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China's Lens Technology aims for July Hong Kong listing, sources say
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China's Lens Technology aims for July Hong Kong listing, sources say
Mar 19, 2025 12:55 AM

HONG KONG, March 19 (Reuters) - Shenzhen-listed Chinese

mobile screen maker Lens Technology is planning to

file an application for a Hong Kong listing by the end of this

month, aiming to get the offering done in July, said two people

with knowledge of the deal.

The company, which is one of the suppliers for Apple's ( AAPL )

iPhone, has tapped CITIC Securities to sponsor the

offering, the two people said, declining to be named as the

information is confidential.

Bank of America has also been appointed to be the offering's

overall coordinator, said one of them.

Lens Technology is aiming to raise $1 billion to $1.5

billion in the offering, the person said.

The company did not respond to a Reuters request for

comment. CITIC Securities and Bank of America declined to

comment.

The timing and terms of the offering is not set in stone and

could change in line with market conditions, the people

cautioned.

The Chinese protective panels producer for mobile phone

displays said on March 12 it planned to issue H shares and to

seek a listing on the Hong Kong bourse.

The company's shares have gained 18% this year. Lens

Technology opened at 26.15 yuan ($3.62) a share on Wednesday,

giving it a market cap of around $18 billion, LSEG data showed.

The shares were down nearly 1% on Wednesday afternoon at

25.89 yuan each.

($1 = 7.2330 Chinese yuan renminbi)

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