Xiaomi of China is a fast growing company, no doubt about that. I am quite sure that the bean counters are pretty stoked up about its performance, especially the fact that Xiaomi has successfully seen a tripling of its shipments of smartphones in the previous year. In fact, the most recent round of financing saw the manufacturer being valued at a whopping $46 billion, now how about that?
This would no doubt make the company more than ready for an IPO, and hence, it is no surprise at all to hear that there are rumors making their way around concerning a public offering on the U.S. or Hong Kong markets. At this point in time, the existing speculation would see Xiaomi list its shares on whichever market that will provide them with the highest valuation.
It seems as though industry insiders have also mentioned how Xiaomi themselves have been approached by investment bankers concerning going public. Of course, this does not mean that all of the positive talk would see Xiaomi break the record which was set by Alibaba when it comes to the largest IPO in history, as Alibaba managed to raise a cool $25 billion when it went public in New York in 2015. Let’s see what Xiaomi has in store for the masses at their press conference next Thursday, shall we?
Filed in . Read more about Xiaomi. Source: wantchinatimes