Luxshare Raises $3.1 Billion in Hong Kong’s Biggest Listing This Year, Shares Slip in Debut

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Luxshare Precision Industry raised HK$24.3 billion, or $3.1 billion, in Hong Kong’s biggest listing so far this year, but its shares closed 1.6% lower at HK$62.30 in their debut after falling as much as 9.6%. The Shenzhen-based Apple supplier sold 383.5 million shares at HK$63.28 each, the top end of the offering range, while its Shenzhen-listed shares rose 3.2% to 64.46 yuan, widening their premium over the Hong Kong stock to about 19%. The listing comes as first-time offerings in Hong Kong have raised more than $30 billion so far in 2026, approaching the 2025 total of $36.8 billion, which marked a four-year high. Luxshare’s deal surpassed the $2.9 billion April debut of Victory Giant Technology, which had previously been the city’s largest listing this year, and attracted cornerstone investors including Temasek Holdings, GIC, Hillhouse Investment, Millennium Management and Tencent Holdings, who agreed to buy $1.5 billion worth of stock. The company, which has a market value of about $80 billion and posted a 24% rise in revenue last year to 332 billion yuan, plans to use the proceeds to expand automotive and consumer-electronics capacity, fund research and development, invest in companies, repay bank borrowings and support working capital.

Luxshare Precision Industry Co Ltd ±