Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Equity Capital Markets

Shenzhen Transsion Holdings / Equity Capital Markets

<ul>
<li>Transsion, a mobile phone maker focused on Africa and other emerging markets, raised HKD 2,968.0m (USD 378.2m) and will list on HKEX on Thursday, 15 Oct 2026.</li>
<li>In our previous notes, we looked at the company's fundamentals and the deal terms.</li>
<li>In this note, we provide an update for the IPO before its trading debut.</li>
</ul>


Transsion, a mobile phone maker focused on Africa and other emerging markets, raised HKD 2,968.0m (USD 378.2m) and will list on HKEX on Thursday, 15 Oct 2026.
In our previous notes, we looked at the company's fundamentals and the deal terms.
In this note, we provide an update for the IPO before its trading debut.


APAC IPOs & Placements, Aequitas Research

Hong Jie Seow

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

MeiG Smart Technology Co Ltd / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/meig-smart-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:29426:1" rel="noopener">MeiG Smart Technology Co Ltd (002881 CH)</a> , a provider of wireless communication modules and solutions, raised around US$129m in its H-share listing.</li>
<li>MeiG is a provider of wireless communication modules and solutions, with a product portfolio consisting of (1) smart modules and (2) data transmission modules.</li>
<li>We have covered various aspects of the deal in our previous note. In this note, we will talk about the demand and trading dynamics.</li>
</ul>



MeiG Smart Technology Co Ltd (002881 CH) , a provider of wireless communication modules and solutions, raised around US$129m in its H-share listing.
MeiG is a provider of wireless communication modules and solutions, with a product portfolio consisting of (1) smart modules and (2) data transmission modules.
We have covered various aspects of the deal in our previous note. In this note, we will talk about the demand and trading dynamics.


Aequitas: MeiG Smart Technology A/H Trading - Lukewarm Insti Demand

<ul>
<li>
<a href="https://www.smartkarma.com/entities/meig-smart-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:29426:1" rel="noopener">MeiG Smart Technology Co Ltd (002881 CH)</a> , a provider of wireless communication modules and solutions, aims to raise around US$129m in its H-share listing.</li>
<li>MeiG is a provider of wireless communication modules and solutions, with a product portfolio consisting of (1) smart modules and (2) data transmission modules.</li>
<li>We have looked at the past performance and likely A/H premium in our previous note. In this note, we talk about the IPO pricing.</li>
</ul>



MeiG Smart Technology Co Ltd (002881 CH) , a provider of wireless communication modules and solutions, aims to raise around US$129m in its H-share listing.
MeiG is a provider of wireless communication modules and solutions, with a product portfolio consisting of (1) smart modules and (2) data transmission modules.
We have looked at the past performance and likely A/H premium in our previous note. In this note, we talk about the IPO pricing.


Aequitas: MeiG Smart Technology Technology A/H Listing - Premium Valuation With Margin Headwinds

<ul>
<li>
<a href="https://www.smartkarma.com/entities/meig-smart-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:29426:1" rel="noopener">MeiG Smart Technology Co Ltd (002881 CH), </a>a provider of wireless communication modules and solutions, aims to raise around US$150m in its H-share listing.</li>
<li>MeiG is a provider of wireless communication modules and solutions, with a product portfolio consisting of (1) smart modules and (2) data transmission modules.</li>
<li>In this note, we talk about the recent updates on the company’s past performances, and likely A/H premium.</li>
</ul>



MeiG Smart Technology Co Ltd (002881 CH), a provider of wireless communication modules and solutions, aims to raise around US$150m in its H-share listing.
MeiG is a provider of wireless communication modules and solutions, with a product portfolio consisting of (1) smart modules and (2) data transmission modules.
In this note, we talk about the recent updates on the company’s past performances, and likely A/H premium.


Aequitas: MeiG Smart Technology A/H Listing - PHIP Updates and Thoughts on A/H Premium

<ul>
<li>Transsion, a mobile phone maker focused on Africa and other emerging markets, launched its IPO to raise USD 428m through an A+H listing. CITIC is the sole sponsor.</li>
<li>In this note, we look at the deal terms and provide our thoughts on valuation for the company.</li>
<li>We analyze reference A+H transactions, cornerstone and sponsor performance and assess the risk-reward of the deal.</li>
</ul>


Transsion, a mobile phone maker focused on Africa and other emerging markets, launched its IPO to raise USD 428m through an A+H listing. CITIC is the sole sponsor.
In this note, we look at the deal terms and provide our thoughts on valuation for the company.
We analyze reference A+H transactions, cornerstone and sponsor performance and assess the risk-reward of the deal.


Transsion (传音控股) A+H IPO: Analysis of Deal Terms

China

MeiG Smart Technology Co., Ltd  manufactures and distributes communication products. The Company produces smart terminals, wireless communication modules, terminal precise components, and other products. Shenzhen MeiG Smart Technology also provides technology supporting services.

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MeiG Smart Technology Co Ltd (002881 CH)

Transsion (传音控股) A+H IPO Trading

Transsion raised USD 378m in net proceeds to list on HKEX on Thursday, 15 Oct 2026. We are cautious on debut performance given weak subscription.

Ke Yan, CFA, FRM

Aequitas: MeiG Smart Technology A/H Trading - Lukewarm Insti Demand

MeiG Smart Technology Co Ltd raised around US$129m in its H-share listing, offering wireless communication modules and solutions. Trading dynamics...

Hong Jie Seow

Aequitas: MeiG Smart Technology Technology A/H Listing - Premium Valuation With Margin Headwinds

MeiG Smart Technology Co Ltd plans to raise $129m in H-share listing, offering wireless communication modules and solutions. IPO pricing discussed...

Hong Jie Seow

Aequitas: MeiG Smart Technology A/H Listing - PHIP Updates and Thoughts on A/H Premium

MeiG Smart Technology Co Ltd plans to raise $150m in H-share listing, specializing in wireless communication modules and solutions.

Hong Jie Seow

Transsion (传音控股) A+H IPO: Analysis of Deal Terms

We analyze Transsion's USD 428m Hong Kong IPO. We look at deal terms, track records of cornerstone investors and sponsors, as well as its...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Transsion (传音控股) A+H IPO Trading

Transsion raised USD 378m in net proceeds to list on HKEX on Thursday, 15 Oct 2026. We are cautious on debut performance given weak subscription.

Ke Yan, CFA, FRM

Aequitas: MeiG Smart Technology A/H Trading - Lukewarm Insti Demand

​MeiG Smart Technology Co Ltd raised around US$129m in its H-share listing, offering wireless communication modules and solutions. Trading dynamics...

Hong Jie Seow

Aequitas: MeiG Smart Technology Technology A/H Listing - Premium Valuation With Margin Headwinds

​MeiG Smart Technology Co Ltd plans to raise $129m in H-share listing, offering wireless communication modules and solutions. IPO pricing discussed...

Hong Jie Seow

Aequitas: MeiG Smart Technology A/H Listing - PHIP Updates and Thoughts on A/H Premium

​MeiG Smart Technology Co Ltd plans to raise $150m in H-share listing, specializing in wireless communication modules and solutions.

Hong Jie Seow

Transsion (传音控股) A+H IPO: Analysis of Deal Terms

We analyze Transsion's USD 428m Hong Kong IPO. We look at deal terms, track records of cornerstone investors and sponsors, as well as its...

Ke Yan, CFA, FRM

MeiG Smart Technology Co Ltd raised around US$129m in its H-share listing, offering wireless communication modules and solutions. Trading dynamics...

MeiG Smart Technology Co Ltd plans to raise $129m in H-share listing, offering wireless communication modules and solutions. IPO pricing discussed...

MeiG Smart Technology Co Ltd plans to raise $150m in H-share listing, specializing in wireless communication modules and solutions.