Five Chinese technology and manufacturing firms launched Hong Kong listings on Tuesday. The group aims to raise a combined total of up to $5.6 billion (HK$44.1 billion).
This marks one of the most active days for Hong Kong share sales this year. Listing proceeds for the first half of the year increased nearly 57% year-over-year.
Apple supplier Luxshare Precision Industry leads the offerings, seeking up to $3.15 billion (HK$24.27 billion). The surge follows a Beijing-encouraged trend of Chinese companies pursuing listings closer to home.
Other participating firms include Chaozhou Three-Circle, Nexchip Semiconductor, and Guangdong Dtech Technology. Luxshare shares are expected to begin trading on July 9.