China's Xiaomi plans $3 billion CDRs in blockbuster July IPO: sources

China's Xiaomi plans $3 billion CDRs in blockbuster July IPO: sources

6 years ago
Anonymous $2WKDXfy9lA

https://www.reuters.com/article/us-xiaomi-china-listing/chinas-xiaomi-plans-3-billion-cdrs-in-blockbuster-july-ipo-sources-idUSKCN1J00XZ

HONG KONG (Reuters/IFR) - Chinese smartphone and connected device maker Xiaomi plans to raise up to 30 percent of its blockbuster $10 billion IPO by selling shares in mainland China while offering the remainder in Hong Kong, said people with knowledge of the matter.