Luxshare Precision Industry launched a global share offering Tuesday that could raise as much as HK$24.3 billion ($3.1 billion), making it the largest initial public offering in Hong Kong so far in 2026, according to The Wall Street Journal.
International investors are set to receive about 90% of the 383.5 million H shares on offer, priced at up to HK$63.28 apiece, with Hong Kong retail buyers taking the rest
Shares are scheduled to start changing hands on July 9, and the offer price is slated to be set no later than July 7. If completed at the maximum price, the offering would surpass the HK$20.12 billion listing of Victory Giant Technology in April. According to Frost & Sullivan, Luxshare — an iPhone and AirPods assembler for Apple — holds the top spot among precision intelligent manufacturing providers in mainland China and ranks fifth worldwide when measured by 2025 revenue.
Revenue rose 24% to 332 billion yuan ($48.9 billion) last year, according to Bloomberg. While consumer electronics still generated close to 80% of Luxshare’s revenue in 2025, the company has been pushing into new segments. Its automotive electronics unit has grown rapidly, climbing to 11.8% of sales from just 3.9% two years prior.