Luxshare Precision Industry Co., Ltd. Class A 002475

Apple supplier prices shares at the top of its range as AI-driven listing demand lifts Hong Kong's IPO market.

China-headquartered Luxshare Precision Industry said on Tuesday it had priced its Hong Kong listing at the top end of ‌its marketed range, looking to raise about HK$24.27 billion ($3.09 billion). The Shenzhen-listed Apple supplier ‌said the offer price was determined at HK$63.28 per H-share, and would sell 383.5 million shares. The proceeds ​would be used to expand manufacturing capacity in automotive and consumer electronics, fund AI-driven factory upgrades, repay debt and support working capital, according to Luxshare's prospectus.