Xiaomi’s Smartwatch Partner, Huami, Files for a $150 Million US IPO

Jan. 15, 2018

Huami, in partnership with Xiaomi, is known for manufacturing high quality and affordable smartwatches such as the Amazfit Sports Smartwatch 2 and Watch 2S. A prominent part of Xiaomi’s smart hardware ecosystem, Huami has grown up as one of the world’s top smart wearable maker, thanks to its low-cost strategy and Xiaomi’s renowned brand name. Now, as per recent reports, the company is all set to go public.

As reported by Technode,Huami Corporation has filed with the United States SEC for a $150 million IPO (Initial Public Offering).The company has applied for the listing of its ADSs on Nasdaq Global Market under the ticker symbol “HMI”.

Huami is looking at Data Mining and Artificial Intelligence as the new directions to proceed in to maintain the company’s sustainable development.

The main reason for companies’ going public is generally the requirement of extra funding in order to venture into new markets. While the IPO filing of Huami was handled in a rather low profile, the company’s CEO, Huang Wang, revealed thatthe company is looking to delve into data mining and artificial intelligenceas the new directions to maintain its sustainable development.

This isn’t an interview! Why am I being asked to tell you about myself? :P Well, if you really wanna know, I’m currently trending worldwide on #BeingMirchi. Buy me a beer if you like my work. Cheers!