Apple supplier Lens Technology said to price $607 million Hong Kong listing

Apple supplier Lens Technology Co. has raised HK$4.8 billion (US$607 million) after pricing its Hong Kong listing at the top of the marketed range, Bloomberg News reports citing “people familiar with the matter.”
Julia Fioretti and Dave Sebastian for Bloomberg News:
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The Shenzhen-listed company has sold 262.3 million shares at HK$18.18 each, the people said, asking not to be identified because the information isn’t public. Lens Technology had offered the shares at HK$17.38 to HK$18.18 apiece.
The HK$18.18 price reflects a discount of 30% to Lens Technology’s closing price of 23.74 yuan on Friday.
The company, which makes mobile-phone-glass covers and other components for consumer electronics, joins the growing wave of China-listed companies seeking to go public in Hong Kong. Lens Technology expects the shares to start trading in the city on Wednesday.

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MacDailyNews Note: Lens Technology Co. supplies glass components to Apple Inc., including cover glass for iPhones, iPads, and Apple Watches, as well as glass for touch panels and other related components. The company is a key supplier for Apple’s display and touch-screen technology, notably providing ultra-thin glass (UTG) for foldable iPhone prototypes expected in 2026. Additionally, Lens Technology has been involved in producing glass screens for Apple’s devices since the early iPhone models, starting in 2007.

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