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Apple Supplier Luxshare Prices $3.1 Billion HK Listing at Top
Key Points
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.