Xiaomi files for an IPO in Hong Kong

Xiaomi has filed an IPO in Hong Kong, marking the first tech company listing in the special administrative region in recent times. This is a result of loosened rules for allowing companies with multiple classes of shares to raise equity. The report from Bloomberg says Xiaomi is looking to raise at least $10 billion in the IPO, valuing the company at $100 billion. This will most likely be the biggest offering for a tech company in 2018 and the biggest since Alibaba's IPO for $25 billion in 2014. The initial public offering lets public investors join the company that was just...



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