Informed sources also said that a number of investment banks hope to become Xiaomi IPO underwriters, but at the same time, they also worried about the valuation of millet can reach 50 billion US dollars. Millet last round of financing occurred in 2014, when the valuation of 46 billion US dollars.
After suffering strong challenges from Huawei and Oppo, China's domestic smartphone makers, millet has regained its strength in recent months. Currently, millet is vigorously expanding the Indian market, and is expected to surpass Samsung in the market.
Informed sources said a successful IPO will bring at least 50 billion dollars in "ammunition" support for millet. This is an urgent need for the growing millet.
Today, Lei Jun, CEO of the millet, said at the World Internet Conference held in Wuzhen: "We are going to transplant the business philosophy in the Chinese market to other countries. In India, we have already made a miracle and we are the first to have it in three years."
For IPO matters, millet spokesman said the company does not comment on the IPO plan.
In fact, Silicon Valley technology media The information also reported earlier this month that millet will be listed as early as next year.
For the valuation of 50 billion US dollars IPO, some analysts said Xiaomi may reach such a valuation, depending on the business performance of millet, as well as market trends in the coming months.
At present, millet is vigorously promoting international expansion, especially in the Indian market. Lei Jun said in March this year that Milo will double its investment in the Indian market and re-invest 500 million U.S. dollars in the next 3-5 years.
Lei Jun said: "We have seen the rise of China's brand in the next 10 years, there will be more Chinese brands to grow and develop, go international, the trend is clear."