Reportedly Prices Luxshare ICT IPO at Upper End of HKD63.28 Per Share

Luxshare ICT closed its Hong Kong public offering, pricing shares at the upper end of HKD63.28 to raise approximately HKD24.3 billion. This price reflects a ~13% discount to its A-share closing price. The offering saw preliminary oversubscription of 3.81x with around 47,000 subscribers. Luxshare ICT is scheduled to list on Thursday, with CITIC Securities, Goldman Sachs, and CICC serving as joint sponsors.

Apple Inc. (AAPL.US) supplier Luxshare ICT (02475.HK) closed its Hong Kong public offering at noon yesterday (6th). According to sources cited by Bloomberg, Luxshare ICT plans to price its shares at the upper end of HKD63.28 per share, and is expected to raise HKD24.3 billion. The pricing represents a discount of about 13% to the closing price of LUXSHARE PRECISION (002475.SZ) 0.000 (0.000%) A shares yesterday at RMB62.88.

In addition, market sources said the public offering is preliminarily expected to record an oversubscription of 3.81x, with around 47,000 subscribers.

Luxshare ICT is expected to list on Thursday (9th), with CITIC Securities, G Sachs and CICC acting as joint sponsors. (mn/j)(HK stocks quote is delayed for at least 15 mins.) (A Shares quote is delayed for at least 15 mins.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)