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FINANCIAL SERVICES | Staff Reporter, Hong Kong
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Xiaomi reportedly tapped Morgan Stanley and Goldman Sachs for IPO

Sources speculated that either Hong Kong or New York will host the blockbuster listing.

Chinese smartphone maker Xiaomi reportedly tapped Morgan Stanley and Goldman Sachs for its planned initial public offering, according to an insider source cited by Reuters. 

Credit Suisse Group and Deutsche Bank AG have also been selected to work on the IPO which could reach a valuation of up to $100b.

Reuters adds that Xiaomi’s IPO, which is poised to be the largest since Alibaba’s $25b debut, will likely be held in Hong Kong or New York. 

Here’s more from Reuters:

Photo from Panigrahiasmitku - Own work, CC BY-SA 4.0

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