"The King of African Mobile Phones", Transsion Holdings, is set to kick off a Non-Deal Roadshow (NDR) for its Hong Kong listing on March 12. The anticipated deal size is projected to fall within the range of USD 500 million to USD 1 billion. The company aims to achieve a listing on the Hong Kong Stock Exchange in the second quarter of 2026.
Previously, Transsion Holdings submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with CITIC Securities acting as its sole sponsor.
In terms of mobile phone sales in 2024, Transsion Holdings secured the top position in global emerging markets. Financial data reveals that for each period from 2022 to June 2025, the company has released corresponding revenue, gross profit, and profit figures. The expected annual revenue for 2025 is approximately RMB 65.568 billion, marking a year-on-year decrease of around 4.58%. This decline in gross profit margin is mainly attributed to supply chain costs.
Transsion Holdings has been listed on the Science and Technology Innovation Board since 2019. As of the market close on February 13, its stock price was RMB 58.63, with a total market capitalization of RMB 67.494 billion.