Huami (HMI) IPO Opens Up 9%

Today's IPO for Huami Corporation (NYSE: HMI) opened for trading at $11 after pricing its initial public offering of 10,000,000 American depositary shares ("ADSs"), at $11 per ADS.

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.

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.

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