Smartphone Firm Xiaomi Has Reportedly Trimmed the Valuation for Its Massive IPO. Here’s Why

Xiaomi, whose upcoming initial public offering may be the largest in four years, has reportedly dialed down the hype around its worth.

The Chinese smartphone firm had, according to a Bloomberg report last week, been aiming for a $100 billion valuation. Now, according to The Wall Street Journal, it’s looking to IPO at a valuation of somewhere between $80 billion and $90 billion.