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Chinese Huawei mulling an IPO

Posted: , by Victor H.

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Chinese Huawei mulling an IPO
Chinese Huawei might not be among the most popular brands in the Western world, but the phone and telecommunications giant is the world’s 8th biggest phone maker. And now, Huawei is planning an IPO. Going public is a way for Huawei to not only raise money, but also become more transparent and be able to easier get contracts in the United States.

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.

source: AllThingsD

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posted on 06 Oct 2012, 00:44

1. rsxl5 (Posts: 65; Member since: 05 Sep 2012)

It's not only hardware.

It's true that hardware might be based on HuaWei's design (including bootloader) but rest of the software is mostly written by EU/US companies.

If it's HuaWei mobile both are made by HuaWei.

posted on 06 Oct 2012, 02:24

2. pikapowerize (banned) (Posts: 1869; Member since: 03 May 2012)

asian markets? i barely even heard of them! and i dont see any of their device in my place!

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