00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Luxshare Precision shares closed 1.55% lower in their Hong Kong trading debut on Thursday
00:09after the Apple supplier completed Hong Kong's largest initial public offering of the year,
00:13according to CNBC. The company raised $3.09 billion by pricing shares at $63.28 Hong Kong
00:20each, while the stock finished at $62.30 Hong Kong after recovering from steeper early losses.
00:28Luxshare has expanded from assembling Apple AirPods to supplying components for consumer
00:32electronics, vehicles, and communications products. Apple accounts for about 70% of Luxshare's
00:38revenue. The company reported 2,025 revenue of $332.34 billion, up from $268.79 billion in 2024,
00:48led by its consumer electronics business. Luxshare also said it will continue evaluating acquisitions
00:54and strategic partnerships after increasing its stake in German automotive supplier Leone
00:59to 74.9% in April, 2026. For all things money, visit Benzinga.com.
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