Market Chatter: Luxshare Precision Industry Eyes Up to $3 Billion in Hong Kong Listing

MT Newswires Live06-16

Luxshare Precision Industry (SHE:002475) is expected to launch its Hong Kong initial public offering as early as next month, seeking to raise up to $3 billion, The Standard reported, citing IFR.

The Shenzhen-listed company said last week that it had applied to issue overseas-listed foreign shares and list them on the main board of the Hong Kong Stock Exchange.

It has also reportedly received approval from the China Securities Regulatory Commission for the proposed offering.

Luxshare plans to issue no more than 441 million overseas-listed ordinary shares in the offering, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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