Shenzhen Transsion, the biggest phone seller in Africa, plans to hold a listing roadshow next week, seeking to raise US$400 million to US$500 million in Hong Kong's market, International Financing Review reported on Friday.
The Shenzhen-listed company won Beijing's green light for going public in the city last month and will issue no more than 132 million shares, according to a statement from the China Securities Regulatory Commission.
Founded in 2013, the phone seller has been listed on the STAR Market since 2019. Its shares have dropped nearly 19 percent year-to-date.
Transsion ranked first in the African market with a market share of 61.5 percent in 2025, far ahead of the second player's 22.5 percent, according to Frost & Sullivan.
It sold 91.12 million mobile phones in Africa last year, down 12.4 percent year-on-year, with smartphones accounting for 43.8 percent of the total.
