Transsion Holdings has received approval to go ahead with its IPO at the Science and Technology Innovation Board (STAR Board). This is according to an announcement that was posted on the Shanghai Stock Exchange.
Few people know about Transsion Holdings. The company is a house of brands that owns some of the most popular smartphone brands on the market.
Tecno is its flagship brand and is so far the most popular smartphone brand owned by company.
In addition to Tecno, Transsion holdings also own the itel, Infinix, Carlcare, Oraimo, and Synix brands.
The company seeks to raise $437 million from the IPO listing. Transsion Holding plans to use the raised capital to finance its growth and expansion.
The company is also moving up the value chain by focusing more on its smartphones offering and hence the need to invest in its infrastructure.
Transsion Holdings has a 58.7% market share of in the feature phone category and a 34.3% market share in the smartphone category. This makes it the largest smartphone company in Africa in terms of market share.
Kevin is a tech enthusiast and the lead writer at MobiTrends.co.ke. He has been writing about smartphones and tech related topics since October 2012. About Us | Contact Us
