Xiaomi confirms $6.1b HK float target
By Evelyn Yu in Hong Kong | China Daily | Updated: 2018-06-22 07:15
Chinese mainland smartphone maker Xiaomi announced it aims to raise $6.1 billion in its blockbuster Hong Kong listing this July.
It will be the biggest IPO globally since 2016 despite a reduction in its valuation and the postponement of its Chinese depositary receipt plan.
Xiaomi will take orders from institutional investors through June 28, and launch the IPO on July 9.
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