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Xiaomi kicks off $6.1bn IPO in Hong Kong
2018-06-25 02:00:00| Total Telecom industry news
Chinese smartphone company Xiaomi has kicked off its Initial Public Offering (IPO) in Hong Kong, and hopes to generate $6.1 billion. The company will use proceeds from the IPO to fund its expansion into Europe…read more on TotalTele.com »
Xiaomi sets IPO price range, signs up 7 key investors
2018-06-21 08:50:00| Telecompaper Headlines
(Telecompaper) Chinese smartphone maker Xiaomi has set a price range for its IPO in Hong Kong and lined up seven key investors to participate in the offering, according to a term sheet seen by Reuters. The shares will be sold at a price of HKD 17-22 each, and seven investors including Qualcomm and China Mobile will buy a combined 10 percent stake in the group during the IPO.
Xiaomi drops mainland share offering, lowers valuation ahead of IPO
2018-06-19 11:33:00| Telecompaper Headlines
(Telecompaper) Xiaomi has decided to delay its mainland share offering until after its Hong Kong IPO and has lowered its likely valuation to USD 55-70 billion, Reuters reported. Sources with direct knowledge of the matter said the company was using this valuation in discussions with potential IPO investors. The company in March hoped to raise at least USD 10 billion from the IPO, taking its valuation to USD 80-100 million. Recent pre-IPO research from sponsoring banks valued the group at USD 65-86 billion, Thomson Reuters said.
Tags: share
offering
ahead
drops
Xiaomi receives IPO approval from Hong Kong Stock Exchange report
2018-06-08 08:35:00| Telecompaper Headlines
(Telecompaper) The Hong Kong Stock Exchange has approved Xiaomi's planned initial public offering. Xiaomi passed its listing hearing on 7 June, Bloomberg reports, citing unnamed sources with knowledge of the matter. According to the same sources, Xiaomi plans to start attracting investor demand in the next few days.
Xiaomi unveils flagship Mi 8 smartphones, standalone VR headset
2018-05-31 10:34:00| Telecompaper Headlines
(Telecompaper) Xiaomi has unveiled its new flagship smartphone series, the Mi 8, at an event Shenzen, as well as its standalone VR headset developed with Oculus. The Mi 8 and Mi 8 SE will launch first in China in June, while a more premium edition, the Mi 8 Explorer with in-display fingerprint reader and 3D face unlock, will be available later.
Tags: vr
headset
smartphones
standalone
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