First day of the IPO | “King of African Mobile Phones” Voice Holdings (02636) first listed and opened 0.96% lower in early trading

The Zhitong Finance App learned that Voice Holdings (02636) was listed for the first time. The announcement showed that each share was priced at HK$35.3, and a total of 86.6483 million shares were issued, with 100 shares per lot, with a net proceeds of about HK$3.118 billion. As of press release, it decreased by 0.96% to HK$34.96, with a turnover of HK$140 million.

According to Frost & Sullivan data, in 2025, Communication Holdings ranked third in the global mobile phone market by sales volume, with sales volume of about 169 million units, with a market share of 11.8%; ranked eighth in terms of revenue, with revenue of about US$8 billion, with a share of 1.7%. In emerging markets, the company ranked first in terms of mobile phone sales, with a share of 20.0%; in the African market, it ranked first in terms of sales volume, with a share of 53.1%.

According to the prospectus, Audio's products cover the complete echelon, from low-cost feature phones to high-end smartphones. They are rooted in Africa based on deep localization capabilities, while continuing to penetrate a wide range of emerging markets such as South Asia, the Middle East, and Latin America. Currently, they have been sold to more than 100 countries and regions around the world, and the overseas layout has taken shape.