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AirPods Maker Luxshare Seeks Up to $3.1 Billion From Hong Kong Listing

AirPods Maker Luxshare Seeks Up to $3.1 Billion From Hong Kong Listing
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AirPods Maker Luxshare Seeks Up to $3.1 Billion From Hong Kong Listing Apple Inc. supplier Luxshare Precision Industry Co. has started taking investor orders for its Hong Kong listing that may fetch as much as HK$24.3 billion ($3.1 billion), the city’s biggest share debut so far this year. The Shenzhen-based components manufacturer that’s a key assembler of AirPods for the US consumer electronics giant is offering 383.5 million shares at a maximum price of HK$63.28 each, according to a...

AirPods Maker Luxshare Seeks Up to $3.1 Billion From Hong Kong Listing Apple Inc. supplier Luxshare Precision Industry Co. has started taking investor orders for its Hong Kong listing that may fetch as much as HK$24.3 billion ($3.1 billion), the city’s biggest share debut so far this year. The Shenzhen-based components manufacturer that’s a key assembler of AirPods for the US consumer electronics giant is offering 383.5 million shares at a maximum price of HK$63.28 each, according to a listing document dated Tuesday. That reflects a discount of 16% to Luxshare’s 65.30 yuan closing price on Monday in Shenzhen.
Hong Kong (LOCATION) Apple Inc. (ORG) Luxshare Precision Industry Co. (ORG) Shenzhen (LOCATION) US (LOCATION) Luxshare (ORG)
Originally published by Bloomberg Markets Read original →