Listing exercise: A Xiaomi store in Beijing. The smartphone maker filed for an IPO in Hong Kong yesterday, kicking off a process that’s expected to raise at least US10bil. — Bloomberg
BEIJING: Xiaomi Corp, going for wow-factor ahead of what could be the largest initial public offering (IPO) since 2014, has revealed a blistering pace of growth that will help it take on Apple and Samsung in global smartphones.
The Chinese smartphone maker filed for an IPO in Hong Kong yesterday, kicking off a process that’s expected to raise at least US$10bil and confer a value of US$100bil on the eight-year-old company.
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