--- title: "Apple supplier LINGYI ITECH completes HKD 8.3 billion stock issuance transaction and will be listed on the Hong Kong Stock Exchange today" type: "News" locale: "en" url: "https://longbridge.com/en/news/290890368.md" description: "Apple supplier LINGYI ITECH completed a stock issuance of HKD 8.3 billion at an issue price of HKD 10.18 per share, which will debut on the Hong Kong Stock Exchange on Friday. This issuance attracted cornerstone investors such as GF Fund, with the dark market once rising by 22%. As the largest listing transaction in Hong Kong since April this year, it is priced at a discount of 51% to the closing price of A-shares, reflecting the new stock issuance scale of over USD 5 billion this month and the IPO boom in technology stocks" datetime: "2026-06-26T00:01:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290890368.md) - [en](https://longbridge.com/en/news/290890368.md) - [zh-HK](https://longbridge.com/zh-HK/news/290890368.md) --- # Apple supplier LINGYI ITECH completes HKD 8.3 billion stock issuance transaction and will be listed on the Hong Kong Stock Exchange today In the month with the highest number of listings in Hong Kong this year, Chinese electronic device manufacturer LINGYI ITECH raised HKD 8.3 billion (USD 1.06 billion) through a stock issuance and will debut on the local exchange on Friday. The Apple supplier, which is already listed in Shenzhen, set the issuance price at HKD 10.18 per share, at the top of the indicative range, attracting cornerstone investors including GF Fund, Qube Research & Technologies, and Value Partners Group. The stock rose 22% at one point in the gray market on Thursday. The issuance price represents a 51% discount to the closing price of the company's A shares on Thursday. This is the largest listing in Hong Kong since April this year, with new stock issuance in the local market expected to exceed USD 5 billion this month. More than 20 companies went public in June, racing to update their performance reports. With a wave of tech companies entering the market, this year's IPO market in Hong Kong has been exceptionally hot. Research estimates that the total amount raised through stock listings in Hong Kong this year will exceed USD 43 billion, setting a six-year high. As a long-term supplier of smartphone components, LINGYI ITECH is betting on AI hardware and humanoid robots, aiming to seize the growing demand for devices such as smart glasses, foldable devices, and computing servers as China's industrial focus shifts to higher-value, technology-driven fields. The company expects its net profit to grow by 42% to CNY 2.6 billion in 2025, with revenue increasing by 16% to CNY 51.4 billion, primarily driven by upgrades in AI-driven terminal hardware. In the first quarter of this year, growth in the automotive and advanced air mobility sectors further boosted its revenue by 10%, although net profit declined due to foreign exchange losses. According to the prospectus, LINGYI ITECH plans to use part of the proceeds to expand its manufacturing capabilities in emerging fields, including AI computing servers, humanoid robot hardware, and assembly. On the same day, five other companies also went public, including chip manufacturer Shengbang Co., Ltd., chip manufacturing equipment supplier Chipbond Technology, and Indonesian miner PT Merdeka Gold Resources ### Related Stocks - [01688.HK](https://longbridge.com/en/quote/01688.HK.md) - [002600.CN](https://longbridge.com/en/quote/002600.CN.md) - [00806.HK](https://longbridge.com/en/quote/00806.HK.md) - [300661.CN](https://longbridge.com/en/quote/300661.CN.md) - [03661.HK](https://longbridge.com/en/quote/03661.HK.md) - [688630.CN](https://longbridge.com/en/quote/688630.CN.md) - [09630.HK](https://longbridge.com/en/quote/09630.HK.md) - [06228.HK](https://longbridge.com/en/quote/06228.HK.md) ## Related News & Research - [Hong Kong's 'Hard Tech' Boom Is a Chaotic Mix of Real AI Hardware and Desperate Corporate Pivots](https://longbridge.com/en/news/290939355.md) - [An Interview with Barchart's AI Market Analyst CARL](https://longbridge.com/en/news/290709753.md) - [1 of the Most Interesting AI Stocks in the Market Isn’t a Tech Company](https://longbridge.com/en/news/290606417.md) - [AllianceBernstein's CEO says you should be worried about an AI bubble](https://longbridge.com/en/news/291029816.md) - [This new research challenges nearly every big AI narrative of 2026](https://longbridge.com/en/news/290939534.md)