China’s leading electronics manufacturer and key Apple assembly partner Luxshare commenced trading on the Hong Kong Stock Exchange Thursday.
The stock fell 5% during early trading hours.
Shares of Luxshare Precision Industry fell more than 5% in their Hong Kong trading debut Thursday, as investors cheered the market entry of the Apple supplier.
The company, which is already listed in Shenzhen, had priced shares in the IPO at 63.28 Hong Kong dollars apiece, raising HK$24.27 billion ($3.09 billion). The stock was trading at HK$60 in early trading.
From being an assembler of Apple's AirPods, Luxshare has evolved into a supplier of parts for a broader set of consumer and automotive electronics and communications products.
Apple accounts for approximately 70% of Luxshare's revenue.
Luxshare's revenue hit 332.34 billion yuan in 2025, up from 268.79 billion yuan in 2024.
The company has a track record of acquisitions and indicated that it may evaluate various acquisition and strategic partnership opportunities going forward.
Luxshare was founded in 2004 by entrepreneur Wang Laichun, who currently leads the company as CEO.
