Xiaomi set to launch Hong Kong IPO
Published : Friday, 27 April, 2018Xiaomi is a major tech company, and it is always trying to come up with new stuff. They are currently launching a new IPO at the stock exchange in Hong Kong. The thing to keep in mind is that this is a great IPO and they are confident of being valued of around $100 billion, although rumors place them in between $70 and $200 billion, which is quite impressive!
According to Charles Li, a Hong Kong Exchanges and Clearing LTD executive, he was very sure that Xiaomi would have a very successful IPO launch. There are some important sponsors behind the Xiaomi IPO, which include Morgan Stanley, CITIC Securities as well as Goldman Sachs.
Xiaomi is always trying to adapt and offer new solutions, and this actually makes a lot of sense for them from a production standpoint. Plus, their new IPO can do wonders for the society as a whole, so that would be an all-around beneficial event. Xiaomi’s Lei Jun stated that his company’s after-tax hardware-related revenue is slated to be capped 5%, and the rest of the revenue over that amount would be returned to the customers one way or another.