Sources said Apple supplier Luxshare Precision plans to price its Hong Kong IPO at the upper limit of HK$63.28 per share, raising about HK$24.3 bln (around USD3.1 bln). The pricing was said to be roughly a 13% discount to its Monday close of HK$62.88.

The offering comprises 383.5 mln shares and subscriptions closed early last Friday. If completed, the deal would exceed Shenghong Technology’s April HK$23.1 bln raise to become Hong Kong’s largest IPO this year.