There have been rumors regarding the listing of Chinese manufacturing giant, Xiaomi in Hong Kong. Now, reports out of China suggests that Xiaomi will submit applications for listing in Hong Kong at the earliest in May.
If this happens, Xiaomi will become one of the first listed companies with “different shares”. According to reports, Xiaomi is confident that its valuation will be over $100 billion which will make it rank 11th in Hong Kong shares blue-chip market capitalization. According to the recent trend of Xiaomi’s shareholders’ share sale, Xiaomi’s valuation is around $65-70 billion, which is an increase of at least $20 billion from the last valuation in October 2014. Even with a valuation of $70 billion, Xiaomi will become the world’s largest technology company IPO following Alibaba (nearly $200 billion in 2014).