DreamSmart Meizu Set to Launch Hong Kong IPO with Leading Investment Banks

Wednesday, 13 March 2024, 03:54

DreamSmart, the company responsible for the Meizu smartphone brand and backed by Geely, is considering an IPO in Hong Kong with a target valuation exceeding US$2 billion. Collaborating with top investment banks CICC and Huatai, the move signals DreamSmart's intent to tap into the capital market for expansion.

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DreamSmart Meizu Plans Hong Kong IPO

DreamSmart, the start-up behind the smartphone brand Meizu, is in discussions to launch an initial public offering (IPO) in the Hong Kong market. Sources indicate that the company is eyeing a valuation of over US$2 billion for the potential share sale.

Collaboration with CICC and Huatai

DreamSmart has engaged leading investment banks, including CICC and Huatai, to facilitate the IPO process. This strategic partnership underscores the company's commitment to leveraging their expertise in navigating the financial markets.

Geely's Backing and Growth Prospects

With Geely's backing, DreamSmart aims to capitalize on the strong market interest in technology and consumer electronics. The decision to go public in Hong Kong reflects the company's confidence in its growth prospects and the opportunities presented by the capital market.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.