'King of Africa' Smartphone Maker Seeks $428 Million in HK Debut

Shenzhen Transsion Holdings Co., which dominates Africa's smartphone market, is seeking to raise as much as HK$3.36 billion ($428 million) in a Hong Kong share sale.

• Transsion is listing shares in Hong Kong
• Target raise is up to HK$3.36 billion ($428 million)
• Company leads Africa's smartphone market