Luxshare Precision is set to price its Hong Kong listing at the top of its range, a sign of strong demand for one of the year’s marquee share sales. The Apple supplier plans to fix the offer at the maximum HK$63.28 a share, according to people cited by Bloomberg, raising as much as $3.1bn and making it Hong Kong’s largest initial public offering of 2026.
It caps a sprint by Apple’s Chinese suppliers to the Hong Kong market, where several have raised billions in quick succession.
The company is selling up to 383.5 million H-shares, with a final price expected around 7 July and trading due to begin on the 9th. Pricing at the ceiling is the outcome underwriters hope for and do not always get, and it points to an order book comfortably covered rather than one scraping to fill.
Most people have handled Luxshare’s work without knowing the name. The firm assembles AirPods and a growing share of iPhones, and has moved into higher-value final assembly, including for the Vision Pro headset, a trajectory that has taken it from making connectors and cables to sitting near the centre of Apple’s manufacturing base. That climb up the value chain is the story it is now selling to investors.
The numbers behind it are large. Luxshare reported revenue of 332.3 billion yuan, about $48.9bn, in 2025, up 24% on the year, and its Shenzhen-listed shares have more than doubled over the past twelve months to give it a market value above $77bn.The 💜 of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!
