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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.