China-headquartered Luxshare Precision Industry said on Tuesday it had priced its Hong Kong listing at the top end of its marketed range, raising about HK$24.27 billion ($3.09 billion). Here are some of the details: • The Shenzhen-listed Apple supplier said the offer price was determined at HK$63.28 per H-share, and would sell 383.5 million shares. Luxshare wrote in its prospectus that the proceeds would be used to expand manufacturing capacity in automotive and consumer electronics, fund AI-driven factory upgrades, pursue acquisitions, repay debt and support working capital.
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Investing.com -- Fresh off its historic debut on the public markets, Elon Musk’s SpaceX is keeping the momentum going. The newly public aerospace and tech giant has reportedly showcased a prototype AI-interaction device to investors. The hardware, described as sleeker and thinner than an Apple iPhone, marks an ambitious consumer tech play for the company. SpaceX presented the prototype to key stakeholders and institutional investors in a series of private meetings, according to a report from the
MOSCOW, July 1 (Reuters) - Russia's anti-monopoly watchdog has issued a warning to iPhone maker Apple, urging the company to address what it described as discriminatory practices against Russian
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European Technology Commissioner Henna Virkkunen had a "constructive" talk with Apple's Chief Executive Tim Cook during a video call held on Monday, said a Commission spokesperson. They spoke about "topics of common interest" on which work continues, the spokesperson added on Wednesday. The iPhone maker has said its Siri AI would not be available initially in the EU on iPhones or iPads and faulted the European Commission for refusing to engage constructively with them to ensure privacy and security on their devices, while the Commission blamed Apple, saying the company had been unable to develop "interoperability" to meet EU standards.
The Shenzhen-listed iPhone and AirPods assembler is offering 383.5 million shares at a maximum price of HK$63.28 each
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Investing.com -- The "Magnificent 7" group of technology companies lost approximately $2.3 trillion in market value this month as investors increased scrutiny of large infrastructure spending by these firms.
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