According to PhoneArena , Honor has not yet provided a timeframe for when it might IPO or even named which market its shares would be listed on. In a statement, the company said its market position has improved over the past three years and that an IPO would be the next step in its development.
Honor is currently the number one smartphone brand in China.
Screenshot from PhoneArena
Reportedly, a year after leaving Huawei and no longer affected by US sanctions, by August 2021, Honor had become the third largest smartphone brand in China. Last year, the company was the second largest smartphone brand in China, and in its Q3 2023 report, Honor was the leading brand in the country with 11.8 million units sold. In Europe, Honor was the fifth most popular smartphone brand in Q3.
Honor has impressed with a variety of products, including the Magic V2 book-style foldable phone, and the company is also developing a clamshell-style foldable phone for release in 2024.
Honor, based in Shenzhen, said it seeks to "continue optimizing its shareholding structure, attract diversified capital, and participate in the fundraising market through an IPO." The company will also make changes to its board of directors "to ensure greater diversification in order to meet relevant regulatory and management requirements."
In the third quarter, Honor led the Chinese smartphone market with an 18% market share, followed by Oppo, Apple, and Vivo, all three holding 16% market share. Xiaomi ranked fifth with 14%.
Source link
Comment (0)