<div id="readability-page-1"><div id="ArticleBody-InlineImage-107089528"><div><div><p>People visit the booth of Luxshare Precision Industry Co., Ltd during Electronica China 2021 at Shanghai New International Expo Centre on April 14, 2021 in Shanghai, China.</p><p>Visual China Group | Getty Images</p></div></div></div><div><p>Shares of Luxshare Precision Industry fell more than 5% in their Hong Kong trading debut Thursday, as investors cheered the market entry of the <span id="RegularArticle-QuoteInBody-1">Apple<span><span id="-WatchlistDropdown"></span></span></span> supplier.</p><p>The company, which is already listed in Shenzhen, had priced shares in the IPO at 63.28 Hong Kong dollars apiece, raising HK$24.27 billion ($3.09 billion). The stock was trading at HK$60 in early trading.</p><p>From being an assembler of Apple's AirPods, Luxshare has evolved into a supplier of parts for a broader set of consumer and automotive electronics and communications products.</p><p>Apple accounts for approximately 70% of Luxshare's revenue, according to PitchBook. </p><p>A long-standing fixture on the Shenzhen Stock Exchange since 2010, the company closed at 62.47 yuan on Wednesday, down 1.28%.</p><p>Luxshare's revenue hit 332.34 billion yuan in 2025, up from 268.79 billion yuan in 2024, as per its prospectus, with consumer electronics accounting for 79.5%, automotive electronics 11.8% and communications and data centers at 7.4%.</p><p>The company has a track record of acquisitions, aligning its capabilities with its core business, and indicated that it may evaluate various acquisition and strategic partnership opportunities going forward that could enhance its capabilities. Notably, it increased its controlling stake in German automotive cable and harness specialist Leoni AG to 74.9% as of April 2026. </p><p>Luxshare was founded in 2004  by entrepreneur Wang Laichun, who currently leads the company as CEO. While listed, it is a family-controlled business, with Wang's brother, Wang Laisheng, serving as vice chairman. </p><p>Luxshare joins a high-profile wave of Hong Kong IPOs this week, alongside autonomous-driving startup Momenta and semiconductor foundry Nexchip<strong>.</strong><br/></p></div><div><p>Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.</p></div></div>

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<p>Luxshare Precision Industry shares fell over 5% in their Hong Kong debut, trading at HK$60 after an IPO price of HK$63.28. The Shenzhen-listed Apple supplier raised HK$24.27 billion. Revenue reached 332.34 billion yuan in 2025, with consumer electronics comprising nearly 80%. The company, founded by Wang Laichun, continues to expand via acquisitions like Leoni AG and joins other major Hong Kong listings this week.</p>

- Luxshare Precision Industry Co., Ltd experienced a 5% drop in share price during its trading debut in Hong Kong, despite raising HK$24.27 billion ($3.09 billion) with shares priced at 63.28 Hong Kong dollars.  
- The company, heavily reliant on Apple for 70% of its revenue, reported a revenue increase to 332.34 billion yuan in 2025, with plans to explore acquisitions to enhance its capabilities.  
- Founded in 2004 by Wang Laichun, Luxshare has evolved from an assembler to a significant supplier in consumer and automotive electronics, joining a wave of high-profile IPOs.

AirPods maker Luxshare slides over 5% in Hong Kong debut