Africa’s top mobile phone seller Transsion lists in Chinese IPO

Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa under its Tecno brand. The company has also started to support venture funding of African startups. Transsion issued 80 million A-shares at an opening price of 35.15 yuan (≈ $5.00) to raise 2.8 billion yuan (or ≈ $394 million).

Link: Africa’s top mobile phone seller Transsion lists in Chinese IPO
via techcrunch.com

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