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Capital Markets

Xiaomi's jumbo IPO seen igniting Chinese tech boom in Hong Kong

Phone maker is first to seek listing in the city after major overhaul of rules

If Xiaomi is successful in its IPO, it will become the third biggest Chinese tech company by market capitalization after Alibaba Group Holding and Tencent Holdings.   © Reuters
NIKKI SUN, Nikkei staff writer | China

HONG KONG -- Chinese technology unicorns are expected to flock to Hong Kong to list after smartphone maker Xiaomi became the first to apply to float in the city with a dual-class structure in what is expected to be the biggest such deal since Alibaba's in New York in 2014.

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