https://qz.com/1268796/xiaomi-files-to-go-public-in-hong-kong-in-what-will-be-the-worlds-biggest-ipo-since-alibaba-in-2014/

Chinese tech giant Xiaomi, the world’s fourth-largest smartphone maker, filed today (May 3) to go public in Hong Kong in what is expected to be the world’s biggest initial public offering since Alibaba’s $25 billion market debut in 2014.

It’s the first major company to announce plans to go public in Hong Kong after its stock exchange pushed through new rules to lure tech firms. While the filing didn’t say how much money Xiaomi is seeking to raise, it’s expected to be at least $10 billion, valuing the Beijing-based firm at $100 billion, according to multiple reports citing people familiar with the plan. That’s more than double what the firm was valued as recently as 2014.