Quectel Wireless Solutions is the leading global supplier of 5G, LTE/LTE-A, NB-IoT/LTE-M, Automotive, Android Smart, UMTS/HSPA(+), GSM/GPRS and GNSS modules. As a professional IoT technology developer and cellular module supplier, Quectel can provide one-stop service for IoT cellular modules. Quectel products have been widely applied in IoT/M2M fields including wireless payment, telematics and transport, smart energy, smart city, security, wireless gateway, industry, healthcare, agriculture and environment monitoring.
Quectel has been focusing on cellular and GNSS modules and already built up the industry’s broadest product portfolio covering 5G, LTE/LTE-A, NB-IoT/LTE-M, C-V2X, Android Smart, 3G, 2G and GNSS modules. These products have enabled IoT connections for over 5,000 enterprise customers in more than 150 countries and regions in the fields such as wireless payment, telematics and transportation, smart energy, smart city, security, wireless gateway, industry, life & healthcare, and agriculture & environment monitoring.
Quectel Wireless Solutions Co., Ltd. (“Quectel” or “the Company”, Stock Code: 603236.SH), the leading global supplier of cellular and GNSS modules, announced that the Company has listed its initial public offering of 22,300,000 shares of common stock at RMB 43.93 per share on the main board of Shanghai Stock Exchange today. Proceeds of the IPO will be mainly used to expand the Company’s 5G, high-speed LTE and LPWA product portfolio, and build R&D and technical support centers, which will greatly enhance its competitiveness to secure continuous and stable growth.