Luxshare Precision Falls Below IPO Price on Hong Kong Debut, Drops Over 7% Intraday

Price Action

โดย 大河财立方·Read original

Summary · why it matters

Luxshare Precision fell below its IPO price on its first day of trading on the Hong Kong Stock Exchange, dropping more than 7% intraday. The company's IPO is the largest in Hong Kong since 2026, with an offer price of HK$63.28 per share, raising nearly HK$24 billion. Over 20 institutional investors, including Temasek, GIC, Abu Dhabi Investment Authority, Hillhouse's HHLRA, Tencent Holdings, Fidelity International, GF Fund Management, and Taikang Life Insurance, participated as cornerstone investors. As of press time, Luxshare Precision's Hong Kong shares were down 3.45% at HK$61.10 per share.