The Chinese smartphone maker is looking to go public at a valuation of $50bn.
Xiaomi was the world’s most valuable startup before Uber dethroned the company. Now, it is looking to finally go public sometime in early 2018, according to insiders. Xiaomi is based in Beijing and commentators believe it will most likely list in Hong Kong, rather than New York or London. Over recent months, the company has regained ground it lost to competitors such as Huawei and is currently expanding its retail stores in India, where it has become the premier smartphone maker in less than three years after entering the market in 2014.
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