Qualcomm among cornerstone investors for Xiaomi's $6.1 billion Hong Kong IPO

Qualcomm among cornerstone investors for Xiaomi's $6.1 billion Hong Kong IPO

6 years ago
Anonymous $cyhBy-qkd5

https://www.cnbc.com/2018/06/21/chinas-xiaomi-secures-seven-cornerstone-investors-for-hong-kong-ipo.html

Chinese smartphone maker Xiaomi has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm for its Hong Kong IPO of up to $6.1 billion, according to a term sheet seen by Reuters.

Xiaomi, which also makes internet-connected devices, has set a price range of HK$17 to HK$22 ($2.17 to $2.80) each for its listing in the Asian financial hub, one of the biggest tech floats globally in recent years, showed the term sheet.

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