According to informed sources, Xiaomi, a Chinese smart phone brand, is selling shares in Hong Kong’s chief public offering at 51.3 times this year’s estimated revenue. According to data compiled by Bloomberg, assuming the over-allotment option is fully executed, the company’s market value will reach 100%. One hundred million U.S. dollars.
Xiaomi’s current valuations, such as data, show that it can be more than three times the price-to-earnings ratio of Apple’s. Compared with China’s current major Internet companies such as Tencent and Alibaba, Xiaomi also has a premium.
The bank planning the millet IPO issue declared that Xiaomi is a fast-growing company. The company started from the mobile phone brand and has continuously expanded into smart home devices and high-profit Internet services. Analyst of one of Xiaomi's IPO sponsors, Morgan Stanley Think that companies should be more valuable than Fitbit and GoPro consumer hardware manufacturers.
Even if the method is different, Xiaomi is looking for a significant premium. According to informed sources, if based on 2019 revenue expectations, Xiaomi's IPO price range can be converted to 22.7 times to 29.3 times revenue. In the high-end market, this price is still It is twice as much as Apple, and it is more than 28 times the revenue of China's largest Internet company Tencent.
Millet representatives have not commented on the multiple of P/E.