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Xiaomi prepares for $10 Billion IPO

Xiaomi's eight co-founders
image credit: Xiaomi

Let's brace up! Another public offering is on the way, Xiaomi, The popular Chinese electronics brand led by Kingsoft co-founder and chairman Lei Jun is going public, Guess what? They're raising a whooping $10 Billion on the Hong Kong IPO market.

Xiaomi as a company has very awesome and innovative perks which include the company's recent promise to distribute cash back to its customer (Yes they said that) if the profit gets too high.

The company said it'll forever limit its profit margins after tax on smartphones, Home devices and other hardware to just 5%.

This upcoming IPO will be the current biggest of this year with marketers saying the company is very expectant of a valuation of well above $100 Billion, Ahead of the public offering two of its eight co-founders recently resigned from the company which comes during the company's re-structuring in preparation for its IPO.

Xiaomi's IPO will be the biggest since Alibaba's $25 Billion IPO if everything turns out well which we are pretty sure will.

The company's Chinese co-founder Lei  Jun reently lauded Chinese efforts to encourage tech listings through the issue of Chinese Depository Receipts as a way of putting up their company's shares for trade in the country.

The IPO market has gone really well this year which has seen the likes of Spotify, Docusign, Dropbox, Zscaler and a swath of other technology companies going public successfully this year.


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