Apple supplier Luxshare Precision Industry raised approximately $3.1 billion (HK$24.3 billion) in Hong Kong’s largest IPO of 2026.
The company assembles key products including iPhones and AirPods.
Luxshare priced its shares at HK$63.28, representing the top of the marketed range.
The stock dropped as much as 9.6% during intraday trading on Thursday.
Shares recovered some losses to close at HK$62.30.
The closing price reflects a 1.55% decline from the initial offering.
Broader market volatility and a crowded listing schedule pressured the opening performance.