Industry

Beijing Kingsoft Office Software Files for IPO on the Science and Technology Board

Oct 30, 2019, 14:51pm2019/10/30 14:51:40 Gabriel Li

After more than five months of preparations, Beijing Kingsoft<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Office Software (Kingsoft<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Office) finally filed for IPO on the science and technology board. As Chairman of the Board of Directors of Kingsoft<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />, Lei Jun, better known as Xiaomi’s CEO, played an important part in the listing.

On the evening of October 29, Kingsoft<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Office released a letter of intent for listing, issuance arrangements and preliminary inquiry notice. The company will start filing for IPO today and launch an offline roadshow.

Xiaomi<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> CEO Lei Jun has worked at Kingsoft<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Corporation, the mother company of Kingsoft<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Office since 1992, and has been Chairman of the Board of Directors of Kingsoft<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Corporation since July 2011. Previously, Lei retired from the board of many listed companies such as Cheetah Mobile<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> and Yy Inc., and concentrated on promoting the development and public listing of Xiaomi<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />. However, he did not withdraw from Kingsoft<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Corporation completely.

Kingsoft<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Office has been a company that Lei Jun, Xiaomi<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />‘s CEO incubated from scratch. The move to land on the science and technology board is a major step for Kingsoft<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> to relocate from the Hong Kong stock market and return to the A-share market. It has been three years since the board of directors from Kingsoft<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Corporation approved the split listing of Kingsoft<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Office in November 2016.

According to the disclosure of the prospectus, it is a leading domestic office software and service provider, mainly engaged in the design, development and sales promotion of WPS Office software products and services. The company focuses on value-added services based on company products and related documents, and relevant internet advertising services.

The company’s products mainly include WPS Office and Kingsoft<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Powerword, a free translation app. Both products are available on mainstream operating platforms such as Windows, Linux, MacOS, Android, iOS, etc.

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