Xiaomi eyes $6.1bn IPO in largest float for two years

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By Jonathan Breen
21 Jun 2018

Chinese technology giant Xiaomi Corp kicked off bookbuilding for its up to HK$48bn ($6.1bn) Hong Kong IPO on Thursday, set to be the largest globally in nearly two years, after a series of twists and turns that put it firmly on the market’s radar. Jonathan Breen reports.

The smartphone and devices manufacturer is floating 8.69% of its enlarged share capital, equal to 2.18bn shares, in Hong Kong. The stock, 65.3% of which is primary, is on the table at HK$17-HK$22 apiece, which gives the flotation a size of anywhere from HK$37.1bn to HK$48bn. This is ...

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