0
Wireless

Xiaomi exercises IPO greenshoe, raises another HKD 3.4 billion

Thursday 19 July 2018 | 10:20 CET | News
Xiaomi announced that the underwriters of its IPO have exercised the full over-allotment option, increasing the size of the share offering by 15 percent. Of the 326.9 million additional shares sold at the offer price, Xiaomi will receive proceeds for 201.5 million and the remainder were sold by funds associated with investor Morningside. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Xiaomi
Countries: Hong Kong / World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Xiaomi grows Q2 revenues 68%, ships 32 mln smartphones

Published 22 Aug 2018 12:33 CET | China
Xiaomi has reported its first set of quarterly results since its IPO, showing revenues rose 68 percent year-on-year in the second ...

Xiaomi introduces new Poco brand, first phone to launch in India

Published 22 Aug 2018 11:12 CET | India
Xiaomi has unveiled its new sub-brand Poco, offering premium smartphone features for a small price. The first device is the Poco ...

Xiaomi raises HKD 24 billion in IPO

Published 06 Jul 2018 09:21 CET | China
Xiaomi has raised HKD 24 billion (EUR 2.6 billion) in net proceeds from its initial public offering of shares, after pricing the ...

Xiaomi sets IPO price range, signs up 7 key investors

Published 21 Jun 2018 08:50 CET | China
Chinese smartphone maker Xiaomi has set a price range for its IPO in Hong Kong and lined up seven key investors to participate in ...