HONG KONG—Xiaomi Corp., one of China’s top smartphone makers, said it would launch its initial public offering in Hong Kong—bringing to the city what is expected to be the world’s biggest IPO this year.
The Thursday exchange filing with Hong Kong’s stock exchange didn’t disclose details about the size of its planned offering or a projected valuation, but the company is seeking to raise at least $10 billion, which could value it at around $100 billion, according to people familiar with the matter.
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