Market Chatter: Honor Adds New Investors Ahead of IPO

MT Newswires Live11-01

Smartphone maker Honor secured new investors ahead of its planned initial public offering, YiCai Global reported Thursday, citing sources familiar with the matter.

These investors include China Telecom (HKG:0728, SHA:600088) as well as funds managed by CICC Capital, by CoStone Capital and by the Shenzhen Special Economic Zone Development Group, according to the report.

Jinshi Xingyao, an investment platform for Honor's channel partners, also participated in the share sale, YiCai Global wrote.

Honor is expected to list on China's A-share market either in 2024 or in early 2025.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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