Xiaomi’s Hong Kong IPO Is Expected to Be World’s Biggest This Year

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HONG KONG—Xiaomi Corp., one among China’s prime smartphone makers, talked about it may launch its preliminary public offering in Hong Kong—bringing to city what’s anticipated to be the world’s biggest IPO this yr.

The Thursday submitting with Hong Kong’s stock change didn’t disclose particulars regarding the dimension of the deliberate offering or a projected valuation, nevertheless the agency is searching for to spice up as a minimum $10 billion, in line with people conversant within the matter. The itemizing will value Xiaomi at decrease than the $100 billion decide beforehand immediate,…

Provide hyperlink – https://www.wsj.com/articles/xiaomi-picks-hong-kong-for-its-huge-ipo-1525310632?mod=pls_whats_news_us_business_f

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