Apple supplier Lingyi iTech makes HK IPO
It could mean something that Apple supplier Lingyi iTech hopes to raise over a billion dollars in a Hong Kong IPO.
The company currently makes precision modules, adapters, and thermal management systems (such as titanium vapor chambers for foldable phones) for global tech giants. It also manufactures components for AI glasses.
The company says the money will be used to fund expansion into AI hardware, smart glasses, and humanoid robotics, with the offering scheduled to take place on the Hong Kong stock exchange on Friday.
What’s interesting is that the offer price at HK$10.18 per share represents a 44% discount to Lingyi’s Shenzhen close. Those Shenzhen shares have gained more than 90% over the past year.
It is also interesting that one of the cornerstone investors in this offering, Sunny Optical, is itself an Apple supplier. It became a new camera module supplier for Apple in 2025, producing and shipping camera modules for Apple’s M5 series MacBook models out of Vietnam.
Apple is expected to introduce new robotics, smart glasses, and AI products as soon as next year.
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