Xiaomi makes unusual preparation for $100b IPO by 'forever limiting' profit margin

Xiaomi makes unusual preparation for $100b IPO by 'forever limiting' profit margin

A Xiaomi Corp. Mi 6 smartphone is displayed for a photograph during a news conference in Hong Kong, China, on Monday, June 26, 2017. Photographer: Anthony Kwan/Bloomberg

Lei Jun is making unusual preparations for what may be the biggest initial public offering of the year.

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