China's Xiaomi secures 7 cornerstone investors for its $6.1 billion Hong Kong IPO, including Qualcomm

China's Xiaomi secures 7 cornerstone investors for its $6.1 billion Hong Kong IPO, including Qualcomm

6 years ago
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https://www.cnbc.com/2018/06/21/chinas-xiaomi-secures-7-cornerstone-investors-for-its-6-point-1-billion-hong-kong-ipo-including-qualcomm.html

Chinese smartphone maker Xiaomi has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm, for its Hong Kong initial public offering 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.

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