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Xiaomi to seek $50-bn valuation in IPO

While banks have talked up Xiaomi's prospects as they seek to win the mandate, they have concerns about whether the company can reach the $50 billion level

Peter Elstrom & Lulu Yilun Chen | Bloomberg 

Xiaomi, the Chinese smartphone maker that was once the most valuable start-up in the world, is in talks with investment banks about a possible initial public offering and seeking a valuation of at least $50 billion, according to people familiar with the matter. The Beijing-based company is considering an offering as soon as next year with banks suggesting Hong Kong as the most likely destination, said the people, requesting not to be named because the matter is private. While banks have talked up Xiaomi’s prospects as they seek to win the mandate, they have concerns ...

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First Published: Tue, December 05 2017. 01:26 IST
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