【New Stock IPO】“iPhone supply chain’s three major players” Luxshare Precision 2475 sets the offer price at 63.28 yuan per share　News: 47,000 people entered via the allocation, and it was oversubscribed by 3.8 times

One of the “three giants” of the iPhone supply chain, Luxshare Precision (new listing number: 02475), has ended its share subscription and is expected to list on July 9. Market chatter says its public portion attracted 47,000 entrants to place bids, oversubscribed by 3.8 times, involving HK$9.34 billion. Luxshare Precision announced the offer price at HK$63.28 per H share.

If counting only the broker margin subscription portion, it received HK$6 billion in subscriptions; compared with the public offering of HK$2.427 billion, the subscription was oversubscribed by 1.5 times.

Luxshare Precision filed its prospectus from June 30 to July 6, planning a global offering of 383 million H shares, with the public offering accounting for 10%. The maximum offer price is HK$63.28 per share, raising up to HK$24.266 billion.

A lot for Luxshare Precision is 100 shares; the entry fee is HK$6,391.82. The joint sponsors are CITIC Securities, Goldman Sachs, and CICC.

Luxshare Precision’s A shares (Shenzhen: 002475) closed at RMB 64.44 on July 3, equivalent to HK$74.36, implying a theoretical H-share price level of 17.5%.

Major anchor investors including Temasek, GIC, and Abu Dhabi Investment Authority subscribe US$1.5 billion

Luxshare Precision will introduce 26 cornerstone investors, including Temasek, True Light, HHLRA, Singapore’s Government Investment Corporation (GIC), Jinglin Asset Management, Abu Dhabi Investment Authority (ADIA), Oak Capital, GF Fund Management, Fidelity International, and others, for a total subscription of US$1.5 billion, about 186 million shares, representing about 48.4% of the H shares.

According to data from Frost & Sullivan, based on 2025 revenue, Luxshare Precision, the largest PIMS provider in Mainland China and the global No. 5 in precision intelligent manufacturing solutions (PIMS), ranks No. 2 globally and No. 1 in Mainland China in the consumer electronics components and module PIMS market, with a global market share of 11.2%.

Luxshare Precision plans to use the proceeds from the listing to:

• (i) about 35% to expand capacity and upgrade existing production bases;

• (ii) about 30% to invest in technology research and development, improve manufacturing processes, and enhance intelligent manufacturing capabilities;

• (iii) about 15% to invest in high-quality targets in upstream and downstream industries or related industries;

• (iv) about 10% to repay certain existing interest-bearing bank borrowings;

• (v) about 10% for working capital and other general corporate purposes.

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Source: Luxshare Precision prospectus documents