China’s Huawei Contacting Investment Banks For Advice To Seek Advice On Its IPO

Posted on Oct 5 2012 - 5:51am by Editorial Staff

According to The Wall Street Journal citing people familiar with the outreach Chinese telecommunication giant Huawei begin contacting investment banks asking for advice on issuing stock the people. The talks are regarding on how and where the company might list its stock and the what disclosure types will it make to facilitate such a step although it has not reach any decision yet to proceed with an IPO or had chosen a bank to handle such a transaction.

Earlier, we reported that the company is working on its mobile operating system as a backup option plus the company also announced that it will make an investment of $1.9 billion in UK, with an aim to create at least 700 new jobs over the next five years while making an investment. Well, in and all this, the company planning high to be a public company soon.

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