Private Equity
Xiaomi selected Morgan Stanley and Goldman Sachs among international banks for its planned IPO. : Beijing: Xiaomi Corp. selected Morgan Stanley and Goldman Sachs Group Inc. among international banks for its planned initial public offering, a person with direct knowledge of the matter said. Credit Suisse Group AG and Deutsche Bank AG have also been chosen to work on the IPO that could see the company target a valuation of as much as $100 billion, the person said, asking to not be identified as the details are private.

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