{"id":2430,"date":"2026-07-09T06:33:14","date_gmt":"2026-07-09T06:33:14","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=2430"},"modified":"2026-07-09T06:33:14","modified_gmt":"2026-07-09T06:33:14","slug":"airpods-maker-luxshare-fell-more-than-5-in-its-hong-kong-market-debut","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=2430","title":{"rendered":"AirPods maker Luxshare fell more than 5% in its Hong Kong market debut"},"content":{"rendered":"<p><\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107089528\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>People visit the booth of Luxshare Precision Industry Co., Ltd during Electronica China 2021 at the Shanghai New International Exhibition Center on April 14, 2021 in Shanghai, China.<\/p>\n<p>Visual China Group | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Luxshare Precision Industry shares fell more than 5% in their Hong Kong trading debut on Thursday after <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><a href=\"https:\/\/www.cnbc.com\/quotes\/AAPL\/\">an apple<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>    the supplier&#8217;s multibillion-dollar initial public offering is the largest this year in Hong Kong.<\/p>\n<p>The company, which is already listed in Shenzhen, priced the shares in the IPO at HK$63.28 apiece, raising HK$24.27 billion ($3.09 billion). At the start of trading, the shares traded at HK$60.<\/p>\n<p>From an assembler of Apple AirPods, Luxshare has evolved into a parts supplier for a wider range of consumer and automotive electronics and communications.<\/p>\n<p>Apple accounts for about 70% of Luxshare&#8217;s revenue, according to PitchBook. <\/p>\n<p>It has been present on the Shenzhen Stock Exchange for a long time since 2010 <a href=\"https:\/\/www.cnbc.com\/quotes\/ZE475-CN\">company<\/a> closed at 62.47 yuan on Wednesday, down 1.28%.<\/p>\n<p>Luxshare&#8217;s revenue will reach 332.34 billion yuan in 2025, up from 268.79 billion yuan in 2024, according to its <a href=\"https:\/\/www1.hkexnews.hk\/listedco\/listconews\/sehk\/2026\/0630\/2026063000097.pdf\" target=\"_blank\">avenue<\/a>where consumer electronics is 79.5%, automotive electronics is 11.8% and communications and data center is 7.4%.<\/p>\n<p>The company has a track record of acquisitions, <a href=\"https:\/\/www1.hkexnews.hk\/listedco\/listconews\/sehk\/2026\/0630\/2026063000097.pdf\" target=\"_blank\">leveling<\/a> its capabilities with the core business, and noted that it may evaluate various acquisition and strategic partnership opportunities in the future that could enhance its capabilities. It is noteworthy that <a href=\"https:\/\/www.leoni.com\/press\/press-releases\/luxshare-increases-shareholding-in-leoni-ag\" target=\"_blank\">increased <\/a>the controlling stake in the German company Leoni AG, which specializes in the production of automotive cables and harnesses, reached 74.9% as of April 2026. <\/p>\n<p>Luxshare was founded in 2004 by entrepreneur Wang Laichun, who currently leads the company as CEO. Although it is listed, it is a family business with Wang&#8217;s brother, Wang Laisheng, as the vice chairman. <\/p>\n<p>Luxshare is joining the high-profile wave of IPOs in Hong Kong this week, along with an autonomous driving startup <a href=\"https:\/\/www.cnbc.com\/2026\/07\/08\/chinese-autonomous-driving-firm-momenta-rises-3percent-in-hong-kong-debut-.html\">The moment<\/a> and semiconductor foundry Nexchip<strong>.<\/strong><\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\"><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>People visit the booth of Luxshare Precision Industry Co., Ltd during Electronica China 2021 at the Shanghai New International Exhibition Center on April 14, 2021 in Shanghai, China. Visual China Group | Getty Images Luxshare Precision Industry shares fell more than 5% in their Hong Kong trading debut on Thursday after an apple the supplier&#8217;s &hellip;<\/p>\n","protected":false},"author":1,"featured_media":2431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","footnotes":""},"categories":[10],"tags":[628,64,629,998,630,997],"class_list":["post-2430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-apple-inc","tag-business-news","tag-latest-news-technology","tag-shenzhen","tag-technology","tag-tim-cook"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2430"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/media\/2431"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}