China's Xiaomi files for mega Hong Kong IPO lifts lid on financials
China's Xiaomi files for mega Hong Kong IPO lifts lid on financials. Smartphone. and connected device maker Xiaomi filed for a Hong Kong initial public offering on Thursday that could raise $10B and become the largest listing by a Chinese technology firm in almost four years. Xiaomi’s IPO, which will be one of the first in Hong Kong under new
rules to attract tech firm listings is a major win for the bourse as competition heats up between Hong Kong, New York and the Chinese mainland. The listing is expected to raise about $10B via the public offering, giving Beijing-based Xiaomi a market value of between $80B and $100B, people familiar with the plans told Reuters. Read more here.