Meizu, backed by Geely, is attracting banks for a $2 billion IPO

DreamSmart Group, a smartphone manufacturer that focused on developing artificial intelligence for mobile devices last year, has selected banks to prepare for an initial public offering in Hong Kong, which could be valued at over $2.1 billion.

The startup behind the popular smartphone brand Meizu is working with China International Capital Corp. and Huatai Securities Co. on a potential stock sale this year. Discussions are ongoing, and details of the IPO, including the composition and size of the banks, may change.

Source: bloomberg.com