BEIJING, Feb. 8, 2018 /PRNewswire/ -- Huami
Corporation ("Huami" or the "Company") (NYSE: HMI), a biometric and activity
data-driven company with significant expertise in smart wearable
technology, today announced that it has priced its initial public
offering of 10,000,000 American depositary shares ("ADSs"), at
US$11.00 per ADS for a total offering
size of approximately US$110.0
million, assuming the underwriters do not exercise their
over-allotment option to purchase additional ADSs. Each ADS
represents four Class A ordinary shares of the Company. The ADSs
are expected to begin trading on the New York Stock Exchange today
under the ticker symbol "HMI."
The Company and the selling shareholders have granted the
underwriters an option, exercisable within 30 days from the date of
the final prospectus, to purchase up to an aggregate of 1,500,000
additional ADSs to cover over-allotments.
Credit Suisse Securities (USA)
LLC, Citigroup Global Markets Inc. and China Renaissance Securities
(Hong Kong) Limited are acting as
joint bookrunners for the offering.
A registration statement related to these securities has been
filed with, and declared effective by, the United States Securities
and Exchange Commission. This press release shall not constitute an
offer to sell or a solicitation of an offer to buy, nor shall there
be any sale of these securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
This offering is being made only by means of a prospectus
forming part of the effective registration statement. A copy of the
final prospectus relating to the offering may be obtained, when
available, by contacting the prospectus department at Credit Suisse
Securities (USA) LLC at One
Madison Avenue, New York, NY
10010, United States, attention:
Prospectus Department, by telephone at 1-800-221-1037 or by
emailing newyork.prospectus@credit-suisse.com;
Citigroup Global Markets Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood,
NY 11717, United States,
telephone: +1-800-831-9146; China Renaissance Securities
(Hong Kong) Limited at Unit
8107-08, Level 81, International Commerce Centre, 1 Austin Road
West, Kowloon, Hong Kong or by
telephone at +852-2287-1600.
About Huami Corporation
Huami is a biometric and activity data-driven company with
significant expertise in smart wearable technology. Since its
inception in 2013, Huami has quickly established its global market
leadership and recognition by shipping millions of units of smart
wearable devices. In the first nine months of 2017, Huami shipped
11.6 million units of smart wearable devices, more than any other
company in the world, according to Frost & Sullivan. Huami owns
a large biometric and activity database in the global smart
wearables industry. Huami's mobile apps, Mi Fit and Amazfit,
collect over ten dimensions of measurement including heart rate,
electrocardiograph, weight, body fat compositions, GPS running
track, steps, sleeping duration, etc. Huami's mobile apps work hand
in hand with its smart wearable devices and provide users with a
comprehensive view and analysis of their data. With a wide range of
data from a large number of users, Huami is well-positioned to
develop new application scenarios for smart wearable technology and
drive innovation. Huami has been the sole partner of Xiaomi, a
leading mobile internet company and global consumer electronics
brand, to design and manufacture Xiaomi-branded smart bands,
watches*, scales and associated accessories, including the Mi Band
series.
*Excluding children watches and quartz watches
For investor and media inquiries, please contact:
In China:
Huami Corporation
Yujia Zhang
Tel: 86-10-5940-3255
E-mail: ir@huami.com
The Piacente Group, Inc.
Ross Warner
Tel: +86-10-5730-6201
E-mail: huami@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Alan Wang
Tel: +1-212-481-2050
E-mail: huami@tpg-ir.com
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SOURCE Huami Corporation