China's Luxshare weighing Hong Kong listing this year, sources say

By Kane Wu and Scott Murdoch

HONG KONG (Reuters) - China's Luxshare Precision Industry, maker of Apple AirPods, is considering a Hong Kong listing this year, three people familiar with the matter said, adding to a recent run of mainland China-listed companies eyeing a Hong Kong float.

Shenzhen-listed Luxshare has been discussing the deal with investment bankers and is due to hand out mandates shortly to begin the listing process, the sources said.

It would aim to raise $2 to $3 billion in the deal, one of the sources said.

The listing size has not been finalised, however, and would depend on market conditions, said the sources, who asked not to be named due to the confidential nature of the information.

Luxshare did not respond to a request for comment.

There have been $2.4 billion worth of initial public offerings (IPOs) and secondary listings in Hong Kong so far in 2025, up from $612 million at the same time last year, according to LSEG figures.

Led by battery giant CATL, which is aiming to raise at least $5 billion, more mainland listed companies are expected to list in Hong Kong this year.

Established in 2004, Luxshare is an Apple supplier.

The company also designs and manufactures other electronic devices, including routers, wireless charging modules and video conferencing equipment.

It has a market capitalisation of 295 billion yuan ($40.61 billion), and its Shenzhen stock has traded mostly flat so far this year, according to LSEG data.

($1 = 7.2650 Chinese yuan renminbi)

(Reporting by Kane Wu in Hong Kong and Scott Murdoch in Sydney; Editing by Joe Bavier)