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Wireless

Xiaomi hires Citic for Chinese depositary receipts, to file for IPO in May - report

Monday 16 April 2018 | 09:41 CET | News
Chinese mobile phone and accessories manufacturer Xiaomi has selected Citic Securities to handle its issuance of Chinese depositary receipts. Xiaomi plans to file for an initial public offering in Hong Kong in May, Bloomberg reports, citing unnamed people familiar with the matter. According to the same sources, Xiaomi is targeting a valuation of USD 100 billion. The CDR is expected to follow the IPO in Hong Kong and its size is yet to be decided, the source added.

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Categories: Mobile & Wireless
Companies: Xiaomi
Countries: China
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