Chinese tech manufacturers rush to list in Hong Kong, seeking nearly $6 billion
Five Chinese technology and advanced manufacturing companies launched Hong Kong listings on Tuesday to raise up to HK$44.1 billion ($5.6 billion), one of the busiest days for new share sales this year, according to their company filings.
The biggest of the five offerings is Shenzhen-listed Apple supplier Luxshare Precision Industry, looking to raise up to HK$24.27 billion ($3.15 billion) after contemplating a Hong Kong listing for more than a year.
The rush of new deals announced on Tuesday adds to a run of Chinese companies turning to Hong Kong for fresh capital as Beijing encourages more domestic champions to list close to home.
