Xiaomi Hosts IPO Kick-off Meeting, Expects US$100 Billion Valuation
Xiaomi is long rumored to go public, and it might happen finally in the second half of this year. The company is aiming for $100 billion valuation with an Initial Public Offering (IPO). Apart from Xiaomi, several other Chinese tech companies are also set to go public in 2018, and their most favorite destination will be Hong Kong. According to Caixin, Xiaomi hosted an IPO kick-off meeting last week in China.
The company will most likely go with Hong Kong as its IPO venue. It has said to have chosen Goldman Sachs, Morgan Stanley, and few other top financial institutions as joint sponsors for the IPO. However, there is no official confirmation from the company about these details. We might get more details about the Xiaomi’s IPO in the coming months.
While Xiaomi is a popular smartphone brand, its portfolio also includes several sub-brands like Yi, ZMI, and Mijia. Apart from smartphones and smartphone accessories, Xiaomi also caters to various other sectors like wearables, smart health devices, home automation, Internet of Things (IoT), luggage, clothing, and many more. You can find all the Xiaomi products on our “Everything Xiaomi” page.
On the other hand, the company has been aggressive in expanding its market presence. Last year, it opened Mi Home stores in Greece and Spain. Next month, the company is expected to enter the Italian market by open a Mi Home store in Milan. If the rumors are to be believed, we might even see a Mi Home store in Barcelona before the MWC 2018 kicks off. According to few reports, Xiaomi is now the largest smartphone brand in India.