Shares of Luxshare Precision Industry fell more than 5% in their Hong Kong trading debut on Wednesday, sliding to HK$60 in early trading after the Apple supplier priced its initial public offering at the top of the indicative range.
The company raised HK$24.3 billion ($3.1 billion) by selling 383.5 million shares at HK$63.28 each, a listing that stands as Hong Kong's largest of the year so far. The IPO price represented a 13% discount to Luxshare's most recent closing price in Shenzhen, and the company stopped accepting orders ahead of schedule in a sign of strong investor appetite.
Luxshare reported 2025 revenue of 332.34 billion yuan, up from 268.79 billion yuan the prior year, and has been expanding its automotive operations, raising its stake in German cable specialist Leoni AG to 74.9% as of April 2026.