Luxshare Precision falls more than 5% on debut listing

Luxshare Precision (2475.HK) fell more than 5% in Hong Kong trading to HK$60.00, marking its first day of listing on the Stock Exchange of Hong Kong. The company officially debuted on July 9, 2026, with an initial offering price of HK$63.28.

The stock faced pressure following a midday decline of 188 points in the broader Hang Seng Index, driven by escalating Middle East tensions. The IPO raised approximately HK$24 billion net proceeds, with cornerstone investors including Temasek and other prominent institutions. Funds will be allocated for capacity expansion, technology research and development, and upstream-downstream layout.