Xiaomi

Xiaomi Holding IPO Next Month, Targets $70B Valuation: Report

5 days ago   |   By Android Headlines

Xiaomi is reportedly set to file for an initial public offering in Hong Kong next month in a move that will supposedly put the company's value at between $65 billion and $70 billion, according to new rumors from China. Earlier reports suggested that Xiaomi was considering pursuing an IPO at the New York Stock Exchange but it has now reportedly opted for Hong Kong instead. The new valuation is less than what Xiaomi was previously said to have been targeting and the IPO itself was initially expected in the second half of 2018. Earlier this year, it was reported that the Chinese original...
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