Chinese media outlets want telecommunication giant Xiaomi, which literally translates to “Technology” entering Hong Kong Exchange’s main board with a public IPO scheduled for as soon as next month.
Xiaomi was founded in 2010 in Beijing. Their first smartphone was produced in 2011, and by 2015 they had already climbed to number four of the most successful smartphone companies globally. As a company, Xiaomi focuses not only on smartphones, but expands its rotation on tablets, personal computers, and TVs among other physical products.
Xiaomi would be the first company to list on the Hong Kong stock exchange after the recent changes announced by the HKEX, regarding new listings of innovative technology companies and especially biotech companies, attracting a big portion of old and new International companies.
The amount of capital raised through Hong Kong IPOs in the January-March quarter rose 81% on the year, according to Nikkei Asian Review.