Xiaomi said to be seeking June 7 listing hearing for US$10B IPO [Business News Network (BNN) Energy & Resources (Canada)]
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Source: Business News Network
Xiaomi said to be seeking June 7 listing hearing for US$10B IPO Xiaomi Corp. aims to seek formal Hong Kong stock exchange approval on June 7 for an initial public offering that could raise about US$10 billion, people with knowledge of the matter said. The Beijing-based smartphone maker hopes to price the share sale late next month if its application is approved by the bourse’s listing committee, according to one of the people. The timing for the so-called listing hearing could slip, depending on the volume of questions from the exchange ahead of the meeting, another person said, asking not to be identified because the information is private. Xiaomi, led by serial entrepreneur Lei Jun, is one of the most anticipated deals in what’s expected to be a banner year for Hong Kong IPOs. The listing, which could become the world’s biggest first-time share sale since 2014, is expected to mint dozens of new millionaires from the early employees who bought stock in Xiaomi. The company has recentl
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