Beijing Kingsoft Office Software Files for IPO on the Science and Technology Board
After more than five months of preparations, Beijing Kingsoft Office Software (Kingsoft Office) finally filed for IPO on the science and technology board. As Chairman of the Board of Directors of Kingsoft, Lei Jun, better known as Xiaomi’s CEO, played an important part in the listing.
On the evening of October 29, Kingsoft 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 CEO Lei Jun has worked at Kingsoft Corporation, the mother company of Kingsoft Office since 1992, and has been Chairman of the Board of Directors of Kingsoft Corporation since July 2011. Previously, Lei retired from the board of many listed companies such as Cheetah Mobile and Yy Inc., and concentrated on promoting the development and public listing of Xiaomi. However, he did not withdraw from Kingsoft Corporation completely.
SEE ALSO: Xiaomi CEO Lei Jun Announces First Post-IPO Structural Adjustment
Kingsoft Office has been a company that Lei Jun, Xiaomi‘s CEO incubated from scratch. The move to land on the science and technology board is a major step for Kingsoft 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 Corporation approved the split listing of Kingsoft 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 Powerword, a free translation app. Both products are available on mainstream operating platforms such as Windows, Linux, MacOS, Android, iOS, etc.