Hikvision has announced the initial public offering (IPO) of 50,000,000 shares at the price of ¥68 ($10) per share on the Shenzhen Stock Exchange.
“We expect that the IPO will help us enhance the brand visibility of Hikvision in the market and award more recognition by our customers,” says Hikvision Vice President Polo Cai.
This listing will allow Hikvision to invest in product research and development to continue to deliver products and solutions for customers around the world. The company plans to continue investing in its logistics and technical service centers in the U.S. and Europe, as well as other regions and markets, in order to provide better service to customers.
“We consider the listing of our stock a noteworthy way to celebrate the company’s significant accomplishments in the last few years and to anticipate new achievements in the future,” says Hikvision President Yangzhong Hu. “There are large opportunities and challenges ahead of us, we will face it positively and fully utilize the funds gathered from the listing to expand the company’s business in video surveillance industry.”
