StartupsCNBC Techabout 2 hours ago
Luxshare slides 5% in Hong Kong debut
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Luxshare Precision Industry shares fell over 5% in their Hong Kong debut Thursday, trading at HK$60 after pricing at HK$63.28. The Apple supplier raised HK$24.27 billion ($3.09 billion) in the IPO. Apple accounts for approximately 70% of Luxshare's revenue. The company also holds a 74.9% stake in Leoni AG.
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