Apple supplier Luxshare leads lukewarm IPOs in Hong Kong as investors get picky
HONG KONG: Shares of Luxshare Precision Industry led losses among IPO debutants in Hong Kong on Thursday after raising HK$24.27 billion ($3.10 billion) in the city’s biggest listing this year, as investors became more selective amid a fundraising rush and rising volatility.
The stock dropped as much as 9.6% to a low of HK$57.2 compared with its offer price of HK$63.28. At market close, it last traded at HK$60 a share.
