On the morning of April 16th, Xiaomi refused to comment on the news that Xiaomi Rice, which was reported by Hong Kong media, filed for listing in Hong Kong in early May.
According to the Hong Kong Economic Times, Xiaomi is expected to be Hong Kong's first listed company with 'shares of the same stock'. According to reports, Xiaomi is basically ready. It will announce that the stock exchange will announce the final results of the listing system consultation next week. Submit applications for listing in Hong Kong at the beginning of the month, and then consider listing matters in the CDR in the Mainland.
The report also stated that Xiaomi had no shortage of pre-IPO shareholder sale activities in recent months. The selling price indicated that the company's valuation ranged from US$65 billion to US$70 billion. Previously, there were several versions of Xiaomi’s valuation, such as US$100 billion. Even Million Dollars, Millet did not comment.
For the current Hong Kong media report, Xiaomi is still moving forward, and declined to comment.
After experiencing a downturn in 2015 and 2016, Xiaomi’s re-emergence in 2017 was considered to be a good IPO time point.
In early 2017, Xiaomi’s chairman and CEO Lei Jun set a goal of shipping 70 million units with a revenue of over 100 billion yuan. Xiaomi realized this goal in October 2017.
For 2018, Lei Jun set a shipping target of 100 million units. He also proposed that Xiaomi would enter the Fortune 500 in 2018, and ranks 500th in the 2017 Fortune Global 500 Ranking of AutoNation. The revenue was US$21.608 billion, which was approximately RMB 143.4 billion. This means that Xiaomi’s revenue target for 2018 may be around RMB 14-40 billion.