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Xiaomi Mute on Report of Near-Term IPO

News reports say that smartphone-maker Xiaomi Inc. is in talks with bankers about having an initial public offering as early as next year. Above, Xiaomi's first store in Spain opened in Madrid on Nov. 11. Photo: Visual China
News reports say that smartphone-maker Xiaomi Inc. is in talks with bankers about having an initial public offering as early as next year. Above, Xiaomi's first store in Spain opened in Madrid on Nov. 11. Photo: Visual China

Chinese smartphone maker Xiaomi Inc. declined Monday to comment on a report that it is planning an initial public offering (IPO) as early as next year.

If true, the report would represent a sharp acceleration of plans that had been publicly outlined by the phone-maker’s CEO only last year.

U.S. website The Information reported late last week that Xiaomi was in talks with bankers about a possible 2018 listing, citing sources familiar with the matter. Xiaomi is most likely to list in Hong Kong, but New York has not been ruled out, the report said.

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