Apple Supplier Lens Technology Seeks $608 Million Hong Kong Listing

Lens Technology, a key supplier to Apple, is planning a secondary listing in Hong Kong to raise up to HK$4.8 billion (approximately $606 million), selling 262 million shares at a price reflecting up to a 28% discount from its Shenzhen closing price. The company aims to use the proceeds to expand its product and service offerings, increase overseas presence, boost production capacity, and advance vertical integration in smart manufacturing. This move is part of a broader trend of Chinese mainland companies seeking secondary listings in Hong Kong to diversify funding sources and support global expansion amid constrained onshore fundraising. The offering has attracted cornerstone investors, including UBS Asset Management Singapore and Oaktree Capital, with Citic Securities acting as the sole IPO sponsor. Lens Technology's shares have faced pressure due to previous US tariffs but remain strategically important given Apple's significant business partnership. Trading for the Hong Kong shares is expected to begin on July 9, 2025, under stock code 6613.