On July 8th, after nearly a month of valuation speculation, Xiaomi overcame many difficulties and finally confirmed the news of the listing. It is reported that Xiaomi will be listed on the main board of Hong Kong tomorrow (July 9), Lei Jun today Publish a full open letter "Tomorrow, let us witness the great moment!".
Lei Jun said that Xiaomi's journey is a miracle of courage and trust. In 2010, at the beginning of the establishment of Zhongguancun Yingu Building, there were only 13 employees, including co-founders Lin Bin, Ali and KK. Experienced ups and downs and faced The capital market is ups and downs, Lei Jun stressed that the successful listing of Xiaomi means great success.
In the article, Lei Jun wrote in bold that he hoped that after 100 years, people would evaluate Xiaomi, not how much equipment was sold, and how much profit was earned. Instead, we changed people's lives and explored the end of business. Be friends with users to achieve maximum unity of business value and user value.
Finally, I shared several data. Xiaomi's revenue in 2017 was 114.6 billion yuan, up 67.5% year-on-year. In the first quarter of 2018, revenue increased by 85.7% year-on-year, of which Internet service revenue accounted for 8.6%, reaching 9.9 billion yuan.
Xiaomi IPO has an issue price of HK$17, with a valuation of US$54.3 billion. It ranks among the top three IPOs of global technology stocks in history, and is also the first pilot of the 'shares of different rights' in Hong Kong's capital market.
