New IPO News | 'Global leader in precision intelligent manufacturing solutions provider' Luxshare Precision has launched its IPO, scheduled to list on July 9, with a minimum subscription amount of HK$6,391.82 per board lot

Futu News, June 30: $LUXSHARE ICT (02475.HK)$ The company announced that the IPO subscription period will run from June 30 to July 6. It plans to globally offer approximately 383 million shares, with listing expected on July 9.

Company Overview

According to Frost & Sullivan, based on revenue in 2025, Luxshare Precision is the largest precision intelligent manufacturing solutions (PIMS) provider in mainland China and the fifth-largest globally. As an innovative technology company, it is committed to delivering cross-domain, vertically integrated development and intelligent manufacturing solutions—from precision components and modules to full systems—for global clients across consumer electronics, automotive electronics, communications and data centers, and other end markets.

The company has built a full-stack development and intelligent manufacturing platform, deeply engaging in all lifecycle stages of its clients’ products—including design, R&D, production, and after-sales services—acting as a 'ferryman' to empower leading global brands across key sectors. These include ten of the world’s top consumer electronics brands, five major automotive electronics brands, five leading communications and data center brands, and over 100 Fortune Global 500 companies.

Financial Summary

Luxshare Precision reported revenues of RMB 231.9 billion, RMB 268.8 billion, and RMB 332.3 billion in 2023, 2024, and 2025, respectively. Between 2023 and 2025, the automotive electronics and communications & data center segments experienced rapid revenue growth, with compound annual growth rates of 106.0% and 30.0%, respectively. Net profit for the same years amounted to RMB 12.2 billion, RMB 14.6 billion, and RMB 18.2 billion, respectively.

Source: Prospectus

Use of Proceeds

Regarding the use of proceeds, Luxshare Precision expects the net proceeds from the global offering to be approximately HK$24 billion (assuming the over-allotment option is not exercised and calculated at the maximum offer price of HK$63.28 per share). According to the prospectus, Luxshare Precision intends to allocate the funds raised from the global offering as follows:

Approximately 35% will be allocated to expand the company's production capacity and upgrade its existing manufacturing facilities; approximately 30% will be invested in research and development to refine manufacturing processes and enhance smart manufacturing capabilities; approximately 15% will be used to invest in high-quality targets in upstream and downstream industries or related sectors; approximately 10% will be used to repay certain existing interest-bearing bank borrowings utilized for working capital purposes, thereby optimizing the company’s capital structure, reducing financial expenses, and strengthening overall risk resilience and future financing flexibility; and approximately 10% will be used for working capital and other general corporate purposes.

Further reading:Luxshare Precision Prospectus

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Editor/Joe

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