The Fitbit of China: Huami files for a $150 million US IPO

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Huami, a Chinese manufacturer of wearable devices partnered with Xiaomi, filed on Friday with the SEC to raise up to $150 million in an initial public offering.

The Hefei, China-based company was founded in 2013 and booked $295 million in sales for the 12 months ended September 30, 2017. It plans to list on the Nasdaq under the symbol HMI. Huami filed confidentially on November 16, 2017. Credit Suisse, Citi and China Renaissance are the joint bookrunners on the deal. No pricing terms were disclosed.

The article The Fitbit of China: Huami files for a $150 million US IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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