REUTERS report that SZ DJI Technology Co Ltd, the world’s largest maker of drones for consumers, is in talks with investors for at least $500 million in funding ahead of a planned stock market debut, people with knowledge of the matter said.
DJI plans to expand into drones for sectors such as agriculture, energy, construction and for use in infrastructure inspection, two of the three sources said.
With the funding, set to be obtained via a combination of new equity and debt, the firm would be valued at about US$15 billion, nearly double its valuation in 2015, they added, declining to be identified as the information was private.
DJI, which commands 70 percent of the global commercial and consumer drone market, wants to finalise the deal in the coming months while a stock market listing either in Hong Kong or mainland China would likely take place next year, two of the sources said.
What will they do with the cash? Will this be the push into fixed wing? Will they eat up all the app companies that would collapse without them or just build new apps and compete?
Only time will tell, I am not certain if DJI will have to reveal more information about sales once listed. Fingers crossed they do!