The Lingyi iTech Hong Kong IPO has drawn prominent legal firepower from both Indian and international counsel, marking one of the largest equity listings on the Hong Kong Stock Exchange in 2026. Dua Associates and Cooley LLP guided Lingyi iTech (Guangdong) Company on its HK$8.26 billion (US$1.06 billion) initial public offering on the Stock Exchange of Hong Kong main board. The transaction, which completed the company’s dual listing, underscores the rising cross-border legal complexity of major Asian capital markets mandates.
Introduction
Dua Associates advised Lingyi iTech (Guangdong) Company, a high-precision intelligent manufacturing platform for electronic devices and a supplier to Apple Inc., as its India legal counsel in connection with its HK$8.26 billion (approximately US$1.06 billion) initial public offering and listing on the Hong Kong Stock Exchange.
Lingyi iTech offered 811,811,880 global H shares priced at HK$10.18 per share, with shares beginning trading on the Hong Kong Stock Exchange on 26 June 2026 under stock code 1688. Already listed on the Shenzhen Stock Exchange (stock code 002600), the company pursued a dual listing in Hong Kong to broaden its access to international capital markets and strengthen its global investor base.
The transaction ranks as the fourth-largest Hong Kong IPO to date in 2026.
Deal Value
The offering totalled HK$8.26 billion (US$1.06 billion), with Lingyi iTech offering 811,811,880 global H shares priced at HK$10.18 per share.
Legal Teams Involved
Dua Associates — Indian Legal Counsel to Lingyi iTech
Dua Associates served as the Indian legal counsel to Lingyi iTech on this IPO, advising on matters relating to Indian law concerning Lingyi iTech‘s Indian subsidiaries, including regulatory overview, risk factors, legal due diligence, and other relevant matters as part of the IPO process.
The transaction was led by the following team members:
- Munish Sharma — Partner
- Sunil Malik — Senior Advisor
- Punish Arora — Partner
- Seema Salwan — Principal Associate
- Anirudh Jaiswal — Associate
Cooley LLP — International Counsel to Lingyi iTech
Cooley LLP served as international counsel to Lingyi iTech on the IPO. The transaction team consisted of the following members, with additional support from senior counsel:
- Michael Yu — Partner
- Will Cai — Partner, Head of Asia Capital Markets
- Kaiting Yang — Counsel
- Dichun Duan — Associate
- Shangyun Ren — Associate
- Yifeng Wang — International Legal Project Manager
- Jimmy Zhao — Senior Counsel
- Alan He — Senior Counsel
Significance and Impact
The Lingyi iTech Hong Kong IPO carries considerable significance on multiple dimensions. Lingyi iTech supplies components to Apple Inc., Huawei, and Samsung Electronics, and has increasingly positioned itself to benefit from the rapid expansion of AI hardware beyond its traditional smartphone business.
According to Bloomberg data, the transaction ranks as the fourth-largest IPO in Hong Kong of 2026. This places it among a select group of mega-listings that have revived Hong Kong’s equity capital markets this year.
From an Indian legal perspective, the mandate is noteworthy for the role played by Indian counsel in a landmark cross-border Hong Kong IPO. Dua Associates acted as Lingyi iTech‘s counsel on all Indian law aspects of the transaction, with a mandate covering legal due diligence on the company’s Indian subsidiaries, regulatory analysis, disclosures, risk factors, and other India-specific matters required for the listing process.
Lingyi iTech plans to use a significant portion of the proceeds to expand manufacturing capacity in emerging AI-related businesses, including AI computing servers, optical communication infrastructure, and humanoid robot hardware, as demand for advanced computing equipment accelerates.
For Indian firms active in cross-border capital markets work, this transaction is a strong signal of growing demand for India-qualified legal advisory on international listings. Track deals like this on our Deal Meter.
The Lingyi iTech Hong Kong IPO represents a landmark cross-border capital markets transaction, with Dua Associates providing critical Indian law counsel and Cooley LLP acting as international counsel. Lingyi’s listing underscores the strong recovery in Hong Kong’s equity capital markets, where technology companies have driven a pickup in fundraising activity. The deal cements the growing role of Indian law firms in advising on complex, multi-jurisdictional public offerings.
Disclaimer: This article is for informational purposes only and does not constitute legal advice. It is based on the details provided and publicly available sources.
