Luxshare Precision Industry Co., a key Apple supplier, closed its Hong Kong IPO on Thursday, raising HK$24.3 billion ($3.1 billion), the largest listing in the city this year.

The deal signals robust investor appetite for technology stocks in Hong Kong, where shares opened at a premium to the offer price, reflecting strong demand.

Capital from the offering will fund expansion, potentially boosting Luxshare’s production capacity for Apple’s devices. A larger, more diversified shareholder base may improve the company’s resilience against supply chain disruptions.

For investors, the successful entry offers exposure to a major Apple supplier in a market that remains attractive for tech IPOs. The deal may prompt other hardware partners to consider Hong Kong listings, sustaining momentum in the region’s capital markets.