China’s Xiaomi, one of the world’s biggest smartphone makers, is talking to bankers about an initial public offering as early as the second half of next year, people familiar with the matter said.
It would be the public market debut of one of China’s most widely recognized tech brands. Xiaomi was valued at about $46 billion in its last fundraising round in late 2014, which made it the world’s most valuable private tech company at the time, even above Uber. But since then, the Beijing-based startup has struggled to sustain its momentum and live up to the hype.
