It is not news that Xiaomi is trying to get listed on the stock exchange in New York but maybe not everyone knows that the smartphone manufacturer (and not only) Chinese is preparing to launch its public offering (IPO) also to Hong Kong and probably everything should be defined at the beginning of May.
Xiaomi has not yet officially expressed itself on the question but theHong Kong Economic Times published an article which states that the company based in China will submit an IPO application at the beginning of May this year and that the evaluation will be around 10 million dollars from 65 to 70 although earlier IPO reports suggested an assessment of 100 billions of dollars considering the excellent results obtained by Xiaomi at the end of 2017 and with equally positive 2018 beginnings.
Apparently working on the Xiaomi IPO, in addition to the Morgan Stanley and Goldman Sachs Group companies, The companies Credit Suisse Group AG and Deutsche Bank AG were also involved. Previously, Xiaomi senior vice president, Wang Xiang, said in an interview with CNBC that the company is currently gathering the "resources" necessary for a major boost in the United States, a successful IPO that will guarantee Xiaomi the necessary inflow of funds for expand further in the new markets.
In any case, even with an evaluation of 70 billions of US dollars, Xiaomi will become the world's largest IPO technology company after Alibaba (almost $ 200 billion in the 2014). In the past the company of Lei Jun, in the 2014 was valued 45 billions of dollars and since then has obtained amazing financial successes like the exceeding your 2017 target (18) registering a Net profit of 1 billion dollars on an annual turnover of 100 billion yuan (about 15 billion dollars), so much so that Fr.For 2018 Xiaomi has decided to double its goal setting this to a value of 2 billions of dollars in net profit. Well Xiaomi, we can only wish you a big good luck.
