Xiaomi planning biggest ever IPO at $100 billion: Report
Chinese electronics company Xiaomi is planning biggest-ever initial public offering (IPO) next month and is targeting a valuation of about $100 billion, according to reports. Xiaomi has reportedly chosen Morgan Stanley, Goldman Sachs Group, Credit Suisse Group AG and Deutsche Bank AG for its IPO. The last biggest IPO was Chinese conglomerate Alibaba Group's $25-billion debut in 2014.