Luxshare (HK: 002475) Shares Drop Over 5% in Hong Kong Debut

Luxshare Precision Industry's shares fell more than 5% during its Hong Kong trading debut, pricing at 63.28 Hong Kong dollars per share. The IPO raised HK$24.27 billion (approximately $3.09 billion). Early trading saw the stock at HK$60. Apple (AAPL) accounts for about 70% of Luxshare's revenue, with the company reporting 332.34 billion yuan in revenue for 2025, up from 268.79 billion yuan in 2024. This matters for investors as it highlights Luxshare's volatility and its significant dependence on Apple for revenue.