"The Fruit Chain Boss" breaks below issue price on the first day! The richest woman from Chaoshan bets 24 billion on AI

On July 9th, LUXSHARE ICT's stock price fell on its first day of listing on the Hong Kong Stock Exchange, closing down 1.55%. Despite having a top-tier cornerstone investor lineup and being oversubscribed nearly 10 times, the market holds a cautious attitude towards its valuation due to the IPO price being close to the A-share discount space and over half of its revenue still relying on Apple. Founder Wang Laichun's wealth ranks among the top globally, and the company is attempting to shed its "Apple supply chain OEM" label to transform into AI, but the road to transformation remains challenging