By now we know very well Viomi, the sub brand of Xiaomi specialized in the creation of smart appliances. You will therefore be happy to know that it is Viomi is planning an initial public offering in the United States. The company, which has just four years under its belt, could reach a value of about 200 million dollars in the sale of shares. Viomi, based in the city of Foshan, in the south of China, among its investors in addition to Xiaomi also includes Sequoia Capital and the sovereign fund GIC Pte. Any agreement would add, about 6 billion dollars collected in the first sales of US shares from Chinese companies this year, compared to 4 billions of dollars throughout the last year, data collected by Bloomberg.
The Viomi society would become the second public-sector Xiaomi partner, after Huami Corp. also raised $ 126,5 million in a US IPO in February. Shares of Huami have risen 2,7% since trading began, outpacing the 6,8% gain of the S&P 500 over the same period. That deal was followed by Xiaomi itself, which completed a $ 5,4 billion Hong Kong dollar stock offering in June.
Viomi plans an IPO in the United States
Sul Viomi's website features a large photograph of founder Chen Xiaoping, wearing a dark turtleneck that is so reminiscent of the style of the late Apple CEO Steve Jobs. Among the most important and desired products we remember the Viomi dishwasher, the air and water purifiers that can be controlled via the company's mobile app. Its smart refrigerator has a voice recognition function that includes commands such as temperature reset, phone call retrieval, music playback, and requests for recipe recommendations. In short, this could be another small step that would allow Xiaomi to enter the US market and assert its value.
