China's Huawei is reportedly considering listing itself and has reached out to banks for advice, as part of efforts to raise its transparency, and improve its chances of winning contracts in markets like the United States.
In a report Thursday, the Wall Street Journal (WSJ) said Huawei's conversations with banks involved advice on how and where it might be able to list, and the type of disclosures it would need to proceed with a initial public offering (IPO), citing people familar with the outreach.
There is no timetable set for the plans, and the company is leaning towards a U.S. listing over Hong Kong or London, it noted.
Huawei spokesman William Plummer said in the article, the company did not comment on market rumors, but "if and when such a thing happened it would be when it makes commercial sense".
According to WSJ, Huawei began to reach out to banks for IPO advice after it was forced to give up on a small acquisition early last year amid opposition from U.S. government.
Last week, Huawei had commented it was considering a dispel any concerns over the company and China. It has been banned from tendering for work in Australia's National Broadband Network (NBN) ., which it hoped would
The Chinese firm is also in markets such as the , which has been investigating claims that Huawei and its Chinese counterpart ZTE are linked to the country's military and are .
Huawei is a private company, which is wholly-owned by its employees.