Wed, Jul 11, 2018

Srividya Gopalakrishnan Discusses the Recent Xiaomi IPO Listing on Channel News Asia

Srividya Gopalakrishnan, Managing Director in the Valuation Advisory Services practice, shared her views on the Xiaomi IPO listing in Hong Kong on July 10, 2018. She shared that investor interest in the IPO was strong given the company managed to get half a billion dollars worth of investments from seven mega investors in addition to pre- IPO funding from angel investors.

Xiaomi has been trying to change market perceptions and be seen as an internet services company, as seventy percent of its current revenues are from smart phones and thirty percent from Internet of Things and other services. One of the strategies the company will adopt is to invest into the smart home ecosystem which will change this revenue mix in the future.

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