AirPods maker Luxshare debuts on Hong Kong exchange with over 5% drop
Luxshare Precision Industry, a key Apple supplier, saw its stock fall by more than 5% in its Hong Kong trading debut on Thursday. The company raised approximately $3.09 billion in its IPO.
Luxshare Precision Industry, a major assembler of Apple's AirPods, experienced a more than 5% decline in its share price during its first day of trading on the Hong Kong Stock Exchange. The company successfully raised approximately $3.09 billion through its Initial Public Offering (IPO).
The company priced its IPO shares at HK$63.28 apiece. Luxshare, already listed on the Shenzhen Stock Exchange since 2010, sought to expand its investor base and market reach with the Hong Kong listing.
Apple represents a significant portion of Luxshare's revenue, accounting for roughly 70% of the company's sales. While AirPods assembly is a core business, Luxshare has diversified its product portfolio to include components for a wider range of consumer electronics, automotive electronics, and communication devices.
Luxshare has demonstrated a strategy of growth through acquisitions, notably increasing its stake in German automotive supplier Leoni AG. The company reported revenue of 332.34 billion yuan in 2025, with consumer electronics making up nearly 80% of that total.