MarketPR
Shares in Luxshare, the Shenzhen-listed AirPods manufacturer, closed below the IPO price in a tepid Hong Kong debut.
The company had priced the offering at HK$63.28 per share and raised HK$24.27 billion, equivalent to $3.09 billion. That HK$63.28 level now anchors every conversation about the stock in the sessions ahead.
The IPO print Luxshare raised HK$24.27 billion ($3.09 billion) in a listing that establishes a second public trading venue alongside the company's existing Shenzhen board.
The offer price of HK$63.28 per share set the terms. With both a Hong Kong and a Shenzhen quote now on the board, price discovery splits across two markets with different investor bases and different liquidity profiles.
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