Apple supplier Luxshare Precision Industry targets up to HK$24.27B in fresh capital via a secondary listing.
Luxshare Precision Industry, a key supplier for Apple, plans to raise up to $3.1 billion through a share sale in Hong Kong. The Shenzhen-listed company filed for the offering on Tuesday, aiming to bolster its capital base amid expanding production needs.
The proposed HK$24.27 billion fundraising would mark one of the largest secondary listings in Hong Kong this year. Luxshare, which manufactures electronics components, has seen rising demand for its assembly services, particularly from major tech clients.
No immediate market reaction was disclosed in the filing, though the move signals confidence in capital markets despite recent volatility.