Xiaomi Big IPO is Coming — Here’s What It Really Means for Tech Investors
Big money is going to be poured in this promising company that is preparing to invade the world, starting in Europe.
With only just 8 years, Xiaomi is a chinese electronics company famous for making smartphones, apps, laptops and other consumer products. Some call it the “Apple of China”, for its strong influence in the innovation sector and for the way it has changed the tech industry in this vastly giant country; making it the 4th largest phone builder in the world.
In 2017, Xiaomi had a revenue of $18 billion, big numbers for a clearly young manufacturer, something that took many years, even decades for Apple to achieve. Consisting of more than 15,000 employees located in China, India, Malaysia, Singapore and many others, the company is getting ready for an initial public offering (IPO) that will be in the headlines of many newspapers and publications across the globe.
The date is July 9 and the place is the Hong Kong stock exchange. 2.18 billion shares at HK$17-HK$22 each one. The buzz is so big, that various experts are noticing an attractive demand comparable with the early moments of the iPhone in 2007.
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Curious facts about this event:
- The co-founders and first employees are going to be extremely wealthy after the bell rings.
- The company CEO (Lei Jun) has been awarded with a stock worth more than $1.5 billion for its contributions, shares that are going to increase massively in value.
- The trade war between China and the US diminished the expectations of investors, now they want to raise $6.1 billion instead of the $10 billion originally wanted.
- Xiaomi wants to increase its presence in Europe once the IPO gets solid results. Serious competition for rivals like Samsung, Apple and Motorola.
- An extraordinary momentum, Xiaomi launched beautiful stores in France and Italy this last month.
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