AirPods maker Luxshare slides over 5% in Hong Kong debut
People visit the booth of Luxshare Precision Industry Co., Ltd during Electronica China 2021 at Shanghai New International Expo Center on April 14, 2021 in Shanghai, China.
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Shares of Luxshare Precision Industry fell more than 5% in early trading in Hong Kong on Thursday as investors welcomed its entry into the market. Apple supplier.
The company, which is currently listed in Shenzhen, set the price of shares in the IPO at HK$63.28, raising HK$24.27 billion ($3.09 billion). The stock was trading at HK$60 in early trading.
Luxshare has evolved from Apple’s AirPods assembler to a parts supplier for a broader range of consumer and automotive electronics and communications products.
According to PitchBook, Apple accounts for approximately 70% of Luxshare’s revenue.
The company, which has been long-listed on the Shenzhen Stock Exchange since 2010, closed at 62.47 yuan on Wednesday, down 1.28%.
Luxshare’s revenue reached 332.34 billion yuan in 2025, from 268.79 billion yuan in 2024. prospectusConsumer electronics is 79.5%, automotive electronics is 11.8%, and communications and data centers are 7.4%.
The company has a history of acquisitions. alignment He stated that by evaluating its capabilities together with its main field of activity, it can evaluate various acquisition and strategic partnership opportunities that can increase its capabilities in the future. Especially, augmented Its controlling stake in German automotive wiring and harness specialist Leoni AG has increased to 74.9% as of April 2026.
Luxshare was founded in 2004 by entrepreneur Wang Laichun, who currently runs the company as CEO. Although listed, it is a family-controlled business, with Wang’s brother Wang Laisheng serving as vice chairman.
Luxshare joined a wave of high-profile Hong Kong IPOs this week, along with autonomous driving startup Momenta and semiconductor foundry Nexchip.
