The Xiaomi IPO ended last week. The whole listing process can be described as twists and turns. After experiencing the valuation dispute, suspending the CDR, the first day of the IPO, the flight, and so on, the situation of the large-scale offline trading price fell by 5%.
Hong Kong's first new stock, Xiaomi (stock code: 1810.HK), which has different rights in the same stock, will be listed on Monday (9th). Market news that Xiaomi's large-scale off-exchange price is 16.15 yuan, which is lower than the offer price of 17 yuan. %, the transaction amounted to 220 million Hong Kong dollars (28 million US dollars). One pass, Yao Cai and Fortune and other brokers reminded customers, if Xiaomi broke in the retail OTC transaction on Friday (July 6), holding higher financing If the subscriber is not willing to make up the position, it may be sold on the official trading next Monday.
According to market sources, Xiaomi’s signing rate is 100%, that is, everyone has a share, and the number of people subscribed is 110,000. Among them, more than 25,000 people apply for one. The IPO public offering is 8.5 times and the frozen fund is 23 billion. Compared with the previous 10 times subscription, it is still lower than the original expectations.
On June 29, Xiaomi's valuation dispute was settled. Xiaomi's IPO issue price in Hong Kong was finally set at HK$17/share, which was at the lower limit of the offer price range of HK$17-22. Based on this calculation, Xiaomi's listing was valued at US$53.9 billion. According to the Xiaomi prospectus, the number of shares offered by Xiaomi Group is approximately 2.18 billion shares, calculated at a price of HK$17 per share. The financing of Xiaomi is HK$37.06 billion. Xiaomi will officially announce the results on Friday (July 6). On the same day, brokers will have retail investors trading.
When the IPO of Xiaomi continued, it was infringed.
Recently, the Beijing Intellectual Property Court accepted Yuan Gongyi v. Xiaomi Technology Co., Ltd., Xiaomi Communication Technology Co., Ltd. (collectively called Xiaomi Company) infringed the 3GPP standard essential patent case. The plaintiff claimed that Xiaomi Company did not have its authorization to do so at home. The production and sales of Xiaomi 5X, Xiaomi Max2, Xiaomi Note3 and other 12 kinds of millet series mobile phones use the patent technology involved, requesting the court to order the defendant to stop the infringement and compensate the economic loss of 50 million yuan and corresponding reasonable expenditure.
Xiaomi, who has been controversial all the way, has also broken records. It is reported that Xiaomi will be included in the Hang Seng Composite Index after 10 trading days, setting a record for the fastest inclusion of the Hang Seng Index in the history of Hong Kong stocks. Xiaomi was officially listed on July 9. After the listing, his future trend will continue to be a hot spot of concern.