Luxshare Precision Industry, a major supplier for Apple Inc.
(NASDAQ:AAPL), experienced a 5% decrease in its share value during its Hong Kong trading debut on Thursday.
Already listed on the Shenzhen Stock Exchange since 2010, the AirPods company priced its IPO shares at HK$ 63.28 ($8.07) each, thereby raising HK$ 24.27 billion ($3.09 billion).
However, the stock was trading at HK$60 ($7.65) in early trading.
Read Also: Apple Tests China's CXMT Memory Chips as State-Backed Firm Accelerates Expansion, Eyes IPO Windfall: Report Luxshare Bets On Diversification Luxshare has expanded beyond assembling Apple's AirPods to supplying components for a wide range of consumer electronics, automotive, and communications products.
