Luxshare Precision Industry, the Chinese electronics manufacturer best known for assembling Apple products, just pulled off Hong Kong’s biggest IPO of the year. The company priced its secondary listing at HK$63.28 per share, the maximum end of its indicated range, raising HK$24.3 billion (roughly $3.1 billion).
The deal breakdown
Goldman Sachs, Citic Securities, and CICC are underwriting the deal.
The IPO eclipses the previous 2026 record set by Victory Giant Technology, which raised HK$23.1 billion back in April.
Perhaps the most telling detail is the cornerstone investor roster. Temasek, Singapore’s sovereign wealth fund, and GIC, its sibling sovereign fund, combined for commitments totaling $1.5 billion. That’s nearly half the entire offering locked up by two of the most sophisticated institutional investors on the planet.
