Xiaomi is heading to San Francisco next week for its first U.S. announcement, and while the company says it won’t be selling devices in America anytime soon, it could still have some big news to share. Hong Kong-based site iFeng reports (via WatchChinaTimes) that the upstart phone-seller is considering going public, possibly on a U.S. stock exchange.
When CEO Lei Jun founded the company, he reportedly said it would take at least five years to go public. Now, sources claim the phone-maker could be ready, though it’s still weighing its options between stock exchanges in the U.S. and Hong Kong. Even if Xiaomi hasn’t made a final decision, this upcoming event could be a good way to test the waters in San Francisco.
We’ll be following news from the event closely, and even if we’re not expecting an IPO announcement we’re still not ruling it out. Either way, we’re excited to find out what Xiaomi has planned for next week’s big event.