In a move signaling its aggressive ambitions in the fiercely competitive smartphone market, Honor Device Co., Ltd. (referred to as “Honor”) has officially commenced the critical phase of its initial public offering (IPO) on the A-share market. According to the China Securities Regulatory Commission’s official platform, the company has filed for IPO guidance with the Shenzhen branch of the CSRC, marking a significant step towards a public listing.
The filing reveals that Shenzhen Zhixin New Information Technology Co., Ltd. is Honor’s controlling shareholder, currently holding a 49.55% stake in the company. The appointment of China Securities Co., Ltd. as its guidance broker underscores Honor’s commitment to navigating the complex IPO process. This sets the stage for Honor’s journey towards becoming a publicly traded entity.
Back in November 2023, Honor announced its intention to optimize its shareholding structure and attract diverse capital to fuel its next stage of strategic growth. The company cited the goal of accessing the public markets as a key driver in this strategy.
Further solidifying its plans, Honor Device Co., Ltd. was restructured into a joint-stock company on December 28, 2024, and officially changed its name to Honor Device Co., Ltd. This transformation signifies the completion of the shareholding system reform, a crucial prerequisite for launching the IPO.
This structural overhaul paves the way for a timely IPO launch.
Reports indicate that Honor has already secured the backing of over twenty investors. Notably, in 2024, entities like China Mobile, China Telecom, and funds affiliated with CICC Capital have invested in Honor.
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