Luxshare Precision Industry has priced its Hong Kong share offering at the top of its marketed range, a sign of strong investor appetite.
Luxshare, one of Apple's largest suppliers, set the price at HK$63.28 a share, or about $8.06.
The Shenzhen-listed manufacturer aims to raise roughly $3.1 billion by selling 383.5 million shares.
The company makes routers, wireless charging modules and video-conferencing equipment, and was founded by Wang Laichun.
Luxshare said in its prospectus that it would use the proceeds to expand manufacturing capacity in automotive and consumer electronics.
The funds will also pay for factory upgrades driven by artificial intelligence, repay debt and support day-to-day operations.
A significant portion is earmarked for automotive electronics, an area the company is pushing into as it seeks to diversify beyond consumer devices.
The timing reflects a broader mood in global markets.
"Luxshare's HK IPO is interesting because it comes at a time when global equity markets are still riding the AI euphoria," said Lukman Leong, analyst at Doo Financial Futures.
That enthusiasm has made Hong Kong an increasingly busy venue for share sales.
Luxshare's listing was one of five Chinese technology and advanced manufacturing deals launched in the city last week.
It follows a strong first half of 2026, during which new listings in Hong Kong raised about $22.45 billion, according to data from LSEG, the financial data provider.
That figure is up nearly 57% on the same period a year earlier.
Luxshare said it expects to reveal the level of investor demand for its international offering on 8 July.
Trading of the new shares is scheduled to begin on 9 July.
