People familiar with the matter said millet is expected to be listed in Hongkong or the United States, and next year's IPO is expected to become "the world's largest technology company on the market". "The IPO of millet is huge," people said, "the $100 billion valuation is not a crazy number."
Millet was briefly the world's highest valued venture in 2014. Informed sources said that as of the end of June, millet valuation of about $55 billion. But two other insiders say that Millet's valuation should be far higher than that, based on the expected profit of millet.
Millet has not yet been evaluated.
In 2016, the sales of millet smart machines were stagnated. On the one hand, millet is trying to expand internationally; on the other hand, millet is also facing fierce competition from HUAWEI, OPPO, vivo and other Chinese local rivals. At that time, millet withdrew from a number of overseas markets, including Brazil and Indonesia. But this year, millet has restarted selling mobile phones in more than a dozen countries, including Indonesia, Vietnam, Russia, the United Arab Emirates and Ukraine.
Canalys, a market research firm, released a report showing that Xiaomi has replaced apple as the fourth largest smartphone manufacturer in China, thanks to the fact that Xiaomi focuses on opening offline stores.
A series of Chinese science and technology companies and financial technology companies have been successful in IPO in the last few months, before the marketing plan of millet is exposed. Now, several Chinese companies are considering listing next year, including a US $30 billion review and a last round of $18 billion 500 million in the last round of financing, Lu Jin.
Lei Jun, the founder of millet, has said millet will not be listed before 2025. However, people familiar with the situation said the market's bull market and good financial data have speeded up the millet listing plan.
At the beginning of November, millet into Spain, this is the company's first foray into the market in Western europe. Millet has restarted its stagnant global expansion plan and marched into other developed markets around the United States and Europe.