Smartphone brand Honor Tech, which licences products from China, plans to go public with an initial public offering (IPO) in the next four years to expand its manufacturing operations and retail presence in India, a top official said.
“IPO, for me…is not just about the topline, but also the bottom line because without being profitable, we cannot just get into the financial markets,” Honor Tech managing director Madhav Sheth told ET.
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The company, which launched its second smartphone in the country on Thursday, has already achieved profitability in trading its products in the market, but is yet to achieve operational…
