Xiaomi IPO plan reportedly eyes $200b valuation

Xiaomi Corp plans to go public in the second half of 2018, reportedly seeking a valuation of up to $200 billion, as the smartphone firm steps up its globalization efforts.

If the valuation is recognized, Xiaomi would be the biggest technology initial public offering after Alibaba Group Holding Ltd, which raised a record-breaking $25 billion for a $231.4 billion market value in 2014.

Xiaomi is considering an IPO in either Hong Kong or New York, news.163.com said on Monday, quoting people familiar with the matter.