Honor

Honor, a spinoff of the Chinese technology giant Huawei, has recently announced its plans to go public. This move is part of Honor’s strategic goals to optimize its shareholding structure, attract diversified capital, and enter the capital market through an Initial Public Offering (IPO).

Huawei spun off Honor in 2020 after U.S. sanctions crippled the Chinese tech giant’s smartphone business. The sanctions cut Huawei off from critical technologies such as software and semiconductors. Honor was spun off to save the brand and allow it to continue to operate. Under Huawei, Honor was a mid-priced brand that found success in a handful of markets.

Honor has the largest market share in China but is still a small player globally as it has yet to build its brand. To help do that, this year, the company launched two expensive foldable phones. The smartphone maker said it would start to make preparations for the IPO.

In order to meet new strategic goals, Honor will continue to optimize its shareholding structure, attract diversified capital, and enter into the capital market through IPO (initial public offering).

The Future of Honor

The move to raise capital in the public markets underscores Honor’s aggressive push in the smartphone market as it looks to mount a serious challenge to Apple and Samsung in the high-end market. As the company starts the IPO preparation process, the composition of the Board of Directors will gradually be adjusted, in accordance with the standards of a listed company, to embrace greater diversity for meeting the relevant governance and regulatory requirements.

Honor’s announcement to go public marks a significant milestone in the company’s journey. It not only reflects the company’s ambition to compete with the likes of Apple and Samsung in the premium smartphone market but also its resilience in the face of challenges. The IPO is expected to provide the necessary capital for Honor to continue its aggressive push in the global smartphone market.

As the company starts the IPO preparation process, the composition of the Board of Directors will gradually be adjusted, in accordance with the standards of a listed company, to embrace greater diversity for meeting the relevant governance and regulatory requirements.

Honor

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Nigel Jr.
As a tech enthusiast and expert, Nigel Jr. is dedicated to providing in-depth and insightful content on all things technology. With a background in online journalism, product reviewing, and tech creation, Nigel has become a trusted source for all things tech.

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