth. The company said the money would support expansion in manufacturing capacity for automotive and consumer electronics, fund AI-driven factory upgrades, finance acquisitions, repay debt and provide working capital. A significant share is earmarked for automotive electronics, underscoring how Luxshare is pushing beyond its role as an Apple supplier and deeper into intelligent-vehicle supply chains and higher-value industrial manufacturing.

That shift matters in Hong Kong because the market has been trying to attract large deals that signal confidence in both its capital markets and China’s advanced manufacturing base. Luxshare, founded by Chinese billionaire Wang Laichun, has long been one of Apple’s largest suppliers, making routers, wireless charging modules and video conferencing equipment. But its own materials now present the company as a global manufacturer with businesses spanning consumer electronics, communications and data centers, automotive systems and sustainable development, a broader profile that matches the use of proceeds in the listing.

Luxshare was established on May 24, 2004 and listed on Shenzhen’s ChiNext board on September 15, 2010 under stock code 002475. Its 2025 reporting materials continued to emphasize consumer electronics, data centers, communication interconnects and automotive systems, suggesting the Hong Kong offering is designed to accelerate an already well-established diversification strategy rather than fund a pivot from scratch.