Huawei Spinoff Honor Begins IPO Path as Phone Demand Improves
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Chinese smartphone maker Honor Device Co. has begun preparations for an initial public offering, three years after it was spun off as an independent business from Huawei Technologies Co.
The Shenzhen-based firm will adjust the composition of its board to meet diversity standards for a publicly listed company, it said in a statement Wednesday, without specifying a timeline or bourse for its public debut. Honor is majority-owned by the local Shenzhen government and counts display maker BOE Technology Group Co. among its backers.