The manufacturer of smartphones Xiaomi is headed for a “mega” introduction to stock Exchange

The chinese manufacturer of smartphones Xiaomi has begun discussions with banks with a view to its introduction on the stock Exchange. According to the agency Bloomberg, who was able to speak with sources close to the matter, the transaction could value the company at $ 50 billion (€42 billion). It is expected to occur in the year 2018, probably with the stock Exchange of hong Kong. It would be the largest ipo of a technology group since, in September 2014, the chinese giant of online selling Alibaba on Wall Street.

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Founded in 2010, Xiaomi has taken full advantage of the growth of the smartphone market in China, where sales more than quadrupled between 2010 and 2015, to $ 430 million units passed. At the height of his glory, Xiaomi was seen in 2014 as the start-up of the best valued in the world ($46 billion). It must be said that the manufacturer that markets a full range of consumer electronics products – was able to occupy the first place in China, accounting for 17 % of the market in 2015. But since then, he has been hit hard by competition from its local rivals, Huawei, Oppo and Vivo, which have been relegated to the fourth place on the chinese market.

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