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Apple Supplier Luxshare Prices $3.1 Billion HK Listing at Top

Apple Supplier Luxshare Prices $3.1 Billion HK Listing at Top
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Apple Supplier Luxshare Prices $3.1 Billion HK Listing at Top Apple Inc. supplier Luxshare Precision Industry Co. raised HK$24.3 billion ($3.1 billion) after pricing shares for its Hong Kong listing at the maximum amount it had set. The Chinese components manufacturer sold 383.5 million shares at HK$63.28 each, according to an exchange filing Tuesday that confirmed an earlier Bloomberg News report. That represents a discount of 13% to Luxshare’s latest closing price of 63.28 yuan in Shenzhen.

Apple Supplier Luxshare Prices $3.1 Billion HK Listing at Top Apple Inc. supplier Luxshare Precision Industry Co. raised HK$24.3 billion ($3.1 billion) after pricing shares for its Hong Kong listing at the maximum amount it had set. The Chinese components manufacturer sold 383.5 million shares at HK$63.28 each, according to an exchange filing Tuesday that confirmed an earlier Bloomberg News report. That represents a discount of 13% to Luxshare’s latest closing price of 63.28 yuan in Shenzhen.
Apple Supplier Luxshare (ORG) Top Apple Supplier Luxshare (ORG) Top Apple Inc. (ORG) Luxshare Precision Industry Co. (ORG) Hong Kong (LOCATION) Chinese (ORG) Bloomberg News (ORG) Luxshare (ORG) Shenzhen (LOCATION)
Originally published by Bloomberg Markets Read original →