Apple Supplier Luxshare Raises $3.1 Billion in Hong Kong IPO Priced at Top of Range
Luxshare priced its Hong Kong initial public offering at the top of its marketed range, raising about $3.1 billion. The company sold 383.5 million shares at approximately $8 each in a listing that ranks as the second largest IPO in history after SpaceX.
The shares will begin trading on the Hong Kong exchange on Thursday. The completed offering marks one of the largest primary equity raises for an Apple supply chain firm and follows earlier reports confirming the upper-end pricing.
From the sources (4 posts)
@firstsquawkAPPLE SUPPLIER LUXSHARE SAID TO PLAN PRICING HK LISTING AT TOP
@businessLuxshare is poised to raise HK$24.3 billion after telling prospective investors it wants to price shares for its IPO at the maximum amount it had set
@wsjThe share sale would still rank among the biggest in history, second only to SpaceX’s record IPO.
@techmemeApple supplier Luxshare raised ~$3.1B in its Hong Kong IPO, selling 383.5M shares at ~$8 each, the top of its marketed range, and will start trading on Thursday (Bloomberg) (Visit Techmeme dot com for the link and full context!)