Luxshare Precision clears HKEX hearing for $3 billion Hong Kong IPO

Luxshare Precision Industry Co. passed its Hong Kong stock exchange listing hearing, clearing the way for a dual listing that could raise nearly $3 billion.

"The CSRC registration and hearing approval mark significant milestones in our dual listing strategy," the company said in its post-hearing filing, without naming specific underwriters or a timeline.

The Shenzhen-listed contract manufacturer plans to sell about 441 million ordinary shares, according to its China Securities Regulatory Commission filing. The company, which produces consumer electronics for Apple, reported 2025 revenue of 332 billion yuan ($49 billion), up 23.6%, and profit of 14.2 billion yuan, up 21.2%. Its automotive electronics division grew 185% to account for 11.8% of sales.

A successful listing would make Luxshare one of the largest Hong Kong IPOs this year, giving international investors direct access to a key Apple supply chain partner. The company's Shenzhen shares have gained 106% over the past 52 weeks, giving it a market value of about 500 billion yuan ($73.9 billion).

The company did not disclose the offer price range, cornerstone investors, or listing date. Lead underwriters have also not been named. Luxshare's core consumer electronics business, which includes Apple products, rose 13.4% last year and still accounts for 80% of total revenue.

The dual listing gives Luxshare a second currency for fundraising and M&A, reducing its reliance on the A-share market. Investors will watch for the pricing range and cornerstone investor lineup, which will signal institutional demand for one of China's largest manufacturing names.

This article is for informational purposes only and does not constitute investment advice.