IPO Timeline Raw facts
Broker Deadline
2026-07-06
Morning deadline
HKEX Deadline
2026-07-06
Noon deadline
Broker Results (T-2)
2026-07-07
Some brokers release in afternoon
Grey Market (T-1)
2026-07-08
Afternoon
HKEX Allotment (T-1)
2026-07-08
Evening
Registrar Allotment (T-1)
2026-07-08
Evening
Listing Day (T)
2026-07-09
First day of trading
Cross-Market Price Comparison
| Other Listed Market | Shenzhen (SZSE) |
|---|---|
| Other Market Stock Code | 002475 |
| H-Share Offer Price | HK$ 63.28 |
| Other Market Price | Loading... |
| Reference Exchange Rate | Loading... |
| H-Share Offer Price Premium/Discount vs Other Market | Loading... |
Company Overview
| Stock Name | Luxshare Ict |
|---|---|
| Stock Code | 02475 |
| Company Full Name | Luxshare Precision Industry Co., Ltd. |
| Industry | 精密智造 |
| Principal Activities | Providing global customers in markets such as consumer electronics, automotive electronics, communications and data centers with cross-domain vertically integrated development and smart manufacturing solutions ranging from precision components and modules to systems. |
| Listing Date | 2026-07-09 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國 廣東省 東莞市 清溪鎮 北環路313號 |
| Business Address (Hong Kong) | 中國香港 銅鑼灣 希慎道33號 利園一期19樓1901室 |
| Place of Incorporation | China |
| Listing Method | Global Offering |
| Listing Board | Main Board |
| Website | www.luxshare-ict.com |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | 卓佳证券登记有限公司，香港金钟道89号力宝中心1座31楼3101-3103室 |
| A-Share/US Dual Listing | Yes (A股) |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 63.28 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 100 shares |
| Entry Threshold | HK$ 6,328 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2026-06-30 to 2026-07-06 |
| Global Offering Shares | 383,472,800 shares |
| HK Public Offer Shares (Initial) | 38,347,300 shares (10.0%) |
| Public Offer Lots (Initial) | 383,473lots (191,736lots, 191,737lots) |
| International Placing Shares (Initial) | 345,125,500 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 7,701,730,624 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | GOLDMAN SACHS (ASIA) L.L.C. CE ACC536 |
| Cornerstone Share | 61.2% |
| Clawback Tiers | To be extracted |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 24,266,158,784 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 6,328 |
| 2 lots | 200 | HK$ 12,656 |
| 3 lots | 300 | HK$ 18,984 |
| 4 lots | 400 | HK$ 25,312 |
| 5 lots | 500 | HK$ 31,640 |
| 6 lots | 600 | HK$ 37,968 |
| 7 lots | 700 | HK$ 44,296 |
| 8 lots | 800 | HK$ 50,624 |
| 9 lots | 900 | HK$ 56,952 |
| 10 lots | 1,000 | HK$ 63,280 |
| 15 lots | 1,500 | HK$ 94,920 |
| 20 lots | 2,000 | HK$ 126,560 |
| 25 lots | 2,500 | HK$ 158,200 |
| 30 lots | 3,000 | HK$ 189,840 |
| 35 lots | 3,500 | HK$ 221,480 |
| 40 lots | 4,000 | HK$ 253,120 |
| 45 lots | 4,500 | HK$ 284,760 |
| 50 lots | 5,000 | HK$ 316,400 |
| 60 lots | 6,000 | HK$ 379,680 |
| 70 lots | 7,000 | HK$ 442,960 |
| 80 lots | 8,000 | HK$ 506,240 |
| 90 lots | 9,000 | HK$ 569,520 |
| 100 lots | 10,000 | HK$ 632,800 |
| 200 lots | 20,000 | HK$ 1,265,600 |
| 300 lots | 30,000 | HK$ 1,898,400 |
| 400 lots | 40,000 | HK$ 2,531,200 |
| 500 lots | 50,000 | HK$ 3,164,000 |
| 600 lots | 60,000 | HK$ 3,796,800 |
| 700 lots | 70,000 | HK$ 4,429,600 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 800 lots | 80,000 | HK$ 5,062,400 |
| 900 lots | 90,000 | HK$ 5,695,200 |
| 1,000 lots | 100,000 | HK$ 6,328,000 |
| 2,000 lots | 200,000 | HK$ 12,656,000 |
| 3,000 lots | 300,000 | HK$ 18,984,000 |
| 4,000 lots | 400,000 | HK$ 25,312,000 |
| 5,000 lots | 500,000 | HK$ 31,640,000 |
| 6,000 lots | 600,000 | HK$ 37,968,000 |
| 7,000 lots | 700,000 | HK$ 44,296,000 |
| 8,000 lots | 800,000 | HK$ 50,624,000 |
| 9,000 lots | 900,000 | HK$ 56,952,000 |
| 10,000 lots | 1,000,000 | HK$ 63,280,000 |
| 20,000 lots | 2,000,000 | HK$ 126,560,000 |
| 30,000 lots | 3,000,000 | HK$ 189,840,000 |
| 40,000 lots | 4,000,000 | HK$ 253,120,000 |
| 50,000 lots | 5,000,000 | HK$ 316,400,000 |
Stock Connect Inclusion
| HK Market Cap | HK$ 21.44B |
|---|
| Inclusion Pathway | A+H 有绿鞋（30天入通） |
|---|---|
| Est. Threshold | --- Met |
| Analysis Result | 超额配股权失效后纳入（上市后约30日） |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 487,365,513,886 |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not disclosed |
| Profit/Loss Status | Net profit RMB 18,170.2 million |
| Period-End Cash Balance | RMB 59,340.6 million |
| Listing Expenses | ~HK$ 227,100,000 |
| Listing Expenses / Funds Raised | ~0.9% |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | Loading... |
|---|
Use of Proceeds
| Use of Proceeds | Approximately 35% will be used for expanding production capacity and upgrading production bases, approximately 30% for technology research and development and enhancing intelligent manufacturing, approximately 15% for investing in upstream and downstream industries, approximately 10% for repaying bank borrowings, and approximately 10% for working capital. |
|---|
Underwriting Syndicate
Joint Sponsors (3)
Sponsor cum Overall Coordinator (3)
Overall Coordinators (3)
Joint Global Coordinators (6)
Joint Bookrunners (6)
Joint Lead Managers (6)
Capital Market Intermediaries (6)
Stabilizing Manager (1)
GOLDMAN SACHS (ASIA) L.L.C. CE ACC536
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
欧华律师事务所 汉坤律师事务所 明永联合法律事务所 Sheppard, Mullin, Richter & Hampton LLP |
| Legal Advisor to Sponsors/Underwriters |
史密夫斐尔凯迈律师事务所 Zhong Lun Law Firm |
| Auditor and Reporting Accountant | 香港立信德豪会计师事务所有限公司 |
| Industry Advisor | Frost & Sullivan (Beijing) Inc., Shanghai Branch Co. |
| Receiving Banks | CMB Wing Lung Bank Limited |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | 淡馬錫 | 200,000,000 USD | 24,765,100 | 6.46% | 0.32% | 6 months | 2027-01-09 |
| 2 | 太白 | 160,000,000 USD | 19,812,100 | 5.17% | 0.26% | 6 months | 2027-01-09 |
| 3 | True Light | 40,000,000 USD | 4,953,000 | 1.29% | 0.06% | 6 months | 2027-01-09 |
| 4 | HHLRA | 200,000,000 USD | 24,765,100 | 6.46% | 0.32% | 6 months | 2027-01-09 |
| 5 | HHLRA（為CPP Investments一項SMA的投資經理） | 15,000,000 USD | 1,857,300 | 0.48% | 0.02% | 6 months | 2027-01-09 |
| 6 | GIC | 150,000,000 USD | 18,573,800 | 4.84% | 0.24% | 6 months | 2027-01-09 |
| 7 | CPE Neem | 75,000,000 USD | 9,286,900 | 2.42% | 0.12% | 6 months | 2027-01-09 |
| 8 | 香港景林 | 70,000,000 USD | 8,667,800 | 2.26% | 0.11% | 6 months | 2027-01-09 |
| 9 | Foresight Funds | 70,000,000 USD | 8,667,800 | 2.26% | 0.11% | 6 months | 2027-01-09 |
| 10 | ADIA | 45,000,000 USD | 5,572,100 | 1.45% | 0.07% | 6 months | 2027-01-09 |
| 11 | UBS AM Singapore | 45,000,000 USD | 5,572,100 | 1.45% | 0.07% | 6 months | 2027-01-09 |
| 12 | Oaktree | 45,000,000 USD | 5,572,100 | 1.45% | 0.07% | 6 months | 2027-01-09 |
| 13 | Eastspring | 45,000,000 USD | 5,572,000 | 1.45% | 0.07% | 6 months | 2027-01-09 |
| 14 | Eastspring SG | 37,500,000 USD | 4,643,400 | 1.21% | 0.06% | 6 months | 2027-01-09 |
| 15 | Eastspring HK | 7,500,000 USD | 928,600 | 0.24% | 0.01% | 6 months | 2027-01-09 |
| 16 | First Sentier Investors | 45,000,000 USD | 5,572,100 | 1.45% | 0.07% | 6 months | 2027-01-09 |
| 17 | First Sentier Investors HK | 43,900,000 USD | 5,434,300 | 1.42% | 0.07% | 6 months | 2027-01-09 |
| 18 | First Sentier Investors SG | 1,100,000 USD | 137,800 | 0.04% | 0.00% | 6 months | 2027-01-09 |
| 19 | 廣發基金 | 45,000,000 USD | 5,572,100 | 1.45% | 0.07% | 6 months | 2027-01-09 |
| 20 | 廣發基金管理 | 25,000,000 USD | 3,095,600 | 0.81% | 0.04% | 6 months | 2027-01-09 |
| 21 | 廣發基金香港 | 20,000,000 USD | 2,476,500 | 0.64% | 0.03% | 6 months | 2027-01-09 |
| 22 | 匯添富（香港） | 45,000,000 USD | 5,572,100 | 1.45% | 0.07% | 6 months | 2027-01-09 |
| 23 | 博時國際 | 45,000,000 USD | 5,572,100 | 1.45% | 0.07% | 6 months | 2027-01-09 |
| 24 | 富達國際 | 30,000,000 USD | 3,714,700 | 0.97% | 0.05% | 6 months | 2027-01-09 |
| 25 | 惠理 | 30,000,000 USD | 3,714,700 | 0.97% | 0.05% | 6 months | 2027-01-09 |
| 26 | VPHKL | 26,100,000 USD | 3,231,800 | 0.84% | 0.04% | 6 months | 2027-01-09 |
| 27 | VPL | 3,900,000 USD | 482,900 | 0.13% | 0.01% | 6 months | 2027-01-09 |
| 28 | 泰康人壽 | 30,000,000 USD | 3,714,700 | 0.97% | 0.05% | 6 months | 2027-01-09 |
| 29 | 騰訊 | 30,000,000 USD | 3,714,700 | 0.97% | 0.05% | 6 months | 2027-01-09 |
| 30 | Huang River | 24,000,000 USD | 2,971,800 | 0.77% | 0.04% | 6 months | 2027-01-09 |
| 31 | Prosper High | 6,000,000 USD | 742,900 | 0.19% | 0.01% | 6 months | 2027-01-09 |
| 32 | Mirae投資者 | 30,000,000 USD | 3,714,700 | 0.97% | 0.05% | 6 months | 2027-01-09 |
| 33 | Mirae Securities | 5,000,000 USD | 619,100 | 0.16% | 0.01% | 6 months | 2027-01-09 |
| 34 | Mirae Asset | 25,000,000 USD | 3,095,600 | 0.81% | 0.04% | 6 months | 2027-01-09 |
| 35 | Perseverance Asset Management | 30,000,000 USD | 3,714,700 | 0.97% | 0.05% | 6 months | 2027-01-09 |
| 36 | 嘉實 | 30,000,000 USD | 3,714,700 | 0.97% | 0.05% | 6 months | 2027-01-09 |
| 37 | Millennium | 30,000,000 USD | 3,714,700 | 0.97% | 0.05% | 6 months | 2027-01-09 |
| 38 | WT Asset Management | 30,000,000 USD | 3,714,700 | 0.97% | 0.05% | 6 months | 2027-01-09 |
| 39 | MY.Alpha | 30,000,000 USD | 3,714,700 | 0.97% | 0.05% | 6 months | 2027-01-09 |
| 40 | Polymer | 30,000,000 USD | 714,700 | 0.97% | 0.05% | 6 months | 2027-01-09 |
Directors & Management
| Chairman | 王來春 |
|---|---|
| Company Secretary | 肖雲兮、梁慧欣 |
Executive Director (5)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 王來春 | — | Executive Director |
| 2 | 王來胜 | — | Executive Director |
| 3 | 錢繼文 | — | Executive Director |
| 4 | 郝杰 | — | Executive Director |
| 5 | 陳蔚航 | — | Executive Director |
Independent Non-Executive Director (3)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 侯玲玲 | — | Independent Non-Executive Director |
| 2 | 劉中華 | — | Independent Non-Executive Director |
| 3 | 宋宇紅 | — | Independent Non-Executive Director |
Major Shareholders
| Major Shareholders & Holdings | Luxshare Limited holds 35.47% of the shares, and Ms. Wang Laichun and Mr. Wang Laisheng, through Luxshare Limited and direct shareholdings, together control approximately 35.47% and 0.26% of the shares. |
|---|
