The company is taking advantage of changes by Hong Kong that allowed companies with different share classes to list.
Of course, this also suggests that Xiaomi is making good money through its internet services - mainly ads and value-added services.
The company makes the lion's share of its profit - 60 percent - from internet services, including gaming and advertising linked to its homegrown user interface, MIUI, which had 190 million monthly active users as of March 2018.
Xiaomi doubled its shipments in 2017 to become the world's fourth-largest smartphone maker, according to Counterpoint Research, defying a global slowdown in smartphone sales.
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As Reuters reports, the listing could value Xiaomi at $100 billion, nearly five times what fellow Chinese tech firm Alibaba raised in 2014. The wide spectrum of products includes air purifiers, rice cooker, wearables, electric scooter, Mi TV, Mi Drone and etc. Xiaomi said it registered a revenue of 23.5 billion yuan a year ago from its ecosystem.
The company reported its detailed financials for the first time, ahead of the anticipated IPO.
While Xiaomi continued to expand its product portfolio to include more smart home devices and lifestyle products, it had also been working hard on expanding its physical presence around the world. The company faced supply chain as one of the biggest operational challenges to handle, which has a direct impact on the sales.
Xiaomi has expanded to Internet of Things devices and focused on worldwide markets in the last two years, especially India, where it has surpassed Samsung as the leading smartphone maker. But that's still a fraction of the 80 billion yuan ($12.5 billion) it made from smartphone sales.
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The tech firm is also expected to issue Chinese depository receipts (CDRs) after it goes public.
While Xiaomi has expanded to Southeast Asia, Europe and Russian Federation, it still does not sell smartphones in the United States, where Huawei and ZTE have recently faced official resistance due to suspicion that their devices could pose risks to national security.
Chinese tech companies have also found themselves caught up in a trade dispute between Washington and Beijing. In its filing Thursday, the company said that in the event of trade or import protection policies, "our business and operations may be adversely affected".
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All of the other women affected would also be informed by today and given an appointment with a clinician free of charge. It comes as Taoiseach Leo Varadkar has said there will be an inquiry into the controversy over the screenings.