According to Bloomberg, Xiaomi has chosen banking firms Morgan Stanley and Goldman Sachs, with support from Credit Suisse and Deutsche Bank, to assist the company’s initial public offering (IPO), which could see it valued at $100 billion.
Citing “a person with direct knowledge of the matter”, the report went on to say that Xiaomi is also considering a China-based underwriter.
Xiaomi’s newest smartphone, the Redmi 5, launched last month.
Following a challenging 2016, Xiaomi re-entered the top five global smartphone vendors last year.
