Apple Inc supplier Luxshare Precision Industry Co Ltd has told potential investors it hopes to price its Hong Kong-listed shares at a maximum price it has set, expected to raise HK$24.3 billion ($3.1 billion), according to people familiar with the matter.
The Shenzhen-based parts maker plans to price its shares at HK$63.28 per share, people familiar with the matter said. This is a 13% discount to Luxshare Precision's closing price of 62.88 yuan in Shenzhen on Monday.
People familiar with the matter said that Luxshare Precision issued 383.5 million shares and stopped accepting subscriptions on Friday instead of Monday as originally planned.
Representatives for Luxshare Precision have not yet responded to requests for comment.