On June 12th, Xiaomi Company has already submitted IPO applications to the Hong Kong Stock Exchange and the China Securities Regulatory Commission. The operating data of these companies have been officially disclosed in recent years. However, the valuation has not yet been finalized. Recently, major institutional analysts sent investors an analysis report on Xiaomi.
According to Bloomberg News, as one of the underwriters of the Xiaomi IPO, Goldman Sachs analysts believe Xiaomi’s market value is between US$70 billion and US$86 billion. Morgan Stanley, one of Xiaomi’s Hong Kong IPO underwriters, said in a report this week that Xiaomi’s current fair value can reach US$84.8 billion.
JP Morgan Chase Bank analysts said in another report that due to strong cash flow growth, Xiaomi’s current fair value is US$71 billion to US$92 billion.
According to a report learned by Fenghuang Wang Technology, CLSA analysts believe that Xiaomi has established a huge internet service platform through a unique and successful business model. They believe Xiaomi’s market value is between US$80 billion and US$90 billion. .
China CITIC CLSA Report
In another report, Credit Suisse analysts pointed out that as an innovation-driven internet company, Xiaomi is well-suited to "iceberg theory". Internet service profits are 90% below the iceberg. They believe that Xiaomi's market value is worth 71 billion U.S. dollars. Between $94 billion.
Credit Suisse report
The Hong Kong Economic Times said today that if Xiaomi is listed on the Mainland and Hong Kong on July 9 and 10 respectively, its public offering will be conducted from June 25 to 28 and will be priced on the 28th; On July 16 and July 17, the public offerings will be postponed between June 29 and July 5, and will be priced on July 5.