Huami Corporation #IPO Preview ($HMI)


Company: Huami Corporation
Symbol: HMI
Description: They are transforming the way individuals connect with the Internet and with each other through smart wearable technology and data-driven innovations.
Shares: 10 million ADS
Price Range: $10.00-$12.00
Trade Date: 2/8
Underwriter(s): Credit Suisse, Citigroup, China Renaissance
Terms Added: 1-26-18

Link to S-1/A Prospectus

Link to Retail Roadshow

BusinessThey shipped 11.6 million units of smart wearable devices in the first nine months of 2017, more than any other company in the world, according to the Frost & Sullivan Report. As of September 30, 2017, they had shipped a total of 45.3 million devices since their inception in 2013, quickly establishing their global market position and recognition.

They believe they have one of the largest biometric and activity databases in the global smart wearables industry. Their mobile apps, Mi Fit and Amazfit, work hand in hand with their smart wearable devices and provide users with a comprehensive view and analysis of their biometric and activity data. As of September 30, 2017, their mobile apps had 49.6 million registered users, from whom they collect over 10 dimensions of measurement that include heart rate, ECG, weight, body fat compositions, GPS running track, steps, sleeping duration, etc.

Financials: They have achieved significant growth since their inception. Their revenues increased by 73.6% from RMB896.5 million in the year ended December 31, 2015 to RMB1,556.5 million (US$233.9 million) in the year ended December 31, 2016, and increased by 37.4% from RMB943.5 million for the nine months ended September 30, 2016 to RMB1,296.2 million (US$194.8 million) for the same period of 2017.


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