MobileLight Readingabout 2 hours ago
Transsion IPO Fizzles as Memory Costs Soar
2 min read
Transsion's Hong Kong IPO debut Thursday was a fizzer, with the stock dropping 5% before finishing the week 2% below the IPO price. The Shenzhen-based company raised 3.06 billion Hong Kong dollars (US$394 million) amid a market slump where global smartphone shipments slumped 20% in Q3.
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