Globally, millet is expected to become the technology company with the highest IPO valuation next year as its net profit in 2017 will not be less than $ 1 billion, which is the figure of several bankers based on the company's revenue of $ 17-18 billion The forecast made is that the 2018 profit is estimated at about 2 billion U.S. dollars.
Several insiders, who declined to be named, said the above calculation included the operating cost data provided by Xiaomi.
Sources also point out that bankers and analysts expect millet profits to continue to soar in 2019 and that the $ 100 billion IPO price tag looks "reasonable."
A millet spokeswoman confirmed that the company's revenues of about 15 billion US dollars, has exceeded the revenue target this year, but declined to explain the IPO related matters or their financial conditions to be explained .It is rumored that millet is preparing for an initial public offering , Has invited a number of banks to negotiate 2018 IPO issues.
She said: 'We have never disclosed any expected net profit and growth data, and we will not respond to irresponsible speculation and rumors.'
Millet's assets, valued at $ 4.6bn in 2014 round of financing, are among the most valuable startups in the world, but their sales have stagnated in the next two years because of their over-emphasis on developing new markets, Domestic Huawei, Vivo and Oppo and many other competitors together to suppress.
Currently, the low-cost smartphone maker's business has expanded into the sale of accessories and home appliances, according to International Data Corporation (IDC) statistics, in the third quarter of this year, replacing Apple as the fourth largest smart phone supplier in China .
That's the best time to market for them, because now they are going strong, "said Kiranjeer Kaur, senior research manager, client equipment at IDC.
"Right now they happen to get a good valuation." However, she warned that companies need to focus on how to retain customers.
She added that 'Millet will need to ensure that users upgrade from low-end millet equipment to high-end millet equipment instead of abandoning millet and choosing other brands.'