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Xiaomi’s IPO could happen next month, $70B valuation on the cards

Xiaomi could file an initial public offering as early as next month in Hong Kong. Previously, a number of reports have claimed Xiaomi would be pursuing an IPO on the New York Stock Exchange at an initial valuation of at least $100 billion. According to a new report, however, it appears the company has had a slight change of heart.

Instead of going public over in the USA, it appears Xiaomi is now looking list itself much closer to home, on the Hong Kong Stock Exchange (SEHK). In addition, despite an initial target of either Q3 or Q4 of 2018, Xiaomi appears to have brought forward its …

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