Xiaomi announced IPO allotment results: Oversubscription 9.5 times | Announced results today

On July 6th, Xiaomi issued a morning announcement on the Hong Kong Stock Exchange, saying that the Hong Kong IPO price will be set at HK$17 per share and the net financing will be HK$24 billion. Xiaomi announced that it has received 1,034,986,800 subscription applications, which is equivalent to excess. The subscription is about 9.5 times. Based on pricing estimates, Xiaomi's listing is valued at 53.9 billion US dollars.

The final number of the Offer Shares in the Hong Kong Public Offering is 108,980,000 Offer Shares, representing approximately 5% of the total number of Offer Shares initially available for subscription in the Global Offering; the Offer Shares initially offered under the International Offering are slightly over-subscribed. The final number of the Offer Shares is 2,397,542,000 Offer Shares, representing approximately 110% of the total number of Offer Shares initially available for subscription in the Global Offering.

The Xiaomi announcement also stated that the distribution result will be announced no later than 9:00 today. According to previous Hong Kong media reports, Xiaomi’s first-hand (200 shares) success rate is 100%, that is, everyone has a share, and the number of subscriptions is 110,000. 25,000 people apply for one hand.

According to industry insiders, after the listing of Xiaomi, it will be included in the Hang Seng Composite Index after 10 trading days, setting the fastest record in the history of Hong Kong stocks.