Xiaomi seeks to raise up to $6.1 billion in Hong Kong IPO

Xiaomi seeks to raise up to $6.1 billion in Hong Kong IPO

6 years ago
Anonymous $cyhBy-qkd5

https://phys.org/news/2018-06-xiaomi-billion-hong-kong-ipo.html

Xiaomi will raise less than the $10 billion industry observers had expected, which would have valued the company at $100 billion. But it will still be among the biggest tech IPOs since Chinese e-commerce giant Alibaba raised $21.8 billion in 2014.

Xiaomi shares will start trading on Hong Kong's stock exchange on July 9 under the ticker of 1810.HK, after the public offering of 2.2 billion shares to institutional investors next week at an offer price between 17 and 22 Hong Kong dollars ($2.2 to $2.8) per share.

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