Apple supplier Leading Wisely completed a HK $8.3 billion stock issuance transaction and will debut on the Hong Kong Stock Exchange today.

In the highest volume trading month in Hong Kong this year, Chinese electronics manufacturer Luxshare Precision Industry raised 8.3 billion Hong Kong dollars by issuing stocks and will debut on the local stock exchange on Friday. The Apple supplier, which was previously listed in Shenzhen, priced its offering at 10.18 Hong Kong dollars per share, at the top of the offering range, attracting cornerstone investors including GF Fund, Qube Research & Technologies, and Huili Group. The stock surged 22% in the grey market on Thursday. The offering price represented a 51% discount to the company's A-shares closing price on Thursday. This is the largest listing in Hong Kong since April this year, with new stock offerings in the local market exceeding 5 billion US dollars this month. Over 20 companies will go public in June, ahead of their requirement to release performance reports. The Hong Kong IPO market is exceptionally hot this year due to a wave of technology companies joining. Research predicts that Hong Kong's IPO financing this year will exceed 43 billion US dollars, setting a new six-year record.