According to foreign media reports, according to informed sources, China’s smart phone maker Xiaomi, which is preparing for listing on the Hong Kong Stock Exchange, has a target valuation of between US$70 billion and US$80 billion.
The company submitted a prospectus to the Hong Kong Stock Exchange last week and will soon be listed. It is expected that it will become one of the world's largest technology companies.
The company currently does not disclose the size of the listed financing or the company's expected valuation details. However, according to informed sources, the current valuation range is lower than the previously discussed $ 100 billion.
According to informed sources, the company plans to raise at least $10 billion in initial public offerings.