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

  • Apple supplier Lens Technology Co. raised $607 million by pricing its Hong Kong listing at the top of the range, selling 262.3 million shares at HK$18.18 each.
  • The offering marks a discount of 30% to Lens Technology's closing price on the previous trading day.
  • Lens Technology, a key supplier to Apple, including providing glass components for iPhones, iPads, and Apple Watches, expects its shares to start trading in Hong Kong on Wednesday.
  • The company joins the trend of China-listed companies going public in Hong Kong, while also being involved in producing glass screens for Apple's devices since the early iPhone models.

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