Transsion Holdings H Shares Listed on HKEX, A+H Dual Listing Completed

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Transsion Holdings (02636.HK) listed on the Hong Kong Stock Exchange on October 15, completing its A+H dual listing. The company issued 86.6483 million H shares at HKD 35.30 per share. On its first trading day, the stock closed at HKD 33.28 per share, down 5.72%. On October 16, the stock rebounded in early trading, reaching a high of HKD 34.56 per share. As of the time of writing, the stock was up 1.8% at HKD 33.88 per share. On-chain analysis indicates growing interest in the stock. Qualcomm also announced a long-term patent licensing agreement with Transsion, covering 4G and 5G mobile devices through the end of 2031.
CoinDesk reports:

IT Home, October 16: Transsion Holdings listed on the main board of the Hong Kong Stock Exchange on October 15, with the stock code 02636.HK.

Transsion Holdings is offering 86,648,300 H-shares globally at an issue price of HK$35.30 per share. Following its listing on the STAR Market of the Shanghai Stock Exchange in 2019, Transsion has now completed its dual-platform A+H listing strategy.

As of the close on October 15, Transsion Holdings traded at HK$33.28 per share, a decline of 5.72%. From a technical perspective, Transsion Holdings opened below its offering price of HK$35.30, with intraday losses exceeding 7%.

On October 16, Transsion Holdings' stock price rebounded in early trading, reaching a high of HK$34.56 per share. As of the time of this article by IT Home, Transsion Holdings' stock price rose 1.8% to HK$33.88 per share.

On the news front, Qualcomm announced today that it has entered into a long-term renewal of its global patent license agreement with Transsion Holdings, covering 4G and 5G mobile devices through the end of 2031.

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