Xiaomi seeks valuation of $50 billion in IPO: Report
Chinese smartphone maker Xiaomi is in talks with investment banks about an Initial Public Offering (IPO) and seeks a valuation of at least $50 billion, according to reports. The reports also suggested that Xiaomi is considering an IPO as early as the second half of 2018. Xiaomi last raised money in 2014 at a valuation of $46 billion.