Huawei Open to IPO After Probably Surpassing Ericsson in Sales
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Huawei Technologies Co., China’s largest maker of telecommunications equipment, said it has an “open mind” about offering shares to the public after posting sales that probably surpassed Ericsson AB.’s.
A decision to hold an initial public offering would depend on shareholders’ interests, as the company has no immediate need to raise funds, Chief Financial Officer Cathy Meng Wanzhou said today at a briefing in Beijing. The company expects sales to rise as much as 12 percent this year following an 8 percent increase last year, she said.