On February 5th, some media outlets reported that "Meizu is in talks for a new round of financing worth 800 million to 1 billion U.S. dollars, aiming to prepare for an IPO." TechWeb reached out to Li Nan, the Vice President of Meizu, for confirmation. Li Nan responded, "We are not aware of any financing plans, and the IPO has not been officially confirmed yet."
This isn't the first time news about Meizu's potential IPO has surfaced. In January 2016, founder Huang Zhang had already hinted at the company’s intention to go public. On his verified Weibo account, he wrote, "Meizu sold over 20 million units in 2015. Our goal for 2016 is to stabilize growth, generate profits, and move forward with the IPO. Wishing everyone a happy New Year!"
When asked about the recent financing rumors, Li Nan told TechWeb, "We don’t have any information about it." When pressed further on whether there was a specific amount involved, Li Nan remained silent and did not provide a response before the deadline for this report.
Looking back, Meizu had previously raised significant capital. On July 21, 2014, the company completed its first round of funding, selling 10% of its shares for over 2 billion yuan, with a valuation exceeding 20 billion yuan. Then, on February 9, 2015, Meizu secured a $650 million investment, with Alibaba leading the round by investing $590 million.
Following the Alibaba investment, many media outlets described Meizu’s growth as entering a “fast lane.†At a year-end media event, Li Nan announced that Meizu’s smartphone sales surpassed 20 million units in 2015, representing a 350% year-on-year increase. For 2016, the company set a target of selling 25 million units. (By Wang Kaka)
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