Lei Jun, chief executive officer of Xiaomi Corp., presents the company's Mi MIX 2S smartphone during an unveiling event in Shanghai, China, on Tuesday, March 27, 2018. Photo: Bloomberg
Xiaomi investors question US$100 bn IPO valuation
It’s not entirely clear whether potential buyers are balking at the initial $100 billion number for the smartphone maker, or whether bankers and executives are seeking to temper expectations so Xiaomi can enjoy a higher first-trading-day pop.
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Xiaomi
Lei Jun, chief executive officer of Xiaomi Corp., presents the company's Mi MIX 2S smartphone during an unveiling event in Shanghai, China, on Tuesday, March 27, 2018. Photo: Bloomberg