Luxshare Precision Industry began trading in Hong Kong on Thursday with a stumble, its shares sliding on a debut that had been trailed as the city’s biggest listing of 2026.
The stock fell as much as 9.6% below its offer price before clawing back part of the loss, an underwhelming opening for one of the year’s most closely watched share sales.
The Apple supplier had priced the listing at HK$63.28 a share, the very top of its range, raising about HK$24.3bn ($3.1bn).
Coming days after it set the offer at the ceiling, the soft start was a reminder that a well-covered order book does not always deliver a strong first session.
The shares touched a low of about HK$57.2 against the HK$63.28 offer price and were changing hands near HK$60 through much of the morning, according to figures cited by Bloomberg and other outlets. It was not a rout, but it was well short of the pop that the deal’s billing had implied.
