Luxshare Precision officially listed on the Hong Kong Stock Exchange on July 9. On the first day of trading, the stock dropped over 5% in the morning, trading at approximately HKD 60 per share; the IPO was priced at HKD 63.28 per share, raising HKD 24.27 billion (about USD 3.09 billion) in Hong Kong. According to PitchBook data, Apple accounts for approximately 70% of Luxshare Precision's revenue share.
Luxshare Precision's Hong Kong stock opened at HKD 60, down more than 5% from the IPO price
According to CNBC, Luxshare Precision listed on the Hong Kong Stock Exchange on July 9. In early trading, the stock was HKD 60 per share, down over 5% from the IPO price of HKD 63.28. The Hong Kong IPO raised HKD 24.27 billion (about USD 3.09 billion). Luxshare Precision had previously listed on the Shenzhen Stock Exchange, with a closing price of RMB 62.47 on July 8, down 1.28%. This marks Luxshare Precision's dual listing in Shenzhen and Hong Kong.
Apple accounts for about 70% of Luxshare Precision's revenue share
According to PitchBook data, Apple accounts for approximately 70% of Luxshare Precision's revenue share. The company initially started with the assembly of Apple AirPods and has now developed into a major supplier of consumer electronics, automotive electronics, and communication product components, being one of Apple's key assembly partners. According to the prospectus, Luxshare Precision's revenue in 2025 is projected to reach RMB 332.34 billion, up from RMB 268.79 billion in 2024. Revenue breakdown by business segment: consumer electronics 79.5%, automotive electronics 11.8%, communications and data centers 7.4%.
As of April, Luxshare Precision's stake in German Leoni AG increased to 74.9%
According to the prospectus, as of April 2026, Luxshare Precision's stake in German automotive wiring harness specialist Leoni AG increased to 74.9%. This is a strategic acquisition to expand its automotive electronics business. The company also stated that it may evaluate various acquisition and strategic partnership opportunities in the future to strengthen its capabilities.
Luxshare Precision was founded by Wang Laichun in 2004. Wang Laichun is currently CEO, and his brother Wang Laisheng serves as Vice Chairman. The company is listed but remains a family business.
Frequently Asked Questions
What is the pricing and fundraising scale of Luxshare Precision's Hong Kong IPO?
According to CNBC, Luxshare Precision's Hong Kong IPO was priced at HKD 63.28 per share, raising HKD 24.27 billion (about USD 3.09 billion). On the first day of trading, the stock opened at about HKD 60 per share, down over 5%.
How deep is Luxshare Precision's business relationship with Apple?
Based on PitchBook data, Apple accounts for about 70% of Luxshare Precision's revenue share. Luxshare Precision is a major assembly partner for Apple, starting from AirPods assembly, and now covers consumer electronics, automotive electronics, and communication components. In 2025, consumer electronics will account for 79.5% of total revenue.
What is Luxshare Precision's latest overseas acquisition strategy?
According to the prospectus, as of April 2026, Luxshare Precision increased its stake in German automotive wiring harness specialist Leoni AG to 74.9%. The company also indicated that it may evaluate various acquisition and strategic partnership opportunities in the future to enhance its competitiveness in automotive electronics and other fields.
