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Xiaomi files for HK IPO, set to be world largest IPO since 2014

minutes 2018/05/02 17:28:00

May 31, 2018 (China Knowledge) - Chinese smartphone company, Xiaomi Corp. is set to be the biggest tech listing since Alibaba's USD 25 bln listing in 2014.

It will also be the first company to take advantage of Hong Kong listing reforms to allow companies with dual class shares structures. The IPO is expected to raise at least USD 10 bln and the business could be valued as high as USD 100 bln. According to the prospectus, Xiaomi's 2017 revenue was RMB 114.6 bln.

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