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31-01-2018, 07:57 PM
Chinese smartphone giant Xiaomi expected to launch Hong Kong IPO in September
Chinese smartphone maker Xiaomi is reportedly valued at as much as US$110 billion as it aims for an initial share sale in Hong Kong
Peggy Sito & Zhang Shidong
PUBLISHED : Wednesday, 31 January, 2018, 1:53pm
UPDATED : Wednesday, 31 January, 2018, 2:43pm
Xiaomi, the Chinese smartphone maker, is said to be aiming for an initial public offering (IPO) in Hong Kong in September to raise funds as it embarks on a global expansion drive.
The Beijing-based company has appointed Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan and Morgan Stanley to work on its share sale, according to a person familiar with the matter, who asked not to be named because the discussions are private. A representative for Xiaomi declined to comment on the company’s IPO plans.
Xiaomi, founded and led by billionaire Lei Jun, is taking advantage of a boom in Chinese technology stocks to raise funds in Hong Kong, which is revising its rules to lure more technology and biotech listings. Tencent Holdings, Asia’s most valuable company by market capitalisation, may be set to join the Hang Seng China Enterprise Index, known as the H-share index, after more than doubling its share price on the city’s benchmark index in the past year, while online insurer ZhongAn Online P&C Insurance drew tremendous demand for its IPO.
More details in http://www.scmp.com/business/companies/a...-september
Chinese smartphone maker Xiaomi is reportedly valued at as much as US$110 billion as it aims for an initial share sale in Hong Kong
Peggy Sito & Zhang Shidong
PUBLISHED : Wednesday, 31 January, 2018, 1:53pm
UPDATED : Wednesday, 31 January, 2018, 2:43pm
Xiaomi, the Chinese smartphone maker, is said to be aiming for an initial public offering (IPO) in Hong Kong in September to raise funds as it embarks on a global expansion drive.
The Beijing-based company has appointed Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan and Morgan Stanley to work on its share sale, according to a person familiar with the matter, who asked not to be named because the discussions are private. A representative for Xiaomi declined to comment on the company’s IPO plans.
Xiaomi, founded and led by billionaire Lei Jun, is taking advantage of a boom in Chinese technology stocks to raise funds in Hong Kong, which is revising its rules to lure more technology and biotech listings. Tencent Holdings, Asia’s most valuable company by market capitalisation, may be set to join the Hang Seng China Enterprise Index, known as the H-share index, after more than doubling its share price on the city’s benchmark index in the past year, while online insurer ZhongAn Online P&C Insurance drew tremendous demand for its IPO.
More details in http://www.scmp.com/business/companies/a...-september
Specuvestor: Asset - Business - Structure.