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Xiaomi CEO blames trade war for turbulent stock market debut
2018-07-09 02:00:00| Total Telecom industry news
Xiaomi shares got off to a rocky start in their first day of trading on Monday, with the CEO laying the blame on the US-China trade war. The Chinese device maker's Hong Kong IPO raised HK$37 billion (US$4…read more on TotalTele.com »
Xiaomi raises HKD 24 billion in IPO
2018-07-06 09:21:00| Telecompaper Headlines
(Telecompaper) Xiaomi has raised HKD 24 billion (EUR 2.6 billion) in net proceeds from its initial public offering of shares, after pricing the IPO at the low end of the expected range. Despite the offering being over-subscribed, the company priced the shares at HKD 17 each, the bottom of the indicated range of HKD 17-22. The stock will start trading on 09 July in Hong Kong.
Xiaomi IPO shows strong demand at lower price
2018-07-06 02:00:00| Total Telecom industry news
Xiaomi has revealed that its arguably over-hyped initial public offering was almost 10 times oversubscribed in Hong Kong, the Chinese equipment maker having priced its shares at the low end of its previously announced range…read more on TotalTele.com »
Tags: price
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strong
Xiaomi keeps sights on US market, hopes to avoid political turmoil
2018-07-05 09:06:00| Telecompaper Headlines
(Telecompaper) Xiaomi said it has connections in the US that will help the company avoid the political obstacles other smartphone makers from China are facing, Reuters reported, citing a statement from senior VP Wang Xiang. The company is firmly set on entering the US market next year and is adding engineering resources to develop versions of its handsets that are compatible with US mobile networks. Wang added that talks with US carrier had not yet produced concrete agreements.
Tags: market
political
avoid
hopes
Xiaomi kicks off IPO in Hong Kong
2018-06-25 09:24:00| Telecompaper Headlines
(Telecompaper) Xiaomi has confirmed the start of its initial public offering of shares in Hong Kong. The company will sell 108.98 million shares to local investors and 2.07 billion in an international offering, at a price range of HKD 17-22 per share. Subscription starts 25 June, and the shares are expected to trade from 09 July.
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