The announcement shows that the offer price per share of the Offer Shares is set at HK$17.00 (excluding 1% brokerage fee, 0.0027% SFC transaction fee and 0.005% Stock Exchange trading fee).
Based on this price, Xiaomi netted a total of HK$23,974 million and received 1,034,986,800 subscription applications, equivalent to about 9.5 times oversubscription.
It is understood that there is no mandatory redistribution of the Offer Shares in the Hong Kong Public Offering. The Hong Kong Public Offering will be allotted and issued 108,980,000 Offer Shares. The total number of the Offer Shares for the Subscription is approximately 5% (assuming that the Over-allotment Option and the share options granted under the Pre-IPO Share Option Scheme) have not been exercised.
In addition, the initial offer of the Offer Shares is also slightly over-subscribed. The final number of the Offer Shares allocated to the International Offeres is 2,397,542,000 Offer Shares, representing approximately 110% of the total number of Offer Shares initially available for subscription under the Global Offering.
Cornerstone investor share confirmation
4. At the same time, according to the Cornerstone Investment Agreement with the Cornerstone Investors, the number of Offer Shares subscribed by Cornerstone Investors has now been determined.
The Guokai Equipment Industry Investment Fund subscribes for 30,470,400 Offer Shares through the Qualified Domestic Institutional Investor Channel provided by CITIC Lyon Securities Limited's Connected Client Huaxia Fund Management Co., Ltd., Tianhai Investment Co., Ltd. subscribes for 13,851,400 Offer Shares, China Mobile International Holdings Limited The Company subscribes for 46,164,600 Offer Shares, CICFH Entertainment Opportunity SPC - CICFH Innovative Trend Fund I SP subscribes for 88,235,200 Offer Shares, CMC Concord Investment Partnership, LP (. "CMC Concord") subscribes for 12,941,000 Offer Shares, Grantwell Fund LP subscribes for 14,544,000 Shares Qualcomm Asia Pacific Pte. Ltd. subscribes for 46,171,600 Offer Shares, a total of 252,378,200 Offer Shares, representing approximately 11.58% of the issued Offer Shares after the completion of the Global Offering; and a total issued share capital of approximately 1.13% after the completion of the Global Offering.
Existing shareholder confirmation
According to the International Offering, the existing shareholder of the Company, Celia Safe Inc., was allocated 6,500,000 Offer Shares, representing approximately 0.30% of the issued Offer Shares upon completion of the Global Offering.
The existing shareholder Dragoneer Global Fund II, L.P.'s investment manager, Dragoneer Investment Group, LLC, was allotted 5,000,000 Offer Shares, representing approximately 0.23% of the issued Offer Shares upon completion of the Global Offering.
The existing shareholder of the Company, which is a subsidiary of Circle Creek Investments Limited, is allocated 23,000,000 Offer Shares, representing approximately 1.06% of the issued Offer Shares upon completion of the Global Offering.
The close associates of the existing shareholder CCDD International Holdings Limited, Central Glory Investments Limited, were allotted 23,000,000 Offer Shares, representing approximately 1.06% of the issued Offer Shares upon completion of the Global Offering.
Use of proceeds from the sale
In addition, Xiaomi also announced the use of the proceeds from the sale.
It is understood that approximately 30% of the net proceeds (approximately HK$7,192.4 million) are expected to be used for research and development and development of core personal products, including smartphones, smart TVs, notebook computers, artificial intelligence speakers and smart routers; 30% for expansion and Strengthen the ecological chain of major industries such as IoT and consumer products and mobile Internet services (including artificial intelligence); 30% for global expansion, including but not limited to hiring local teams and investing in retail partners for various business functions; 10% Working capital and general corporate use.