Apple Supplier Luxshare Plans $1B Hong Kong IPO

Luxshare Precision Industry, a major Apple supplier based in Guangdong, is planning a significant IPO on the Hong Kong Stock Exchange to raise over $1 billion, aiming to enhance its global strategic deployment and overseas financing capabilities. The company, which saw a 15.9% increase in operating income and a 22% rise in net profit in 2024, has expanded its Apple-related production with four new factories in China. Its Hong Kong listing, supported by financial giants such as China International Capital, Citic Securities, and Goldman Sachs, reflects a growing trend of Chinese tech firms seeking international capital to diversify funding sources. Apple remains Luxshare's largest customer, accounting for around 71% of its revenue, underscoring the supplier's pivotal role in the tech giant's supply chain. Analysts maintain a positive outlook on Apple, with an average