Xiaomi to raise half of $10bn IPO from CDRs

Xiaomi Corp has said that about half of its expected $10bn dual listing in Hong Kong and China will come from the offering of China Depositary Receipts to Mainland investors.

  • By John Loh
  • 15 Jun 2018


The company said in an updated filing on Thursday to the China Securities Regulatory Commission that the CDR portion will make up about 7% of its enlarged share capital.

The CDRs will be listed on the Shanghai bourse and will be underwritten by Citic Securities as sole ...

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