According to the Stock Exchange of Hong Kong Limited (SEHK) today, Xiaomi has officially submitted their IPO application documents. Xiaomi is expected to become the first company listed in the Stock Exchange of Hong Kong Limited with a dual-class share structure.
On April 28, Leijun, CEO of Xiaomi Inc. published an internal letter stating that Zhou Guangping and Huang Jiangji, two co-founders of Xiaomi, have resigned from their positions. According to the letter, the two co-founders “chose a new way of life” for personal reasons and decided to resign from their duties in the company.
On the morning of April 18, Xiaomi CEO Lei Jun, together with Xiaomi co-founder Liu De, senior vice president Wang Xiang, general manager of Xiaomi India Manu Jain and local Indian colleagues, inaugurated Xiaomi India’s new headquarters in a southern city of India.
According to Hong Kong Economic Times, Xiaomi is expected to become one of Hong Kong’s first listed companies featuring “same shares with different rights”, and will submit application for going listed in Hong Kong as early as the beginning of May.
Yesterday, the official MIUI Weibo account announced that there will be news released this morning, and the following morning, the official Weibo account of Xiaomi mobile announced that there will be a Xiaomi Mi mobile phone product launch at Wuhan University on April 25.
Lei Jun, CEO of Xiaomi, confirmed through Weibo that Xiaomi has invested in Black Shark, a gaming phone brand.
On March 5, National People’s Congress (NPC) representative Lei Jun said in an interview that the dual-class shares implemented in the Hong Kong Stock Exchange is favorable towards internet companies, and thus technology innovators are likely to list their companies in Hong Kong.
Xiaomi is currently preparing for its much-anticipated IPO, and the company will start selling smartphone products in the U.S. as early as this year.
On March 4, Lei Jun participated in the first session of the 13th National People’s Congress (NPC) in 2018 as a member of the Beijing delegation. Lei Jun put forward two suggestions on how Chinese private enterprises could build up brands overseas under the “One Belt One Road” Initiative.
On February 19, Xiaomi opened its first authorized store in the Philippines and attracted more than 2000 people to the store.