Millet plan IPO valuation data 'fight'
Recently, there have been rumors about the launch of the IPO of millet mobile phones on January 8. Some media reported that millet was valued at 200 billion U.S. dollars and will be listed in Hong Kong by the end of this year. In response, Beijing News reporter learned through multiple confirmations that Xiaomi indeed listed its IPO Included in the plan, has begun to recruit professional financial staff, and began to contact with the investment bank, but there are investment bank think millet reasonable valuation of 100 billion US dollars.
Yesterday, millet officials said no comment.
Millet valuation suddenly doubled within a month
In December 2017, the media made an onslaught of reports on millet IPO, which was denied by Xiaomi.Next, Lei Jun, founder of millet, said in an interview: "There is nothing to say." At that time, media reported that the investment bank millet Is estimated at around 100 billion U.S. dollars.On January 8, 2018, the industry's propaganda millet will be listed in Hong Kong, valuations rose to 200 billion U.S. dollars in a month.
Millet, established in April 2010, is now eight years old. As of the end of October 2017, the total revenue of millet has exceeded 100 billion yuan, making it one of the first billion-dollar clubs.
As early as May 2015, Lei Jun said in an interview with the media: 'A good company needs about 10 years of development, and Millet will not be listed within five years.' This statement has changed in early 2016. According to the Beijing News Reporter In early March 2016, Lei Jun said in a seminar held by the CSRC that millet does not exclude the possibility of IPO.
The end of 2017, with Millet among the billions of clubs, the news about millet IPO.According to the Beijing News reporter learned that Xiaomi indeed launched the IPO plan, but the specific time and A shares or H shares have not yet been determined.
After listing or reshaping the Internet
According to an industry source close to millet disclosed that there is no clear time plan Xiaomi start IPO rumors of the time and place is not true, the current millet time to market, the location is not conclusive, but whether it can exceed 200 billion US dollars, still need See the follow-up market environment.
The investment bank expects millet to have net profit of at least $ 1 billion in 2017 and is expected to rise to about $ 2 billion by 2018. Investment bank analysts expect the high growth of millet net profit to continue into 2019 which will also enable millet to It is fair and reasonable to make an initial public offering of 100 billion U.S. dollars in valuation.
At the press conference, the closing market cap of Tencent, Ali, Baidu and Beijing East (BATJ) stood at 532.6 billion U.S. dollars, 487.499 billion U.S. dollars and 85.119 billion U.S. dollars, respectively, after the listing of the estimated 100 billion U.S. dollars worth of millet , 64.99 billion US dollars.
■ Data
Millet valuation changes seven years
In April 2010, Lei Jun and his team, Chenxing Venture Capital and Qiming Venture Capital Co., Ltd. invested to establish Xiaomi. In the same year, it completed A round of financing of 41 million U.S. dollars and the company valued at 250 million U.S. dollars.
In December 2011, millet was raised $ 90 million in Series B rounds, valuing quadrupled to $ 1 billion.
The end of June 2012, millet announced C round of financing 216 million US dollars at this time valuation of 4 billion US dollars, while the company revenue of 12.65 billion yuan a year later in August 2013, D round of financing is completed, the valuation has reached 100 billion US dollars.
In December 2014, Xiaomi completed a valuation of 45 billion U.S. dollars in the fifth round of financing of 1.1 billion U.S. dollars.
Revenue for 2013 was approximately 26.583 billion yuan, surging to 74.3 billion yuan by 2014. However, the industry experienced a sluggish economy with a revenue of 78 billion yuan in 2015. There was no improvement in 2016 results and no specific figures were released. At that time there was no significant change in valuation.
In September 2017, Lei Jun, the chairman of Xiaomi, said that by mid-October, the goal of 100 billion yuan of revenue would be completed ahead of schedule.
In December 2017, an investment bank to Xiaomi out as high as 100 billion US dollars valuation.