据Sangmi Cha报道，在非洲智能手机市场占据主导地位的深圳传音控股股份有限公司，计划通过在香港上市募集最多33.6亿港元（约合4.28亿美元）。
Transsion Holdings Co., which dominates the market for smartphones in Africa, is seeking to raise as much as HK$3.36 billion ($428 million) in a Hong Kong share sale.
根据向香港交易所提交的文件，这家中国手机厂商拟以每股最高38.80港元的价格发行8660万股股票，预计将于10月15日开始交易。今年以来，传音控股在上海的股价已累计下跌19%。
The Chinese smartphone maker is offering 86.6 million shares at a maximum price of HK$38.80 each, according to a filing to the city’s stock exchange. Trading is expected to begin Oct. 15. Transsion’s Shanghai-listed shares have declined 19% this year.
作为基石投资者，这些机构承诺至少持有股票六个月，并获得了相应的配额。在最高定价情况下，它们已同意认购基础发行量中约37%的股份；若最终定价低于上限，认购比例还有可能上升。参与认购的机构包括新加坡政府投资公司、易方达基金、千禧资本、金链环球有限公司以及芯片制造商深圳龙旗电子的投资部门。
Cornerstone investors — which get guaranteed allocation in the deal in exchange for holding the stock for at least six months — have agreed to buy about 37% of the base offering in the maximum-price scenario, which may rise if the price is lower. They include GIC Pte, E Fund Management Co., Millennium Capital, Golden Link Worldwide Ltd., and an investment arm of chipmaker Shenzhen Longsys Electronics Co.
此次上市将是对投资者对人工智能产业链以外领域上市企业兴趣的一次检验。当前，内存芯片成本不断上涨正挤压传音控股的利润空间。虽然人工智能行业的巨大资金需求推动香港股市本季度IPO规模创下历史新高，但其他行业的上市表现却不尽如人意。例如，快时尚巨头希音集团在9月1日上市时募资17亿美元，但其股价至今已下跌约30%。
The offering will be a test of investor appetite for listings outside the artificial intelligence supply chain, especially as the increasing cost of memory threatens Transsion’s margins. While the massive funding needs of the AI industry have driven Hong Kong share sales to a record quarter, some listings in other sectors have suffered. The shares of fast-fashion giant Shein Global Holdings Ltd., which raised $1.7 billion, are down about 30% since their Sept. 1 debut.
传音控股总部位于深圳，旗下拥有Tecno和Infinix等知名品牌。按销量计算，该公司在非洲手机市场的占有率高达53%，因此被誉为“非洲手机之王”。同时，它也是众多新兴市场中最具影响力的手机制造商之一。
Transsion, the Shenzhen-based company behind brands including Tecno and Infinix, commands 53% of Africa’s mobile phone market by unit sales — hence known as the “King of Africa” on the continent — while also ranking among the leading handset makers across emerging markets.
此次募集的资金将用于加速人工智能相关技术的研发，包括AI助手与智能代理的开发，并进一步提升产品的差异化竞争力。中信证券担任本次上市的独家保荐人。
Proceeds will be used to accelerate AI-related technology development, including AI assistants and agents, and strengthen product differentiation. Citic Securities Co. is the sole sponsor of the offering.