Luxshare Plans to Price Hong Kong IPO at Top of Range

businessstocks 3 posts · 3 accounts

Apple supplier Luxshare Technology Co. plans to price its Hong Kong share sale at the top of its indicative range, aiming to raise HK$24.3 billion, according to media reports citing investors. The offering is set to rank among the largest initial public offerings in history, trailing only SpaceX's record share sale.

The Hong Kong listing marks a significant milestone for the electronics manufacturer, which has long served as a key supplier in Apple's hardware production. Pricing at the upper end of the guidance range typically signals strong institutional demand and would allow Luxshare to secure maximum capital for manufacturing expansion or debt refinancing.

From the sources (3 posts)

@firstsquawk

APPLE SUPPLIER LUXSHARE SAID TO PLAN PRICING HK LISTING AT TOP

@business

Luxshare 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

@wsj

The share sale would still rank among the biggest in history, second only to SpaceX’s record IPO.

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