Xiaomi Shares World's Largest IPO of Rp 135 Trillion

Xiaomi Shares World's Largest IPO of Rp 135 Trillion

Jakarta - Chinese electronics company Xiaomi has registered for its initial public offering (IPO) on Thursday.

Listing of shares to be done is targeted to raise fresh funds around US $ 10 billion or Rp 135 trillion (exchange rate Rp 13.500 / US $).
The company currently has valuation of US $ 100 billion or Rp 1,350 trillion.

Quoting CNBC, Friday (4/5/2018), the IPO value is the highest after Alibaba IPO in New York stock exchange in 2014.

Xiaomi earn revenue from the sale of electronic products it produces. Xiaomi has shown positive financial performance in recent years.