Unfazed by COVID-19, Chinese phone maker UTime files for $21.6m US IPO

Unfazed by COVID-19, Chinese phone maker UTime files for $21.6m US IPO

Photographer: Victor J. Blue/Bloomberg

UTime, a Shenzhen-based manufacturer of low-cost mobile devices, has filed to raise up to $21.6 million in an initial public offering (IPO) in the US even as the market has gone dormant due to the coronavirus pandemic.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter