AirPods maker Luxshare slides over 5% in Hong Kong debut
CNBC·- Luxshare Precision Industry Co., Ltd experienced a 5% drop in share price during its trading debut in Hong Kong, despite raising HK$24.27 billion ($3.09 billion) with shares priced at 63.28 Hong Kong dollars. - The company, heavily reliant on Apple for 70% of its revenue, reported a revenue increase to 332.34 billion yuan in 2025, with plans to explore acquisitions to enhance its capabilities. - Founded in 2004 by Wang Laichun, Luxshare has evolved from an assembler to a significant supplier in consumer and automotive electronics, joining a wave of high-profile IPOs.