Apple supplier Luxshare drops 4% in Hong Kong debut
Shares in Chinese electronics manufacturer Luxshare dropped by more than four percent in its Hong Kong debut on Thursday, after raising around US$3.1 billion to become the finance hub’s largest listing this year.
Luxshare Precision Industry priced its shares at HK$63.3 each, in hopes of raising funds to upgrade its production bases and smart manufacturing capabilities.
But the company’s shares fell to HK$60.6 during morning trading.
