Chinese smart-home product maker Viomi jumps 5% in trading debut

ViomiViomi website

  • Chinese smart-home product maker Viomi opened for trading at $ 9.50 a share.
  • It priced shares at $ 9 apiece, raising $ 102.6 million through its initial public offering.
  • The company said it returned to profit in 2017 and generated $ 10.6 million of net income in the first half of 2018.
  • Chinese hardware giant Xiaomi is Viomi’s partner, customer, and shareholder.

The Chinese smart-home product marker Viomi opened for trading at $ 9.50 a share, up 5% from its $ 9 pricing. The initial publoc offering allowed the company to raise $ 102.6 million.

Viomi is a subsidiary of the Chinese hardware giant Xiaomi, like the fitness-tracker maker Huami. Viomi’s current flagship product is a smart-water purification system, which is responsible for nearly half of the its revenue.

See the rest of the story at Business Insider

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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