Lingyi iTech, a Chinese precision electronics components maker that supplies parts to Apple, Huawei, and Samsung, has priced its Hong Kong secondary listing at HK$10.18 per share. The sale of 811.81 million shares raised approximately $1.06 billion, or HK$8.3 billion.
Trading on the Hong Kong Stock Exchange is set to begin on June 26, 2025. The company plans to channel a portion of the proceeds into expanding its artificial intelligence capacity.
A billion-dollar vote of confidence
Lingyi iTech found 21 cornerstone investors willing to commit capital before the listing even went live.
Lingyi iTech isn’t a pure-play AI company. Founded in 2006 by billionaire Zeng Fangqin, the firm specializes in precision components for smartphones, tablets, and other consumer electronics.
