Luxshare Targets HK$24.3 Billion Hong Kong Listing at HK$63.28 a Share
Updated
Updated · Bloomberg · Jul 6
Luxshare Targets HK$24.3 Billion Hong Kong Listing at HK$63.28 a Share
1 articles · Updated · Bloomberg · Jul 6
Summary
HK$63.28 a share is the price Luxshare has told prospective investors it wants for its Hong Kong offering, positioning the Apple supplier to raise HK$24.3 billion.
The proposed price is the top of the range the Shenzhen-based components maker had set for the listing, signaling confidence in demand for the deal.
That level implies a 13% discount to Luxshare’s Monday close of 62.88 yuan in Shenzhen, a common incentive for investors in cross-border share sales.
The fundraising would deliver about $3.1 billion and rank as a major Hong Kong equity issuance for a Chinese electronics manufacturer.