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The Fitbit of China: Huami files for a $150 million US IPO

January 12, 2018

Huami, a Chinese manufacturer of wearable devices partnered with Xiaomi, filed on Friday with the SEC to raise up to $150 million in an initial public offering.

The Hefei, China-based company was founded in 2013 and booked $295 million in sales for the 12 months ended September 30, 2017. It plans to list on the Nasdaq under the symbol HMI. Huami filed confidentially on November 16, 2017. Credit Suisse, Citi and China Renaissance are the joint bookrunners on the deal. No pricing terms were disclosed.