Adds more details of shares performance and context throughout

By Donny Kwok and Yantoultra Ngui

HONG KONG/SINGAPORE, June 26 (Reuters) - Shares of Lingyi iTech 1688.HK rose 8% in their Hong Kong market debut on Friday, after the Apple AAPL.O supplier raked in $1.1 billion in a share sale, the biggest haul among six companies to recently float their stock in the city.

Lingyi, a Chinese maker of precision parts used in smartphones, tablets, robots and cars, raised HK$8.3 billion ($1.1 billion) after pricing its listing at the top of the marketed range. It and five other companies have together raised about HK$19.8 billion ($2.5 billion) in recent public offerings, highlighting both renewed interest in Hong Kong listings and demand for companies related to artificial intelligence, chips and advanced manufacturing.

The recovery in listings has also been helped as large Chinese companies increasingly seek offshore funding.

Lingyi's shares first traded at HK$10.80, above the offer price of HK$10.18. The stock later rose to as much as HK$11.80 before settling around HK$11.00.

The benchmark Hang Seng Index .HSI fell 1.4% while the Hang Seng TECH Index .HSTECH dropped 2.3%.

Hong Kong IPOs and secondary listings have raised $21.6 billion so far this year as of June 17, up 51% from the same period in 2025, according to LSEG data.

Besides Apple, Lingyi counts Huawei and Samsung Electronics 005930.KS among its customers.

It plans to use part of the proceeds to expand production for AI servers, humanoid robot hardware and AI optical communication infrastructure, which helps move data quickly between chips, servers and data centres.

($1 = 7.8401 Hong Kong dollars)