Xiaomi prepares to gauge appetite for $10bn HK debut

xiaomi mi 6 230px
By John Loh
07 Jun 2018

Xiaomi Corp had its listing hearing with the Hong Kong Stock Exchange on Thursday, paving the way for investor education to begin on Monday if the IPO is approved.

The Chinese smartphone and devices manufacturer is looking to raise a hefty $10bn from the float as well as the issuance of the first-ever Chinese Depositary Receipts (CDR), according to a banker on the trade.

The issuer is expected to split its fundraising between a $3bn tranche ...

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