Tag: Xiaomi IPO

Xiaomi shares open for trade in Hong Kong below IPO price but it is confident about the future

Shares of Xiaomi opened for trade today under the stock code 1810 at IPO price of HK$ 17 per share, which was in the lower range, but it opened at HK$ 16.60 less than the IPO price, and later dropped to HK$ 16.30. The company last month expected the offer price range to be between HK$17 and HK$22 per share in an aim to raise anywhere between US$ 4.72 billion and US$ 6.1 billion with a valuation between 54.3 billion and 70.3 billion. Continue reading “Xiaomi shares open for trade in Hong Kong below IPO price but it is confident about the future”

Xiaomi is looking to raise up to $6.1 billion in Hong Kong IPO

Xiaomi

After postponing Shanghai IPO, Xiaomi today confirmed that it will list in Hong Kong first offering a total of 2,179,585,000 Shares (subject to the Over-allotment Option), comprising initially 108,980,000 Hong Kong Offer Shares (subject to adjustment) and 2,070,605,000 International Offer Shares (subject to adjustment and the Over-allotment Option). The offer price range is from HK$17 to HK$22 per share, so the company could raise anywhere between US$ 4.72 billion and US$ 6.1 billion. Continue reading “Xiaomi is looking to raise up to $6.1 billion in Hong Kong IPO”