Monday, September 30, 2019
Africa’s top mobile phone seller Transsion lists in Chinese IPO – TechCrunch
Chinese mobile-phone and device maker Transsion has listed in an IPO on Shanghai’s STAR Market, a Transsion spokesperson confirmed to TechCrunch. 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 (≈
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