Honor plans an IPO three years after its split with Huawei

Honor, which separated from Huawei in 2020, is planning to go public (IPO) to diversify its funding after becoming China’s leading smartphone vendor in Q3.

On Wednesday, Honor’s board issued a notice that the Shenzhen-based smartphone manufacturer is planning to optimise its shareholding structure, attract diverse capital, and enter the capital market through an IPO. However, there are no details provided about the financial specifics, location, or timetable of the proposed transaction.

As the company prepares to go public, it will also make changes to its board of directors to ensure compliance with governance and regulatory requirements, according to the notice. The board will be restructured to embrace greater diversity.