Apple supplier Luxshare drops 4% in Hong Kong debut

Short summary

Apple supplier Luxshare fell over 4% in its Hong Kong trading debut after raising approximately US$3.1 billion, marking the city's largest IPO this year. The Hong Kong exchange also welcomed five other Chinese technology and manufacturing firms on the same day, including electronic components maker Chaozhou Three-Circle and drill bits producer Dtech Technology. The wave of listings signals renewed activity in Hong Kong's capital markets despite Luxshare's soft opening.

• •Luxshare dropped 4%+ in Hong Kong debut after raising US$3.1B — the city's largest listing this year
• •Five other Chinese tech and manufacturing firms also debuted on the HKEX the same day
• •The cluster of listings points to recovering IPO activity in Hong Kong

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