日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

China's Xiaomi-backed Viomi Technology debuts on Nasdaq

Xinhua | Updated: 2018-09-26 11:08
Share
Share - WeChat
People visit the stand of Viomi Technology Co during the 2017 Appliance & Electronics World Expo in Shanghai, March 11, 2017. [Photo/IC]

NEW YORK - Viomi Technology, a Xiaomi-backed Chinese seller of internet-connected home appliances, debuted on the Nasdaq stock exchange on Tuesday, trading under the ticker symbol of "VIOT."

Viomi priced its initial public offering (IPO) of 11.4 million American Depositary Shares (ADSs) at $9.00 per ADS for a total offering size of roughly $103 million, assuming the underwriters do not exercise their option to purchase additional ADSs.

Each ADS represents three of the company's Class A ordinary shares.

The underwriters for Viomi's IPO include Morgan Stanley and China International Capital Corporation Hong Kong Securities.

Shares of Viomi started trading at $9.50 per share, up 5.56 percent from its IPO price, and rose to $9.66 per share around midday.

Viomi said that the proceeds from the IPO will mainly be used for research and development of products, services and technologies; selling and marketing initiatives; potential strategic investments and acquisitions along the company's product value chain; and general corporate purposes.

Chinese tech giant Xiaomi is Viomi's strategic partner, shareholder and customer, which gives Viomi access to Xiaomi's ecosystem users, market and data resources and related support, Viomi said in its prospectus.

The company's revenues increased 284.4 percent to $157.2 million in the first half of 2018, 62.6 percent of which came from product sales to Xiaomi, said the prospectus.

Xiaomi has 19.5 percent stake in Viomi and indicated interests in subscribing up to a total of $10 million worth of the American Depository Shares in this offering at the IPO price, according to the public filing.

"By listing on the Nasdaq, Viomi hopes to better focus on the development of home appliance technology and further expand brand awareness, as Nasdaq is known as a tech-heavy stock exchange," Xiaoping Chen, co-founder and chief executive officer of Viomi, told Xinhua after the opening bell.

Founded in May 2014, Viomi has developed an IoT @ Home platform, which consists of an ecosystem of innovative IoT-enabled smart home appliances, or IoT products, together with a suite of complementary consumable products and value-added businesses.

IoT, or Internet of Things, refers to the network of physical devices embedded with electronics, software, sensors, and connectivity which enables these things.

According to the iResearch Report, China's home appliances market reached approximately $121 billion in terms of retail sales in 2017, and is estimated to grow at a compound annual growth rate of 7.8 percent from 2017 to 2022 to reach $176.5 billion by 2022.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 第四色婷婷墓地 | 色噜噜在线观看 | 国产精品三级在线 | 久操视频在线观看 | 狠狠干中文字幕 | 亚洲欧美日韩在线不卡 | 国产欧美日韩亚洲精品区2345 | 日韩在线视频免费观看 | 欧美色性 | 日本中文字幕在线视频 | 九色福利| 国产一有一级毛片视频 | 亚洲偷图色综合色就色 | 午夜播放器在线观看 | 五月天中文在线 | 久久国产免费福利永久 | 久操免费在线视频 | 亚洲国产成人精彩精品 | 久久精品视频在线播放 | 亚洲日韩中文字幕一区 | 精品久久久爽爽久久久AV | 黑人精品欧美一区二区蜜桃 | 污免费网站 | 免费一级欧美性大片 | 亚洲色图综合图片 | 啪啪在线看 | www嫩草 | 亚洲日韩视频免费观看 | 色七七网站| 亚洲欧美在线视频 | 午夜寂寞在线观看 | 成人 精品| 99爱在线精品视频免费观看9 | 亚洲码欧美码一区二区三区 | 91亚洲国产成人久久精品网站 | 蜜臀AV在线观看 | 天天操夜夜操天天操 | 日韩欧美黄色 | 热re91久久精品国产99热 | 免费一级毛片在线播放欧美 | 插下面视频 |