Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Smartphone Maker Transsion Raises $390 Million in HK Listing
Business & Finance

Smartphone Maker Transsion Raises $390 Million in HK Listing

Bloomberg Markets Tuesday 13 October 2026, 02:25 UTC By Sangmi Cha 1 min read
Key Points

Smartphone Maker Transsion Raises $390 Million in HK Listing Shenzhen Transsion Holdings Co., which dominates the market for smartphones in Africa, raised HK$3.1 billion ($390 million) from a Hong Kong share share sale after pricing the deal near the top end. The company sold 86.6 million shares at HK$35.30 each, compared with the maximum of HK$38.80 they were marketed for, according to a filing to the city’s stock exchange. Trading is expected to begin Oct. 15.

Smartphone Maker Transsion Raises $390 Million in HK Listing Shenzhen Transsion Holdings Co., which dominates the market for smartphones in Africa, raised HK$3.1 billion ($390 million) from a Hong Kong share share sale after pricing the deal near the top end. The company sold 86.6 million shares at HK$35.30 each, compared with the maximum of HK$38.80 they were marketed for, according to a filing to the city’s stock exchange. Trading is expected to begin Oct. 15. Transsion’s Shanghai-listed shares have declined about 27% this year.
Smartphone Maker Transsion (ORG) HK (LOCATION) HK Listing Shenzhen Transsion Holdings Co. (ORG) Africa (LOCATION) Hong Kong (LOCATION) Shanghai (LOCATION)
Originally published by Bloomberg Markets Read original →

Related Stories

IMF says AI investment propping up global growth, but war and debt threaten outlook

IMF says AI investment propping up global growth, but war and debt threaten outlook BANGKOK: The global economy will still manage to top 3 per cent real GDP growth this year as strong AI investment offsets the energy shock from the war in the Middle East, but downside risks are mounting and more countries are being left behind and vulnerable to rising debt loads, the International Monetary Fund said on Tuesday (Oct 13). Despite a more protracted conflict that has kept oil prices above US$100...

Channel News Asia 12m ago

This French AI stock is up 570% in 2026: Analysts see a further 90% upside

Despite its extraordinary rally, Bank of America analysts have upgraded Soitec SA stock to Buy and see potential for a further 90% upside. A little-known French semiconductor company has become one of Europe's biggest artificial intelligence stock market winners in 2026, thanks to a technology few competitors can produce. Shares in Soitec SA have risen almost sevenfold this year, from about €23 at the start of January to roughly €154 on Monday afternoon in Paris.

Euronews 14m ago

Copper and Aluminum Drop as AI Selloff Saps Appetite for Risk

Commodities Copper and Aluminum Drop as AI Selloff Saps Appetite for Risk Copper and aluminum retreated as investor angst around overheated spending on artificial-intelligence infrastructure fueled uncertainty about the demand outlook for the metals. AI and technology stocks dropped across global markets following warnings the rapid buildout of data centers will become more difficult to finance. South Korea’s equity benchmark — which has been correlated with copper prices at times this year...

Bloomberg Markets 24m ago

IMF Forecasts 2027 Global GDP Boost, But Risks Remain

Oct 13th, 2026 IMF Forecasts 2027 Global GDP Boost, But Risks Remain The International Monetary Fund said global growth should pick up next year with a boost from AI investment, but warned the world economy is nearing the limits of its resilience as the energy squeeze persists and financial risks build.

Bloomberg Technology 25m ago