Chinese phone maker Transsion, Africa’s dominant mobile supplier, is eyeing up to $1 billion through a planned IPO on the Hong Kong Stock Exchange. Already listed in Shanghai with a valuation of about $13 billion, the company wants a dual listing to tap deeper global capital pools. Through its ubiquitous Tecno, Itel, and Infinix brands, Transsion has leveraged its African market stronghold to become the world’s fourth-largest phonemaker, selling over 200 million devices last year. Analysts say the new funding could also fuel expansion beyond phones, including electric vehicles and mobility products tailored to African markets. The IPO underscores a bold blueprint for deepening its investment in Africa’s future.
SEMAFOR