Viomi’s $102.6 Million IPO
September 25, 2018
Cleary Gottlieb represented Morgan Stanley and CICC, as joint bookrunners, in the $102.6 million initial public offering of Viomi Technololgy Co. Ltd. (Viomi).
The deal priced on September 24, 2018, and closed on September 27, 2018. Viomi’s American depositary shares, each representing three of its Class A ordinary shares, began trading on the Nasdaq Stock Market on September 25, 2018.
Viomi is a producer of innovative internet-connected smart home appliances, together with a suite of complementary consumable products and value-added businesses. Chinese consumer electronics company Xiaomi Corp. is Viomi’s strategic partner, one of its principle shareholders, and its largest customer.