Smartphone maker Honor is planning an initial public offering (IPO). Its main owner is the Shenzhen regional government and the company shares first place with Oppo in the Chinese smartphone market with a 19% share.
Chinese smartphone maker Honor plans to go public through an initial public offering. This was reported by Gizmochina.
Honor is one of the major players in the smartphone market in China. According to analysts at Counterpoint Technology Market Research, the company’s market share is 19%. According to this indicator, Honor shares first place with Oppo.
The main owner of Honor is the Shenzhen regional government. The details of the IPO are still unknown, as well as the name of the exchange on which the placement will take place.
Honor was spun off from Huawei Technologies and became a separate business in 2020 following the imposition of US sanctions.
Author:
Kirill Bilyk
Source: RB
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