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Luxshare Precision Industry, the Chinese electronics giant that quietly builds a massive chunk of Apple’s product lineup, has started taking investor orders for what could be Hong Kong’s biggest IPO this year. The company is targeting up to $3.1 billion in proceeds from a secondary listing on the Hong Kong Stock Exchange.
For a company already worth more than $77 billion on China’s Shenzhen exchange, this isn’t a debut so much as a coming-out party for international investors.
The deal structure and who’s behind it
Luxshare plans to issue up to 441 million H shares in the offering, with Citic Securities, Goldman Sachs, and CICC serving as sponsors.
The China Securities Regulatory Commission gave its approval on June 22, 2026, following a successful listing hearing at HKEX around the same timeframe. The company is eyeing a debut potentially in July, though the exact date will depend on how the bookbuilding process unfolds.
Luxshare already trades publicly in Shenzhen under the ticker 002475.SZ. This Hong Kong listing is about access to a different pool of capital, specifically global institutional investors who may not have easy entry into mainland Chinese markets.
Inside Luxshare’s financials and Apple dependency
In 2025, the company posted revenue of RMB 332.34 billion, which represents roughly a 24% increase compared to the prior year. Net profit attributable to shareholders came in at RMB 16.6 billion, growing at a similar pace.
Apple products have historically accounted for a majority of Luxshare’s revenue. The company manufactures connectors, cables, acoustic components, and, increasingly, full device assemblies for the iPhone maker. The company is pushing into artificial intelligence hardware, data center infrastructure, and automotive electronics as part of efforts to reduce that dependency.
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