Xiaomi ready to launch themselves on the stock Exchange of Hong Kong

Regardless of the finite number, the operation will be massive and will be a new record since the ipo of Alibaba, in 2014, to $ 25 billion (21 billion euros). The chinese manufacturer of smartphones Xiaomi has planned to be listed in Hong Kong with a valuation of between 70 and 80 billion dollars, according to the Wall Street Journal.

The chinese group has however reviewed its ambitions downward, so that it was initially a valuation of 100 billion dollars. Its leaders would, however, be admitted to have been too greedy and have failed to take sufficient account of the decline of 10% of the value of the tech since the beginning of the year.

“Great products at fair pricing “

Leave a Reply