Luxshare Shares Fall Over 5% After HK$24.27 Billion Hong Kong Debut
Updated
Updated · CNBC · Jul 9
Luxshare Shares Fall Over 5% After HK$24.27 Billion Hong Kong Debut
3 articles · Updated · CNBC · Jul 9
Summary
Luxshare traded at HK$60 in early Hong Kong dealings, down more than 5% from its HK$63.28 IPO price after raising HK$24.27 billion ($3.09 billion).
The Apple supplier is already listed in Shenzhen, where it closed at 62.47 yuan on Wednesday, and is joining a busy Hong Kong IPO week alongside Momenta and Nexchip.
Apple still contributes about 70% of Luxshare revenue, even as the company has expanded from AirPods assembly into broader consumer electronics, automotive electronics, and communications products.
Revenue rose to 332.34 billion yuan in 2025 from 268.79 billion yuan in 2024, and Luxshare said it may pursue more acquisitions after lifting its Leoni stake to 74.9% in April.