People visit the booth of Luxshare Precision Industry Co., Ltd during Electronica China 2021 at Shanghai New International Expo Centre on April 14, 2021 in Shanghai, China.<\/p>\n
Visual China Group | Getty Images<\/p>\n
Shares of Luxshare Precision Industry fell more than 5% in their Hong Kong trading debut Thursday, as investors cheered the market entry of the Apple<\/a> supplier.<\/p>\n The company, which is already listed in Shenzhen, had priced shares in the IPO at 63.28 Hong Kong dollars apiece, raising HK$24.27 billion ($3.09 billion). The stock was trading at HK$60 in early trading.<\/p>\n From being an assembler of Apple’s AirPods, Luxshare has evolved into a supplier of parts for a broader set of consumer and automotive electronics and communications products.<\/p>\n Apple accounts for approximately 70% of Luxshare’s revenue, according to PitchBook. <\/p>\n A long-standing fixture on the Shenzhen Stock Exchange since 2010, the company<\/a> closed at 62.47 yuan on Wednesday, down 1.28%.<\/p>\n Luxshare’s revenue hit 332.34 billion yuan in 2025, up from 268.79 billion yuan in 2024, as per its prospectus<\/a>, with consumer electronics accounting for 79.5%, automotive electronics 11.8% and communications and data centers at 7.4%.<\/p>\n The company has a track record of acquisitions, aligning<\/a> its capabilities with its core business, and indicated that it may evaluate various acquisition and strategic partnership opportunities going forward that could enhance its capabilities.\u00a0Notably, it increased <\/a>its controlling stake in German automotive cable and harness specialist Leoni AG to 74.9% as of April 2026.\u00a0<\/p>\n Luxshare was founded in 2004 by entrepreneur Wang Laichun, who currently leads the company as CEO. While listed, it is a family-controlled business, with Wang’s brother, Wang Laisheng, serving as vice chairman.\u00a0<\/p>\n Luxshare joins a high-profile wave of Hong Kong IPOs this week, alongside autonomous-driving startup Momenta<\/a> and semiconductor foundry Nexchip.<\/p>\n