Haier Is Said to Weigh Hong Kong IPO of Cosmoplat Business

Haier Smart Home Co., a major home appliance manufacturer, is considering an initial public offering (IPO) of its internet-of-things subsidiary, Cosmoplat, according to people familiar with the matter. The move aims to unlock the value of Cosmoplat, which focuses on developing and commercializing smart home technologies. The potential IPO is still in the early stages, and the details, such as the size and timeline, have not been finalized. Haier Smart Home is reportedly exploring a Hong Kong listing for Cosmoplat, which could raise funds to support the unit's growth and expansion. Cosmoplat has been a strategic focus for Haier, as the company seeks to capitalize on the growing demand for connected home devices and services. The IPO would allow Cosmoplat to operate more independently and potentially access additional capital to drive its technological advancements and market penetration. The news comes as Haier Smart Home continues to enhance its position in the global smart home market, leveraging its expertise in home appliances and its digital transformation initiatives.