According to informed sources, Xiaomi Hong Kong’s IPO price is set at the low end of the promotion range. The company and some existing investors raised US$4.7 billion in funds. The person familiar with the matter stated that the company and its existing shareholders had issued a price of HK$17 per share. 2.18 billion shares.
Since the information was not disclosed, informed sources declined to be named. The millet representative declined to comment.
While Xiaomi’s public offering closed yesterday, Hong Kong Media reported that Xiaomi’s public subscription is over 10 times.
Xiaomi submitted an IPO application to the Hong Kong Stock Exchange in the morning of May 3. Xiaomi’s recently updated prospectus disclosed that the IPO will sell 109 million shares for individual investors, accounting for approximately 5% of Xiaomi’s global sales totaling 2.179 billion shares. The other 95% of the shares will be allocated to institutional investors. The IPO price range is between HK$17 and HK$22 per share, and the starting price for the subscription is HK$4,444. The stock code is 01810.HK.
Xiaomi made a public offer in Hong Kong from June 25th to 28th. According to Hong Kong media reports, Xiaomi’s IPO shares continued to be affected by the weak market conditions two days ago. On the second day, CFSG and Phillips were drawn by investors (unsubscription). HK$1.7 billion. A total of 14 brokerage companies have borrowed more than HK$9.7 billion (a subscription for financing), equivalent to 3.06 times oversold.
According to the 21st Century Business Herald, a Hong Kong stock new fund manager revealed: 'Because the performance of several new economic stocks in the listed stock market is not satisfactory, the customer's subscription enthusiasm is not high, we have placed some orders at the price limit of 18 Hong Kong dollars. It is understood Many institutions are subscribed in a price-limited manner. The final pricing of Xiaomi may not be in the upper limit.
Earlier, according to a person familiar with the matter, a fund under Soros intends to participate in the Xiaomi Hong Kong stock subscription, but the scale is small. In addition to Soros, former president and chairman Li Ka-shing plans to invest 30 million US dollars in Xiaomi IPO, the number of shares subscribed is unknown. Said that Alibaba founder Ma Yun and Tencent's board chairman Ma Huateng also agreed to subscribe for Xiaomi shares.