In the past few years, Chinese electronics giant Xiaomi has made its name selling phones that sharply undercut the likes of Samsung and Apple on price.
On Thursday, Xiaomi filed to list on Hong Kong's stock exchange, in a much-talked about initial public offering (IPO).
According to the South China Morning Post, Xiaomi is looking to raise $10 billion in the largest IPO by a Chinese tech company in four years.
Back in 2014, Chinese e-commerce firm Alibaba broke records when it went public on the NYSE, raising $25 billion in what is to date the largest global IPO ever.
The third-largest phone maker in China and the fourth-largest worldwide, Xiaomi's filing is also a boon for Hong Kong's stock exchange, which recently loosened its rules to try and attract more companies to list there.
By Johnny Lieu.
Full story at Mashable.
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