Xiaomi files for IPO In Hong Kong Stock Exchange

Chinese smartphone maker Xiaomi files for Mega Hong Kong IPO

Xiaomi IPO

Xiaomi is the one of the world's leading smartphone maker brand and one of the Top popular brand in India and Mi is going to release their IPO in Hong Kong stock exchange it means they are filed to go public in Hong Kong. And maybe as per some reports listing of this company is expected to be the largest listing by a Chinese Tech company in almost 4 years, and the company is currently at the fourth position in the smartphones market globally and one of the famous brand in specifically India in budget category section.

Also Read :- Xiaomi To Launch Helio P60 Powered Smartphone Soon.

And the Xiaomi is also one of the world's most valuable startup and and if we talk about the listing value of the company may be as per some reports the listing could be at up to $100 million and its gonna be a huge or a biggest Chinese Tech IPO, since Alibaba group holding Limited Raised 21.8 billion dollars back in 2014. And according to the regulatory filing with the Hong Kong stock exchange the show me also reported revenue of  $18 million and gross profit of nearly $2.3 billions in 2017.

Also Read :- Xiaomi Redmi 4A Launched In India | 🔥Price & Specification

Xiaomi is also well known as a MI in India and also globally, and the company is also popular for their destructive pricing in the budget category smartphones with the amazing specifications and the company is become very popular in Indian consumer market or we call it as Indian consumer electronics market specifically focusing on smartphone industry becomes popular day by day since its first smartphone launch in India which is also of Flipkart exclusive. So let's see what happened next in relation to IPO introduced by Xiaomi in Hong Kong Stock Exchange.

Post a Comment