HMD Global preparing for the Initial Public Offering or stock market?

After being described as a startup company, HMD Global, a company that is leading the Nokia operation in the smartphone and feature phone market, is ready for the next step. According to job offerings posted on LinkedIn, HMD Global is in search of a Corporate Controller. This job position requires the person to be responsible for financial reporting, audits, and other compliance areas of HMD group companies.

Also, the Corporate Controller will be required to take accounting to International Financial Reporting Standards or the IFRS, continue developing automated accounting operations and preparing HMD Global for IPO in the near future.
This is rather interesting since the last requirement suggests that HMD Global will be entering the stock market where the company stocks will be offered to various investors.
HMD just raised the highest ever funding from Google, Qualcomm, Nokia, and others, which triggered some thoughts about the creation of a stable European smartphone manufacturer. With stocks in the market, future investments will become a stake in the company, and it will be interesting to see who will want Nokia (smart)phones to get even better and succeed.
It is time maybe for HMD Global to stop being a startup and takes its operations to the next level. With the recent funding coming to the game, there is a chance of strengthening its position in key markets like India, South America, and Africa, but also start better expansion to the European and US markets.

Anyway, if you have a Masters degree with 10-12 years’ global experience in Corporate Controlling or a similar accounting/finance position, check out the LinkedIn post.

Cheers to John for the tip 😉