Xiaomi Corp., going for wow-factor ahead of what could be the largest initial public offering since 2014, has revealed a blistering pace of growth that’ll help it take on Apple and Samsung in global smartphones.

The Chinese smartphone maker filed for an IPO in Hong Kong Thursday, kicking off a process that’s expected to raise at least $10 billion and confer a value of $100 billion on the eight-year-old company. That offered investors a glimpse into the inner workings of the company controlled by billionaire Lei Jun, and its ups-and-downs since almost dropping off the radar in 2016.

Source:   Bloomberg

Date: May 3rd, 2018

Link: https://www.bloomberg.com/news/articles/2018-05-03/china-s-xiaomi-shows-off-scorching-growth-ahead-of-mega-ipo

Discussion

1) Why does it matter that a Chinese smartphone maker is raising $10 billion dollars in an IPO?

2) How big is Apple’s share of the smartphone market (and why is so small?)