Lingyi iTech set for Hong Kong trading debut after $1B raise

Lingyi iTech, a Chinese electronics supplier to Apple, Huawei, and Samsung, priced its Hong Kong secondary listing at HK$10.18 per share, raising $1.06 billion. Trading begins June 26, 2025, with proceeds earmarked for AI expansion.

Lingyi iTech set for Hong Kong trading debut after $1B raise Chinese electronics supplier to Apple and Samsung raised $1.06 billion in its secondary listing, with proceeds earmarked for AI expansion Lingyi iTech, a Chinese precision electronics components maker that supplies parts to Apple, Huawei, and Samsung, has priced its Hong Kong secondary listing at HK$10.18 per share. The sale of 811.81 million shares raised approximately $1.06 billion, or HK$8.3 billion. Trading on the Hong Kong Stock Exchange is set to begin on June 26, 2025. The company plans to channel a portion of the proceeds into expanding its artificial intelligence capacity. A billion-dollar vote of confidence Lingyi iTech found 21 cornerstone investors willing to commit capital before the listing even went live. Lingyi iTech isn’t a pure-play AI company. Founded in 2006 by billionaire Zeng Fangqin, the firm specializes in precision components for smartphones, tablets, and other consumer electronics. The company has been publicly traded on the Shenzhen Stock Exchange since 2018 under the ticker code 002600. This Hong Kong listing is a secondary one, meaning Shenzhen remains its primary home. Why AI is the pitch Lingyi’s existing relationships with Apple, Huawei, and Samsung give it a built-in customer base that is itself investing heavily in AI features across product lines. Beyond consumer electronics, Lingyi is also positioning itself to expand into automotive and what the industry calls the “low-altitude economy,” a catch-all term for drones, urban air mobility, and related technologies. Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy https://cryptobriefing.com/editorial-policy/ .