Xiaomi has been one of the most fastest growing smartphone company. This can be seen from the sales in the recent months. There are also instances where it sold Millions of smartphones online within seconds. It has boosted the sales of the device as well as it’s earning. Well, for Xiaomi lovers we have a good news. The Chinese smartphone giant is planning a $100 billion IPO soon. It is mostly expected to take place in the second half of the 2018.
Along with this, the brand also has chosen world’s leading finance firms. It’s main partners are Morgan Stanley, Goldman Sachs, Credit Suisse and also Deutsche Bank. This $100 Billion IPO is all set to outshine the IPO’s by various technology based firms like Snapchat, Twitter and also the big one i.e. Facebook. Facebook’s valuation was $104 Billion in 2012 and reports cite that it would beat this benchmark.
Sale of over 70 million devices worldwide especially in India helped it hit it’s target of $15 Billion. Even though there were instances of it being out of the race due to other giants like Huawei, Oppo and Vivo. But this did not hurt it’s sales.
Often called the ‘Apple of the East’, Xiaomi’s devices will soon to hit US markets too. This step will for sure make it the best.