XiaomiREUTERS/Edgard Garrido
  • Banks will pitch to Xiaomi next Friday for the initial public offering set to take place in 2018. 
  • Xaiomi was valued at $46 billion in 2014. 
  • The tech company has seen strong results this year. 

HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Inc has asked banks to pitch next Friday for an initial public offering in 2018, people familiar with the plan told Reuters.
Xiaomi was valued at $46 billion in a 2014 funding round completed before its sales stagnated. More recently it has seen expectations of its value pick up following strong results this year.
Its float could be the world's "largest technology IPO" next year, according to one of the people.