Xiaomi files for world's biggest IPO since Alibaba in 2014
Chinese smartphone maker Xiaomi has filed for an IPO (Initial Public Offering) in Hong Kong, which is expected to be the world's biggest IPO since Alibaba's $25-billion debut in 2014, according to Bloomberg. While Xiaomi didn't reveal how much it is looking to raise, reports suggested it to be over $10 billion. The listing could value Xiaomi at $100 billion.