Preparing for international expansion, the Chinese manufacturer Xiaomi is preparing to enter the stock market and hopes to reach a huge valuation of 100 billion dollars.
Chinese manufacturer Xiaomi had a particularly good year in 2017, allowing it to seriously consider expanding into international markets. While it opens new distribution channels and discusses with operators, it is an IPO that is preparing and that promises to be of exceptional magnitude.
The company has already recruited investment banks Morgan Stanley and Goldman Sachs to prepare an IPO that could be done in Hong Kong (with the support of a Chinese investment bank) or in New York, according to the Financial Times.
Related: Xiaomi Mi Mix 2: the borderless smartphone returns in great shape
Above all, it could boost Xiaomi up to $ 100 billion, which could make it into the Top 10 of the most listed companies in Hong Kong and bring him the same means as several major Chinese groups already on the stock exchange as Alibaba or Tencent.
It remains to be seen whether Xiaomi will achieve such a valuation in a highly competitive environment, but the new strategy instilled by CEO Lei Jun has led to a rebound in the company that could give investors confidence.
Moreover, Xiaomi is far from content with the smartphone segment and the company has sought to position itself in new segments (urban mobility, virtual reality helmets, drones ...) and have its brand affixed to many different electronic products.
And to keep moving forward, it will need more than just fundraising ...
Source : Financial Times
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