Headquarters of Xiaomi Inc., Beijing China.

Skadden, Arps, Slate, Meagher & Flom, Clifford Chance, JunHe and Jingtian & Gongcheng have landed lead roles on Chinese smartphone maker Xiaomi Corp.’s upcoming Hong Kong initial public offering.

The Beijing-based company, which took in revenue of more than 100 billion yuan ($11.6 billion) last year, did not specify how much it planned to raise in a filing with the Hong Kong Stock Exchange on Thursday. But Bloomberg reported the deal would be at least $10 billion, making it the largest initial public offering since 2014, when Alibaba Group Holdings Ltd. raised $25 billion in a listing on the New York Stock Exchange.

The Chinese manufacturer of smartphones is among the first batch of applicants to file since the Hong Kong Stock Exchange revised listing rules on Monday to allow dual-class shares, a structure preferred by many technology companies.

Skadden Hong Kong partners Julie Gao and Christopher Betts are leading a team representing Xiaomi. JunHe is advising the issuer on Chinese law with a team that includes Xiao Wei, Shi Tiejun, Li Zhi, Sun Xiaojia, all in Beijing.

Clifford Chance is acting for underwriters CLSA Capital Markets Ltd., Goldman Sachs and Morgan Stanley Asia Ltd. with a team led by partners Tim Wang in Beijing, Jean Thio in Singapore and Amy Lo and Fang Liu in Hong Kong.

Jingtian & Gongcheng Beijing partners Gao Xiang, Chen Jinjin, Hu Zhengzheng, Zhang Rongsheng and Shanghai partner Ye Yusheng are serving as Chinese counsel to the banks.

Xiaomi was founded in 2010 by Chinese entrepreneur Lei Jun. The company shipped 27 million phones in the first quarter of this year, making it the world’s fourth-largest smartphone maker.