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‘King of Africa’ Smartphone Maker Seeks $428 Million in HK Debut

From Bloomberg Tech

By Sangmi Cha

October 6, 2026

‘King of Africa’ Smartphone Maker Seeks $428 Million in HK Debut

‘King of Africa’ Smartphone Maker Seeks $428 Million in HK Debut
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By Sangmi Cha
October 7, 2026 at 2:53 AM UTC

Takeaways by Bloomberg AI

Shenzhen Transsion Holdings Co., which dominates the market for smartphones in Africa, is seeking to raise as much as HK$3.36 billion ($428 million) in a Hong Kong share sale.

The Chinese smartphone maker is offering 86.6 million shares at a maximum price of HK$38.80 each, according to a filing to the city’s stock exchange. Trading is expected to begin Oct. 15. Transsion’s Shanghai-listed shares have declined 19% this year.

View original article on bloomberg.com

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