Chinese Huawei mulling an IPO
Huawei has reached out to investment banks to explore the opportunity and get advice on where and how to start trading shares. The consultations are still in their early stages and Huawei hasn’t picked a bank to manage its IPO yet.
Huawei is very popular in China and Asian markets, but in Western Europe and the States, most of its handsets are sold under a carrier brand and even if you use one, you might not know about it. Most recently, the company was shaken after allegations occurred that it’s possible it might be pre-loading spyware on its U.S. smartphones.