Huawei, the embattled Chinese mobile company looking to expand its footprint internationally, is now eyeing an initial public offering, according to a new report.
Huawei has contacted investment banks to learn more about the process that would eventually takes its shares public, the Wall Street Journal is reporting today, citing sources. The company isn't sure yet where it might list its stock, and doesn't know how that process might go, according to the Journal's sources.
Over the last several months, Huawei, which derives much of its business activity from telecommunications equipment, has come under fire in the U.S. and Australia as it tries to expand its services to those countries. Lawmakers in the U.S. are concerned that if use of Huawei's networking equipment is allowed, it could share the data it collects with the Chinese government.
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