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- Luxshare, which makes Apple’s (NASDAQ:AAPL) AirPods and is one of the iPhone maker’s key suppliers, has picked several investment banks to help it with its Hong Kong initial public offering, Bloomberg reported.
- The company has tapped China International Capital, Citic Securities and Goldman Sachs (GS) to help it raise $1B or more in the offering, the news outlet added, citing people familiar with the matter.
- The offering could take place as soon as this year, though talks are still ongoing and timing of the IPO could change, the people added.
- Apple is Luxshare’s largest customer and accounted for nearly three-quarters of its revenue in 2023.
- Luxshare did not immediately respond to a request for comment from Seeking Alpha.