Annual cross-year capital market news, was undoubtedly millet listed this year; as to which market to choose, there is no conclusion.
Beginning in the fourth quarter of last year, the rumor that millet is expected to go on the market this year has swept the capital market, but its officials did not respond.
Several media quoted people familiar with the news that millet has chosen Morgan Stanley and Goldman Sachs as an IPO underwriter, Credit Suisse, Deutsche Bank and CITIC Securities was also selected to participate in the public offering.For millet company valuation, the news that its Investment banks negotiate and seek at least $ 50 billion in market capitalization, but many investment banks think there is no problem with $ 100 billion in market capitalization. Once millet has access to capital markets in 2018 with valuations of more than $ 50 billion, it will be since Alibaba's IPO in 2014 (231.4 billion US dollars), the largest listed technology companies.
Nearly millet executives revealed that Xiaomi IPO time has been set, will be the end of this year, but the specific month has not been finalized.Walls will choose to be listed in Hong Kong.In addition, there are close to millet executives disclosed Lei Jun indeed In November last year, it contacted investment banks; according to them, Lei Jun synchronized the target of 200 billion U.S. dollars and was endorsed by the investment bank. According to the report, some people inside Millet have started to buy back the employees' options with a valuation of 95 billion U.S. dollars, Thousands of options have been worth over one million yuan.
Millet may test the news of all parties, the most obvious example is the listing of China-meter technology.
The US Securities and Exchange Commission (SEC) said on the 12th that if the technology company of Xiaomi has submitted an IPO prospectus, this means that HuaMei Technologies will soon be listed in the United States.
The Hua Mi submitted IPO prospectus and did not announce the specific pricing, but through its content, we can understand that the first three quarters of Wami Technology revenue of 1.296 billion yuan and net profit of 95.37 million yuan in 2016 over the same period revenue With a total revenue of RMB15.56 billion and a loss of RMB19.04 million and a net profit of RMB23.94 million for the same period of 2014. Revenue for the third quarter of 2017 was RMB744 million, an increase of 27% over the same period of last year but down 3% from the previous quarter.
According to the prospectus, YM Technology CEO Huang Wang holds 39.4% of the shares, the first single largest shareholder of WEM Technology Co., Ltd. Shunwei is the second largest shareholder of 20.4% of the capital stock, and Xiaomi's People? Better? Limited 19.3% shareholding, Lei Jun controlled 39.7% stake in the enterprise, higher than Huangwang.
Analysis of the financial sector have pointed out that at this stage of the assessment, perhaps more likely to go to Hong Kong listed. 'For millet's listing process, not only need to consider the partner system restrictions on the listing, but also need more attention To the valuation of the market after the market valuation. 'The source explained that the former words, the recent exchange rate has been made on the' shares of the same rights' made a statement, intends to relax restrictions on this restriction.
Since millet did not disclose its financial data, the outside world can not know how much its net profit, after the market adjustment agencies estimate the average profit per millet is $ 2. According to this calculation, millet mobile phone business last year net profit will reach 180 million USD plus millet ecological chain business income, estimated millet revenue is about 58 times the technology, the net profit of about 20 times the market according to this calculation, millet IPO valuation should be 800 billion US dollars. There are also market sources said The investment banks participating in the talks have already indicated to Xiaomi that as the profit of Xiaomi in 2018 will increase substantially, it is possible to realize the valuation of 100 billion U.S. dollars at the time of listing.
But recently there are media reports Xiaomi market valuation of 200 billion US dollars! Uproar in the market, too exaggerated, as a result, Lei Jun will be the richest man in the world.Maybe perhaps the listing of Wal-Mart, Millet can draw the outline of the valuation, Millet and Lei Jun may be enjoying such a state yet.