Xiaomi files application for IPO in Hong Kong

Beijing-based smartphone giant Xiaomi has filed its application for an initial public offering (IPO) to the Hong Kong Stock Exchange, local media is reporting (in Chinese). The long-anticipated blockbuster IPO might be the world’s biggest one in 2018.

While the filing didn’t specify the exact amount Xiaomi is looking to raise, sources familiar with the matter said it would be at least $10 billion, which would put the IPO as the 15th biggest of all time. The IPO is expected to value Xiaomi’s business at around $100 billion.

Read More – Technode

Read More – Reuters

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s