Interested users are now able to participate in Xiaomi’s IPO using Blackmoon’s platform. The Chinese smartphone maker, Xiaomi, is planning to raise 30% of it blockbuster $10 billion IPO selling shares in China and Hong Kong, according to Reuters. Before, the intention was to raise $10 billion in an initial public offering (IPO) in Hong Kong.
Xiaomi IPO
The IPO is going to be the largest around the world in four years and one of the first in Beijing under the new rules implemented by the government. It is important to mention that Xiaomi is going to be among the first overseas-listed Chinese firms to search for a secondary listing at home with the new Chinese Depositary Receipts (CDRs). 
During the last years, companies have been launching an important amount of Initial Coin Offerings (ICOs) a way to gather funds by selling a token that later could be used in a platform or as an investment tool. It seems that Xiaomi decided to take the traditional way to raise funds and invest in the future growth of the company.
The Xiaomi token will be an asset token referenced by the shares of the Xiaomi Corporation. The objective of the company and the token is to provide investors exposure to the Xiaomi Corporation. Interested individuals can participate in the performance of Xiaomi through the Blackmoon platform.
The currency available for the IPO will be the US Dollar and liquidity will be within 93 days after the initial public offering.
The management team is guided by Lei Jun, the founder, chairman and CEO of Xiaomi. Other important team members are Lin Bin, co-founder and president and Li Wanqiang, co-founder and chief brand officer of the company.
The company is offering the Xiaomi Asset Tokens (known as BMxXMI) that are available for purchasing in Blackmoon’s platform. This may be a great opportunity for blockchain investors and cryptocurrency enthusiasts to diversify their portfolios with this acquisition.
Xiaomi was able to become the 4th largest smartphone company in the market in just 7 years, and its position may keep increasing in the future. At the moment, over 70% of its revenue is related to smartphone sells, and over 20% comes from IoT and lifestyle products.
It is important to mention that the Blackmoon is the first company in the history to tokenize an IPO allowing investors to access Xiaomi’s IPO.
