Geely-backed phone maker taps banks for IPO valued at US$2bil

The startup behind popular smartphone brand Meizu is working with China International Capital Corp and Huatai Securities Co on the potential share sale this year. — Bloomberg

SHANGHAI: DreamSmart Group, the smartphone maker that last year pivoted toward developing artificial intelligence (AI) for mobile devices, has selected banks to prepare for its Hong Kong initial public offering (IPO) that may value it at more than 15 billion yuan (US$2.1bil).

The startup behind popular smartphone brand Meizu is working with China International Capital Corp (CICC) and Huatai Securities Co on the potential share sale this year, the people said.