Xiaomi prepares for IPO, currently valued at $69 billion!

Xiaomi prepares for IPO, currently valued at $69 billion!

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Well isn’t it nice (LeEco) when someone does the job right? It seems that Xiaomi is in the right track guys, as the Chinese company seems ready to reach its goal of shipping 70 million phones this year along with another goal: to have surpass 100 billion yuan in revenue for 2017!

Currently its smartphone sales are booming, as the Chinese tech giant is expected to hit 10 million units in shipments this September and another 10 million shipments in the fourth and final quarter of the year. This will probably result in a total revenue of up to 109.75 billion yuan ($16.8 billion USD) this year! Recent information suggests that Xiaomi’s net worth is now calculated to be approximately $69 billion, a huge increase when compared to its 2014 fiscal year, when the aforementioned figure stood at “just” $45 billion.

But that’s not all the good news we have for all those Xiaomi fans out there, as recent rumors suggest that the company may seek a New York IPO which would bring in more investors and thus help the company expand to new frontiers!

We will know more on this by the end of the year when we will see if all goals are met.

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  • cyril symbio

    not sure it’s good news