Millet's valuation of $ 46bn at the time of financing was completed in 2014. Sales of millet went on to a halt and after the strong rally this year, millet's valuation is expected to start to rise.
Informed sources said that millet is expected to choose to be listed in Hong Kong or the United States, its IPO next year is expected to become the world's largest technology companies listed on the 'millet IPO size is huge,' informed sources said '100 billion US dollars valuation is not a Crazy numbers.
Millet briefly became the world's top-rated start-up in 2014. Informed sources said it valued about 55 billion U.S. dollars as of the end of June, but two other insiders said that according to Xiaomi's expected profit, Xiaomi's Valuation should be much higher than this figure.
Millet has not yet comment.
On the one hand, Xiaomi was trying to expand internationally; on the other hand, Xiaomi also had to contend with fierce competition from Chinese domestic rivals such as Huawei, OPPO and vivo, Brazil and Indonesia, but this year, Xiaomi restarts selling mobile phones in over a dozen countries, including Indonesia, Vietnam, Russia, UAE and Ukraine.
According to a report released by market research company Canalys, Xiaomi has replaced Apple as the fourth-largest smartphone maker in China by sales volume, thanks in part to Xiaomi's focus on opening offline stores.
Just before the exposure of the listing plan for Xiaomi, a series of Chinese technology companies and financial technology companies have been successfully IPO in recent months. Several Chinese companies have been considering going public next year, including a review of the U.S. group worth 30 billion U.S. dollars , The last round of financing valuation of 18.5 billion US dollars Lu Jin.
Lei Jun, the founder of millet, once said that millet will not be listed before 2025. However, insiders said that the bull market in the stock market and favorable earnings data accelerated Xiaomi's listing plan.
Xiaomi's entry into Spain in early November marks the first time that the company has entered the Western European market, and Xiaomi has restarted its stalled global expansion plan to enter the United States and other developed markets around Europe.