Xiaomi became a $100 billion phone brand without wooing the West

Jan15

by Sindy Cator on January 15, 2018 at 1:23 pm

Chinese phone giant Xiaomi is believed to be preparing for its IPO. This will be the first time the company has sold its shares to the public — retail and institutional investors alike. The company is potentially aiming for a mammoth $100 billion valuation, which would eclipse other recent tech IPOs, like Twitter and Snapchat, by a considerable margin. Xiaomi has reportedly roped in Credit Suisse, Deutsche Bank, Morgan Stanley, and Goldman Sachs to help. According to Bloomberg, Xiaomi is also looking to tap Chinese financial institutions, and is yet to decide when and where the IPO will take plalce.…