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Apple Supplier Luxshare Said to Plan Pricing HK Listing at Top

Apple Supplier Luxshare Said to Plan Pricing HK Listing at Top
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Apple Supplier Luxshare Said to Plan Pricing HK Listing at Top Apple Inc. supplier Luxshare Precision Industry Co. is poised to raise HK$24.3 billion ($3.1 billion) after telling prospective investors it wants to price shares for its Hong Kong listing at the maximum amount it had set, according to people familiar with the matter. The Shenzhen-based components manufacturer is planning to price shares at HK$63.28 apiece, the people said, asking not to be identified discussing non-public...

Apple Supplier Luxshare Said to Plan Pricing HK Listing at Top Apple Inc. supplier Luxshare Precision Industry Co. is poised to raise HK$24.3 billion ($3.1 billion) after telling prospective investors it wants to price shares for its Hong Kong listing at the maximum amount it had set, according to people familiar with the matter. The Shenzhen-based components manufacturer is planning to price shares at HK$63.28 apiece, the people said, asking not to be identified discussing non-public information. That represents a discount of 13% to Luxshare’s closing price of 62.88 yuan in Shenzhen on Monday.
Apple Supplier Luxshare (ORG) Plan Pricing HK Listing (ORG) Top Apple Supplier Luxshare (ORG) Top Apple Inc. (ORG) Luxshare Precision Industry Co. (ORG) Hong Kong (LOCATION) Shenzhen (LOCATION) Luxshare (ORG)
Originally published by Bloomberg Technology Read original →