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Huami prices IPO at $11, within the range

February 8, 2018

Huami, a Chinese manufacturer of low-cost wearable devices partnered with Xiaomi, raised $110 million by offering 10 million shares at $11, within the range of $10 to $12. Huami plans to list on the Nasdaq under the symbol HMI. Credit Suisse, Citi and China Renaissance acted as lead managers on the deal.