Xiaomi deserves to trade at a premium to global smartphone brands because of its market share gains and faster growth trajectory, according to Morgan Stanley, one of the banks leading the Chinese company’s initial public offering in Hong Kong. Photo: Agence France-Presse
Chinese smartphone giant Xiaomi could be twice as expensive as Apple
Xiaomi, which has been planning to raise about US$10 billion, is reportedly considering getting about half that amount from its Hong Kong IPO and the other half from an offering in mainland China
Topic |
IPO
Xiaomi deserves to trade at a premium to global smartphone brands because of its market share gains and faster growth trajectory, according to Morgan Stanley, one of the banks leading the Chinese company’s initial public offering in Hong Kong. Photo: Agence France-Presse