Xiaomi has filed an IPO in Hong Kong, marking the first tech company listing in the special administrative region in recent times. This is a result of loosened rules for allowing companies with multiple classes of shares to raise equity. The report from Bloomberg says Xiaomi is looking to raise at least $10 billion in the IPO, valuing the company at $100 billion. This will most likely be the biggest offering for a tech company in 2018 and the biggest since Alibaba's IPO for $25 billion in 2014. The initial public offering lets public investors join the company that was just...
Source: https://www.gsmarena.com/xiaomi_file_ipo_hong_kong-news-30836.php
