Chinese smartphone maker Xiaomi is currently in talks about a potential Initial Public Offering (IPO) as early as next year. Top company executives will be hoping for a valuation of at least $50 billion, with some of them optimistically holding out for an even higher figure.
Xiaomi was valued at $46 billion in 2014 when it last sought an injection of capital, raising more than $1 billion at that time. Hong Kong is considered the most likely destination for the business in an IPO that could raise as much as $5 billion this time around, although there is still some trepidation among bankers.
Read MoreXiaomi targets $50 billion valuation as it considers IPO next year was written by the awesome team at Android Police.
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