Xiaomi said to eye valuation of at least $50b in IPO

Xiaomi said to eye valuation of at least $50b in IPO

Xiaomi CEO Lei Jun. Photographer: Dhiraj Singh/Bloomberg

Xiaomi Corp., the Chinese smartphone maker that was once the most valuable startup in the world, is in talks with investment banks about an initial public offering and seeking a valuation of at least $50 billion, according to people familiar with the matter.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter