As stated in the prospectus, Luxshare is providing investors with 383.5 million shares priced at a maximum of HK$63.28 ($8) each. According to Bloomberg, this reflects a 16% reduction from the closing price on the Shenzhen Stock Exchange. On June 29, Luxshare shares were valued at 65.3 yuan ($9.6). On June 30, they climbed 7.8% to 70.4 yuan ($10.3).
Anchor investors have committed to buying $1.5 billion in Luxshare stock. This list features Tencent Holdings, the major Chinese tech company, Temasek Holdings, Asia's top investment firm, Singapore's GIC sovereign wealth fund, along with investors Hillhouse Investment and Millennium Management.
Founded in 2004, Luxshare began as a producer of components for consumer electronics. Its operations later grew to include automotive electronics, telecommunications, and artificial intelligence data centers.
Luxshare is presently investigating possibilities in fields like AI gadgets, 3D printing, and robotics. A few years back, Luxshare obtained Wistron's iPhone production division, making it the first company from mainland China to assemble Apple's leading product. The company is also the biggest producer of AirPods headphones globally.
source: bloomberg.com
Anchor investors have committed to buying $1.5 billion in Luxshare stock. This list features Tencent Holdings, the major Chinese tech company, Temasek Holdings, Asia's top investment firm, Singapore's GIC sovereign wealth fund, along with investors Hillhouse Investment and Millennium Management.
Founded in 2004, Luxshare began as a producer of components for consumer electronics. Its operations later grew to include automotive electronics, telecommunications, and artificial intelligence data centers.
Luxshare is presently investigating possibilities in fields like AI gadgets, 3D printing, and robotics. A few years back, Luxshare obtained Wistron's iPhone production division, making it the first company from mainland China to assemble Apple's leading product. The company is also the biggest producer of AirPods headphones globally.
source: bloomberg.com
