Xiaomi is moving ahead with its initial public offering plans and will be seeking final approval of the move from the Hong Kong Stock Exchange next Thursday, June 7. Sources cited by Bloomberg said the firm's efforts meant to allow for a listing in the first half of July may still fail and see the IPO pushed back, depending on the volume of questions securities regulators in the Far Eastern country end up asking. Previous reports suggested the tech giant will be targeting a valuation of up to $80 billion as it seeks to raise some $10 billion in cash. As its IPO plans are progressing, Xiaomi is preparing for the final product launch event of its startup phase, having today confirmed its Mi Band 3 wearable will be introduced alongside the Mi 8 Android flagship this Thursday, May 31.