So... where's the rest? Xiaomi walks away from IPO with less than hoped
https://www.theregister.co.uk/2018/06/29/xiaomi_ipo_sad_trombone/
Xiaomi, the hugely hyped Chinese tech company, raised less money than it wanted in a private placement this week – the biggest Middle Kingdom IPO since Alibaba in 2014.
Seeking to raise over $6.1bn on the Hong Kong exchange, Xioami is estimated to have pocketed $4.72bn. But it's still plenty with which to attack markets in the West with an aggressive business model and a pledge never to make more than 5 per cent margin on hardware.
So... where's the rest? Xiaomi walks away from IPO with less than hoped
Jun 29, 2018, 2:48pm UTC
https://www.theregister.co.uk/2018/06/29/xiaomi_ipo_sad_trombone/
> Xiaomi, the hugely hyped Chinese tech company, raised less money than it wanted in a private placement this week – the biggest Middle Kingdom IPO since Alibaba in 2014.
> Seeking to raise over $6.1bn on the Hong Kong exchange, Xioami is estimated to have pocketed $4.72bn. But it's still plenty with which to attack markets in the West with an aggressive business model and a pledge never to make more than 5 per cent margin on hardware.