Luxshare Precision Raises $3.1 Billion in Hong Kong's Biggest IPO of the Year

Corporate Action
โดย GuruFocus·Read original
Summary · why it matters

Luxshare Precision Industry has raised HK$24.3 billion, or $3.1 billion, in Hong Kong's largest initial public offering this year. The Chinese components manufacturer and Apple supplier priced 383.5 million shares at HK$63.28 each, the top of the marketed range, representing a 13% discount to its latest Shenzhen closing price. The stock is expected to begin trading in Hong Kong on Thursday. The offering surpasses the HK$23.1 billion raised by Victory Giant Technology Huizhou in April, and investor demand appeared strong enough that Luxshare stopped taking orders early. Cornerstone investors in the listing include Temasek Holdings, GIC and Hillhouse Investment.

Impact on stocks 3

Artificial Intelligence · 1 stocks
Others± Mixed · 2 stocks
Luxshare Precision Industry Co Ltd
002475
▲ PositiveCapitalrelevance

Luxshare Precision raised $3.1 billion in Hong Kong's largest IPO this year, with strong investor demand and pricing at the top of the range.

Off-coverage companies 3

GIC Private LimitedPrivate± Mixed
relevance

Hillhouse InvestmentPrivate± Mixed
relevance

Temasek Holdings (Private) LimitedPrivate± Mixed
relevance