Xiaomi All Set For $6 Billion Hong Kong IPO; Trading Commences On July 9
Xiaomi’s Hong Kong IPO has been in the news for a while, and Chinese giant has made it official with all the details ahead of the July 9 D-day. Xiaomi has currently decided to trade its stock only on the Hong Kong exchange. Xiaomi’s shares will start trading on the Hong Kong exchange on July 9, where its stock code is 1810. Coming to the primary details , the total number of shares that Xiaomi is offering through its global IPO is 2.18 billion , which comprises about 109 million Hong Kong offer shares and 2.07 billion International offer shares. The IPO is now open and those interested can apply to pick up stock in the company until 12 noon on June 28. The offer price range has been set at HK$17 to HK$22 per share , but if you’ll take the average price to be HK$19.5 per share then the net proceeds estimated to be raised from this IPO by Xiaomi comes around HK$27.56 billion (US$3.45 billion). The maximum that Xiaomi can raise through this IPO is HK$48 ...