The Economic Information Daily reported on the 15th that Transsion Holdings (02636) H-shares are currently down 4%, trading at HK$33.88, with a trading volume of approximately 8.25 million shares, involving a turnover of HK$282 million. The A-shares (SSE: 688036) are currently at RMB 48.17, down RMB 0.12, or 0.2%, with a turnover of RMB 382 million, involving 8.04 million shares. The A-shares are currently trading at a premium of 65.9% over the H-shares.
Transsion Holdings made its debut today, but opened 1% lower upon listing, with the decline subsequently widening. Based on the current price of HK$33.88, with a board lot of 100 shares and excluding transaction costs, each board lot incurs a loss of HK$142.
Transsion Holdings encountered weak demand during its Hong Kong IPO subscription period. The final offering price was set at the lower end of the HK$35.30 to HK$38.80 range, at HK$35.3 per share. The Hong Kong public offering portion received applications from only about 14,000 investors, representing an oversubscription of approximately 3.46 times. All 5,901 applicants who applied for one board lot of 100 H-shares were fully allocated shares, with an allocation rate of 100%. The stock closed down about 1.5% in yesterday's Bright Smart pre-market trading, incurring a paper loss of HK$52 per board lot.
Transsion Holdings is a provider of smart terminal products and mobile internet services, primarily engaged in the design, research and development, manufacturing, sales, and brand operation of smart terminal products centered around mobile phones. Its portfolio includes three major brands: Tecno, Infinix, and itel. According to Frost & Sullivan, based on revenue in 2025, the company ranks eighth globally in the mobile phone market with a market share of 1.7%; in the same year, it ranked first in the African market with a market share of 61.5%, far ahead of the second-place competitor's 22.5%. (am)
Transsion Holdings made its debut today, but opened 1% lower upon listing, with the decline subsequently widening. Based on the current price of HK$33.88, with a board lot of 100 shares and excluding transaction costs, each board lot incurs a loss of HK$142.
Transsion Holdings encountered weak demand during its Hong Kong IPO subscription period. The final offering price was set at the lower end of the HK$35.30 to HK$38.80 range, at HK$35.3 per share. The Hong Kong public offering portion received applications from only about 14,000 investors, representing an oversubscription of approximately 3.46 times. All 5,901 applicants who applied for one board lot of 100 H-shares were fully allocated shares, with an allocation rate of 100%. The stock closed down about 1.5% in yesterday's Bright Smart pre-market trading, incurring a paper loss of HK$52 per board lot.
Transsion Holdings is a provider of smart terminal products and mobile internet services, primarily engaged in the design, research and development, manufacturing, sales, and brand operation of smart terminal products centered around mobile phones. Its portfolio includes three major brands: Tecno, Infinix, and itel. According to Frost & Sullivan, based on revenue in 2025, the company ranks eighth globally in the mobile phone market with a market share of 1.7%; in the same year, it ranked first in the African market with a market share of 61.5%, far ahead of the second-place competitor's 22.5%. (am)
