Home › Xiaomi drops mainland share offering, lowers valuation ahead of IPO
 

Keywords :   


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

Category:Telecommunications

Latest from this category

All news
»
05.11Boeing strike ends as workers back 38% pay rise deal
05.11Tropical Storm Rafael Public Advisory Number 6A
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Tropical Storm Rafael Graphics
05.11Atlantic Tropical Weather Outlook
05.11Eastern North Pacific Tropical Weather Outlook
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Forecast Discussion Number 6
More »