Millet promote A + H shares dual listing, is expected to become the mainland's third-largest technology stocks

According to the mainland media "Investment Community" quoted several sources close to millet, millet IPO may finalize A + H shares of double line.According to the media, "all-weather technology" obtained a millet Pre-IPO financing program shows that at present Millet underlying assets valued at 54 billion US dollars, after the listing of conservatively estimated market value of 100 billion US dollars.Another argument is that Lei Jun millet set a $ 200 billion target, and was approved by the investment bank.And hundreds of billions of dollars of valuation This means that, once it becomes real, it will become the largest listed technology company since Alibaba went public in the United States in 2014.

Prior to this, the speculation about the listing of millet mostly focused on boarding the Hong Kong Stock Exchange (SEHK) at the end of the third quarter of this (2018) year and becoming one of Hong Kong's first public companies with different rights on the same shares, and now it is not just Hong Kong, the mainland market will also welcome this technology giant.

Alibaba currently has a market capitalization of approximately US $ 477.194 billion, Tencent has a market capitalization of approximately HK $ 4,105.63 billion, Jingde City has a value of approximately US $ 67.1 billion and Baidu Capital has a value of approximately US $ 87.6 billion. Market participants also expect the market value of Xiaomi to surpass Baidu and Baidu Jingdong, becoming second only to Tencent, Alibaba's mainland's third-largest technology stocks.

Xiaomi IPO has aroused the concern of the global capital market. In mainland China, the VC / PE behind it is also looking forward to a long time. From 2010 to 2014, Xiaomi completed a total of 6 rounds of financing and many investors, including Morningstar , Qiming Venture Partners, IDG Capital, Temasek Holdings, DST, GIC, Magnolia Investments and Yunfeng Fund.

However, it is not yet known whether the whole millet group or part of the business market.According to public information, millet third quarter 2017 profits of 400 million US dollars, in addition, millet ecological chain sales in 2017 exceeded 20 billion yuan. Also pointed out that the Lei Jun millet technology company in Xiaomi Milpitas shares 77.8%, Li Wanqiang 10.12% stake, if the successful listing of millet, Lei Jun will likely have the opportunity to become the new richest man on the mainland.