Xiaomi looks for IPO next year

Xiaomi looks for IPO next year

Chinese smartphone maker Xiaomi is set to go public next year according to Bloomberg. The phone vendor is already talking to investment banks about a possible initial public offering and hopes to raise at least $50 billion from the IPO. However, industry sources suggest that Xiaomi is being highly optimistic about its valuation.  According to the Bloomberg report, some executives have even been talking about raising $100