WSJ Tech News Briefing · Tuesday, June 30, 2026
Luxshare Precision Industry, an assembler of iPhones and other Apple products, is exploring a $3.1 billion listing in Hong Kong, potentially the largest of the year. The Chinese company has secured significant backing from cornerstone investors, including Temasek and Abu Dhabi Investment Authority. Luxshare intends to use the proceeds for production expansion and research, anticipating substantial growth in its data center business.
“And Apple supplier Luxshare Precision Industry is gauging investor interest for a $3.1 billion Hong Kong listing, which would be the largest so far this year.”
“The Chinese company, which assembles iPhones and other Apple products, has already secured nearly half the offering size from more than two dozen cornerstone investors, including Singapore's Temasek and Middle Eastern sovereign wealth fund Abu Dhabi Investment Authority.”
“Luxshare plans to spend most of the proceeds on expanding production capacity and research, and also expects Luxshare's data center business to experience major growth between now and next year.”