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Nikkei Markets

China's Huami Expects To Raise Up To $120 Million In US IPO

By Amy Lam
Nikkei Markets
HONG KONG (Jan 29) -- Chinese smart wearable technology company Huami Corp. said it expects to raise up to $120 million in gross proceeds from an initial public offering in the U.S.

The company is offering 10 million American Depositary Shares in an indicative price range of $10 to $12 apiece, according to a filing with the U.S. Securities and Exchange Commission.

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