Transsion raises $390M in Hong Kong share sale

China-based Transsion, which dominates Africa's smartphone market, raised HK$3.1 billion ($390 million) in a Hong Kong share sale after pricing the deal near the top end of its range.

• Transsion raised HK$3.1B ($390M) in a Hong Kong share sale
• The deal priced near the top end of its range
• The company dominates Africa's smartphone market