Tecno maker Transsion closes Hong Kong debut at HK$33.28, 5.72% below offer price

Transsion Holdings, the Shenzhen-based maker of Tecno and Infinix phones, ended its first day of trading in Hong Kong at HK$33.28 a share on 15 October 2026, down 5.72% from the HK$35.30 offer price, according to the Chinese business newspaper 21st Century Business Herald.

The H shares (stock code 02636) opened at HK$34.96, 0.96% below the offer price, according to a report by the Chinese financial news outlet Yema Caijing, published on NetEase. They touched an intraday low of HK$32.72, and Transsion's market value at the close was HK$41.195 billion, 21st Century Business Herald said.

The company's announcement of the final price, dated 14 October, set the H-share price at HK$35.30, excluding brokerage commission and other trading charges, with trading on the main board of the Hong Kong Stock Exchange expected to begin on 15 October. The price was the bottom of the HK$35.30 to HK$38.80 range offered to investors, according to tech-ish, a Kenyan technology news site.

Transsion sold 86,648,300 new shares, raising about HK$3.06 billion before costs, tech-ish reported. Eleven cornerstone investors took about HK$1.246 billion of the offer, according to Yema Caijing and 21st Century Business Herald. They include Singapore's sovereign wealth fund GIC, the Chinese fund manager E Fund, the BYD affiliate Golden Link Worldwide, the memory-chip maker Longsys and a wholly owned MediaTek subsidiary. Yema Caijing reported that the cornerstones are locked up for six months.

In the first half of 2026, Transsion's revenue was RMB 35.431 billion, up 21.85% from a year earlier, and net profit attributable to shareholders was RMB 1.773 billion, up 46.22%, 21st Century Business Herald said.

For Kenya, tech-ish reported that the prospectus names Kenya among the company's main African markets. It said the 8GB/256GB Infinix Note 60 Pro launched in Kenya in March at KSh 41,999, and now sells for KSh 45,999 on Infinix's Kenyan online store.