Luxshare Precision Industry shares closed 1.55% lower at HK$62.3 in their Hong Kong trading debut after raising $3.09 billion in the year's largest IPO there. The Apple supplier, already listed in Shenzhen, derives about 70% of revenue from the iPhone maker and continues expanding through acquisitions.
The firm has grown from assembling AirPods into a broader provider of components for consumer electronics, automotive systems and communications gear.
https://x.com/CNBC/status/2075095586504601801
The offering stands as the largest Hong Kong IPO so far this year.
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