Xiaomi plans IPO to raise up to $100 billion

  • Last month, Xiaomi executive Wang Xian said that the company, rumored to be in talks with U.S. carriers, will finally establish a presence in the states within two years. To help the company gear up for the heavy financial load that such a move requires, Xiaomi is planning an Initial Public Offering (IPO) to raise as much as $ 100 billion. Just four years ago, the manufacturer raised more than $ 1 billion in a deal that valued the firm at $ 45 billion. Just the year before that, in 2013, the firm had a valuation close to $ 13 billion.

    Last year was a strong bounce back year for Xiaomi after …

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