Leading global law firm Herbert Smith Freehills Kramer has advised CITIC Securities (Hong Kong) Limited, Goldman Sachs (Asia) L.L.C. and China International Capital Corporation as joint sponsors and underwriters on Luxshare Precision Industry Co., Ltd. (02475.HK, 002475.SZ)’s listing on the Main Board of the Hong Kong Stock Exchange.
Luxshare Precision raised approximately HK$24.3 billion (approximately US$3.1 billion) through its global offering, making it Hong Kong’s largest IPO year so far this year.
“The recent wave of Hong Kong listings shows the sustained investor appetite for technology and advanced manufacturing issuers,” said Hong Kong partner Matt Emsley. “Luxshare Precision’s listing underscores Hong Kong’s continued role as a leading international capital-raising venue for high-quality Chinese companies.”
Luxshare Precision is the largest provider of precision intelligent manufacturing solutions (PIMS) in Mainland China and the fifth-largest globally by revenue in 2025.
As an innovative technology company, it provides cross-sector, vertically integrated development and intelligent manufacturing solutions. These range from components and modules to systems across consumer electronics, automotive electronics, communication and data centres, and other markets.
“Luxshare Precision sits at the intersection of technology, advanced manufacturing and global supply chains,” said Beijing partner Stanley Xie. “Our team provided sector insight across technology, manufacturing and supply chains, alongside strong Hong Kong execution capability.”
Luxshare Precision has become a trusted partner supporting top brands in each of its main markets around the world. Its customers include the top 10 consumer electronics brands, top 5 automotive electronics brands and top 5 communication and data centre brands in the world, and over 100 Fortune Global 500 companies.
“We congratulate Luxshare Precision on this landmark transaction and thank our joint sponsor and underwriter clients for their trust,” said Hong Kong partner Jin Kong*. “The transaction reflects Hong Kong’s continued appeal to leading A-share listed companies seeking a broader international investor base – this is an area in which our team has built deep experience.”
Herbert Smith Freehills Kramer has a strong track record advising on cross‑border China capital markets transactions, including Hong Kong listings of A‑share listed companies such as S.F. Holding Co., Ltd. (06936.HK, 002352.SZ), Jiangsu Hengrui Pharmaceuticals Co., Ltd. (01276.HK, 600276.SS), Shanghai Longcheer Technology Co., Ltd. (09611.HK, 603341.SS), Eastroc Beverage (Group) Co., Ltd. (09980.HK, 605499.SS) and Mabwell (Shanghai) Bioscience Co., Ltd. (02493.HK, 688062.SS).
Partners Matt Emsley, Stanley Xie and Jin Kong led a cross-office team advising the client, assisted by Sean Ji, Cyrus Wong, Ting Wang, Camille Chai, Maxine Law, Allen Wang, Francis Wang and Ye Tian. Maisie Ko also provided assistance.
Legal manager Marine Jin led Herbert Smith Freehills Kewei Joint Operation’s Digital Legal Delivery business to provide high-efficiency solutions for verification and other document-intensive processes during the listing, assisted by Yutong Chen, Cunting Lin and Lynn Li. Isabella Hou also provided assistance.
