Luxshare Precision Industry plans to raise as much as HK$24.27 billion ($3.1 billion) through a share sale in Hong Kong, as detailed in a recent stock exchange filing. The company intends to offer 383.5 million H shares at a maximum price of HK$63.28 each, with approximately 90% of the shares allocated to international investors and the remainder to Hong Kong retail buyers.
Trading is expected to commence on July 9, with the final offer price to be determined by July 7. Luxshare, recognized as the largest provider of precision intelligent manufacturing solutions in mainland China and projected to be the fifth largest globally by 2025 revenue, is diversifying its business model.
Last year, consumer electronics accounted for nearly 80% of its revenue, but the automotive electronics sector is rapidly growing, contributing 11.8% of sales in 2025, up from just 3.9% two years prior. This strategic shift is crucial for Luxshare as it seeks to reduce dependency on the consumer electronics market