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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

 

Carlsberg silent on India IPO report

2018-06-18 17:02:00| Daily beverage news and comment - from just-drinks.com

Carlsberg has declined to comment on a report it is set to launch an IPO in India.

Tags: report india silent ipo

 
 

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.

Tags: report stock hong kong

 

China Tower files for Hong Kong IPO worth possible USD 10 bln

2018-05-15 08:46:00| Telecompaper Headlines

(Telecompaper) China Tower, a mobile infrastructure operator owned by the state, has filed for an initial public offering of shares in Hong Kong. China Mobile has a 38 percent stake in China Tower, with China Unicom and China Telecom each holding around 28 percent and China Reform Holdings, a state-owned investment fund, owning 6 percent. The three carriers pay leasing fees to use China Tower's facilities.

Tags: china files hong kong

 

Avast prices IPO for market cap of nearly GBP 2.4 billion

2018-05-10 13:49:00| Telecompaper Headlines

(Telecompaper) Security software group Avast has priced its initial public offering of shares in London at GBP 2.50 per share. The company is selling a 25.3 percent stake, good for total proceeds of GBP 602 million (USD 816.6 million), giving it a market capitalisation of GBP 2.38 billion. 

Tags: market prices cap billion

 

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