Recently, media reports said that the IPO time of Xiaomi has been confirmed, it will be listed in Hong Kong in the second half of this year, but the specific month has not been finalized. However, the news that Xiaomi will be listed in Hong Kong has been reported since last year, but all be denied by Xiaomi.
In December 2017, news showed that Xiaomi was working with the investment Banks to discuss initial public offering (IPO), the listing venue or in Hong Kong. The news also mentioned Xiaomi was considering the fastest listing for next year with at least $50 billion valuation target. Subsequently, Reuters reported that Xiaomi had invited Banks to submit bids for an initial public offering for the company in 2018.
In early 2017, Leijun set a small target of $100 billion in revenue this year. In July of the same year, Leijun set a target for Xiaomi to ship 100 million units next year.
Actually, Xiaomi had exceeded its target of 100 billion yuan ($15.2 billion) in revenue by the end of October 2017. According to the sales report of all channel mobile phones released by d.phone in 2017, Xiaomi ranks among the top five in the world by 10.3% of the proportion and is the Internet brand with the highest sales volume.
The news that the company will be listed in Hong Kong in the second half of the year is understandable. Mr Lei’s $100 billion target has already been achieved, and his ambitions for Xiaomi to be listed are not impossible.