Live Updates: COVID-19 Cases
  • World 30,739,229
    World
    Confirmed: 30,739,229
    Active: 7,406,529
    Recovered: 22,375,410
    Death: 957,290
  • USA 6,928,304
    USA
    Confirmed: 6,928,304
    Active: 2,532,342
    Recovered: 4,192,774
    Death: 203,188
  • India 5,312,537
    India
    Confirmed: 5,312,537
    Active: 1,018,456
    Recovered: 4,208,431
    Death: 85,650
  • Brazil 4,497,434
    Brazil
    Confirmed: 4,497,434
    Active: 572,438
    Recovered: 3,789,139
    Death: 135,857
  • Russia 1,097,251
    Russia
    Confirmed: 1,097,251
    Active: 171,450
    Recovered: 906,462
    Death: 19,339
  • Peru 756,412
    Peru
    Confirmed: 756,412
    Active: 124,334
    Recovered: 600,795
    Death: 31,283
  • Mexico 688,954
    Mexico
    Confirmed: 688,954
    Active: 123,959
    Recovered: 492,192
    Death: 72,803
  • Spain 659,334
    Spain
    Confirmed: 659,334
    Active: 628,839
    Recovered: ?
    Death: 30,495
  • South Africa 657,627
    South Africa
    Confirmed: 657,627
    Active: 54,926
    Recovered: 586,844
    Death: 15,857
  • Chile 442,827
    Chile
    Confirmed: 442,827
    Active: 14,647
    Recovered: 415,981
    Death: 12,199
  • France 428,696
    France
    Confirmed: 428,696
    Active: 305,873
    Recovered: 91,574
    Death: 31,249
  • Iran 419,043
    Iran
    Confirmed: 419,043
    Active: 37,293
    Recovered: 357,632
    Death: 24,118
  • UK 385,936
    UK
    Confirmed: 385,936
    Active: 344,204
    Recovered: ?
    Death: 41,732
  • Bangladesh 347,372
    Bangladesh
    Confirmed: 347,372
    Active: 88,073
    Recovered: 254,386
    Death: 4,913
  • Saudi Arabia 329,271
    Saudi Arabia
    Confirmed: 329,271
    Active: 15,383
    Recovered: 309,430
    Death: 4,458
  • Pakistan 305,031
    Pakistan
    Confirmed: 305,031
    Active: 6,572
    Recovered: 292,044
    Death: 6,415
  • Turkey 299,810
    Turkey
    Confirmed: 299,810
    Active: 27,628
    Recovered: 264,805
    Death: 7,377
  • Italy 294,932
    Italy
    Confirmed: 294,932
    Active: 42,457
    Recovered: 216,807
    Death: 35,668
  • Germany 271,244
    Germany
    Confirmed: 271,244
    Active: 18,780
    Recovered: 243,000
    Death: 9,464
  • Canada 141,911
    Canada
    Confirmed: 141,911
    Active: 8,983
    Recovered: 123,723
    Death: 9,205
  • Netherlands 91,934
    Netherlands
    Confirmed: 91,934
    Active: 85,659
    Recovered: ?
    Death: 6,275
  • China 85,269
    China
    Confirmed: 85,269
    Active: 171
    Recovered: 80,464
    Death: 4,634
  • Australia 26,885
    Australia
    Confirmed: 26,885
    Active: 2,079
    Recovered: 23,962
    Death: 844
  • S. Korea 22,893
    S. Korea
    Confirmed: 22,893
    Active: 2,545
    Recovered: 19,970
    Death: 378
  • New Zealand 1,811
    New Zealand
    Confirmed: 1,811
    Active: 67
    Recovered: 1,719
    Death: 25

Huami, the subsidiary of Xiaomi debuts in the New York Stock Exchange via first IPO

Author at TechGenyz Insights
Xiaomi Huami

Today, February 9, Xiaomi announced yesterday’s debut of its subsidiary and the smart wearable maker Huami in the New York Stock Exchange (NYSE) via its first Initial Public Offering (IPO). This was as well the first NYSE IPO notched by a Chinese company in 2018.

The IPO was priced at 10 million American Depositary Shares at 11 US dollars, “well within the planned 10 to 12 dollars per share range.” The joint book runners are Citigroup, China Renaissance, and Credit Suisse.

Yesterday itself the shares of Huami went up to 2.27% in closing at 11.25 dollars apiece. Three major indices rose with Dow averaging over 1,000 points for a closure of 4.15% lower at 23,860.46.

According to the company’s Founder, Chairman, and CEO Huang Wang, they are biometric and data-driven. He added that the raised money will be primarily invested in research for more wearable devices that are being developed at Huami’s lab.

Huami NYSE
Wang also pointed out the ascending global demand for wearable devices, which makes them open to expanding, while targeting the Southeast Asian market to start with. Xinhua, the Chinese news agency reports that Wang envisions leading in the wearable device industry by enhancing healthy lifestyle perception.

As far as bringing changes in perceptions and implementations of a healthy lifestyle, China is enjoying a rapid growth with ‘significant momentum’ in terms of wearable devices. Huami sold about 11.6 million units of the devices in first nine months of last year. Frost & Sullivan reveals that this was a record accomplished by Huami surpassing every other wearable device maker.

Career

Subscribe