Huawei Spinoff Honor Plans IPO

The move comes as Honor seeks to challenge Apple and Samsung in the high-end smartphone market.

Honor, a spinoff of Chinese tech giant Huawei, is planning to go public through an initial public offering (IPO).
The company did not disclose which country it would list in.
Huawei was forced to sell Honor in 2020 to a consortium of buyers, including the government of Shenzhen, after U.S. sanctions crippled its smartphone business.
Honor is looking to mount a serious challenge to Apple and Samsung in the high-end smartphone market.
The company has launched two expensive foldable phones this year to help build its brand.