Saxo Bank’s head of equity strategy Peter Garnry takes a closer look at China’s electronic and software giant Xiaomi, known as the ‘Apple of China’, as it gears up for an IPO.

Beijing-based Xiaomi, reportedly the world’s fifth largest smartphone company, is expected to sell shares in July with its market valuation rumoured to be around 70 to 80 billion USD.

On May 3 Xiaomi filed with Hong Kong stock exchange to list shares.