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Xiaomi wants to raise over $6 billion in Hong Kong IPO

Xiaomi, one of the world's leading smartphone makers, is hoping to raise more than $6 billion by selling shares for a stock market listing in Hong Kong next month. The Chinese tech firm announced the planned value of the listing Saturday. "In the future, Xiaomi has huge potential for growth," CEO Lei Jun said at a news conference in Hong Kong.
[ Fidelity at 2018-06-22 21:04:49 ]


China's Xiaomi says has no timeframe for mainland share offering

Chinese smartphone maker Xiaomi Corp said on Saturday there is no timeframe for a mainland share offering and the company has no disagreement with the China Securities Regulatory Commission.
[ Fidelity at 2018-06-22 20:30:13 ]


BRIEF-Chinese online services company Meituan files for Hong Kong IPO - Bloomberg

* CHINESE ONLINE SERVICES COMPANY MEITUAN FILES FOR HONG KONG IPO - BLOOMBERG Source text: https://bloom.bg/2tqV8sk.
[ Fidelity at 2018-06-22 08:23:46 ]


IQiyi on track for worst day on record amid China tech weakness

Shares of Chinese streaming company iQiyi Inc. (IQ) are down more than 10% in Thursday afternoon trading and on pace for their worst single-day performance since the company's Match initial public offering. The largest single-day percentage loss to date was a 5.3% drop on May 3. Despite the pullback, iQiyi's stock is up 96% in the past month, compared with a 0.8% rise for the S&P 500. The company was spun out of Baidu Corp. earlier this year.
[ Fidelity at 2018-06-21 12:10:39 ]


Market Chatter: Qualcomm and China Mobile Among Seven Cornerstone Investors in Xiaomi's $6.1 Bln Hong Kong IPO

China's Xiaomi Corp. has lined up $548 million from seven cornerstone investors, including Qualcomm, Inc. (QCOM) for its Hong Kong initial public offering of up to $6.1 billion, according to a term sheet seen by Reuters. Shares of Qualcomm (QCOM) drifted marginally lower intraday.
[ Fidelity at 2018-06-21 11:01:15 ]


China's Xiaomi secures seven cornerstone investors for $6.1 billion HK IPO

Chinese smartphone maker Xiaomi Corp has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm Inc for its Hong Kong IPO of up to $6.1 billion, according to a term sheet seen by Reuters.
[ Fidelity at 2018-06-20 21:29:36 ]


China's Xiaomi secures seven cornerstone investors for $6.1 bln HK IPO

* Seven cornerstones including Qualcomm (QCOM), China Mobile -term sheet. * Cornerstones to take up 10 pct of total offering -term sheet. * To sell 2.18 bln shares for HK$17-22 each -term sheet. * 65 pct of shares on offer are primary -term sheet. * IPO to be first float under new HK listing rules. By Fiona Lau and Julie Zhu.
[ Fidelity at 2018-06-20 21:28:42 ]


China's Xiaomi plans to raise up to $6.1 bln in Hong Kong IPO -sources

Chinese smartphone maker Xiaomi is planning to raise up to $6.1 billion from a Hong Kong IPO launching this week, people with knowledge of the matter said, in what will be one of the biggest tech floats globally of recent years.
[ Fidelity at 2018-06-20 02:04:08 ]


China's Xiaomi plans to raise up to $6.1 billion in Hong Kong IPO: sources

Chinese smartphone maker Xiaomi is planning to raise up to $6.1 billion from a Hong Kong initial public offering, sources with knowledge of the matter said. Xiaomi plans to sell about 2.18 billion shares at a price range of HK$17 to HK$22 each, said the people, who declined to be identified as the information was not public. Xiaomi declined to comment.
[ Fidelity at 2018-06-20 01:24:42 ]


IQiyi stock bucks downward tech trend, on track to close at yet another record high

Shares of Chinese streaming company IQiyi Inc. (IQ) are up 0.5% in midday trading Tuesday on heavy volume, bucking a general downtrend for tech stocks in the session. Shares of fellow Chinese internet stocks that also held recent initial public offerings, including Huya Inc. (HUYA) and Bilibili Inc. (BILI) are down sharply in Tuesday trading. IQiyi's (IQ) stock is on pace to close up for the eighth day out of the last nine trading sessions and post yet another record close.
[ Fidelity at 2018-06-19 08:48:39 ]


Puxin Prices IPO at $17/ADS

Puxin Limited, a provider of after-school education in China, said early Friday that it priced its initial public offering of 7.2 million American depositary shares at a price of $17 per ADS for total expected gross proceeds of $122.4 million. Each ADS represents two ordinary shares of the company. The underwriters have been granted a 30-day option to purchase up to 1.1 million additional ADSs.
[ Fidelity at 2018-06-15 02:55:13 ]


China regulator tells market players to be 'responsible' in IPO pricing -paper

Valuations of "new economy" initial public offerings in Hong Kong are ringing alarm bells in China, with the securities regulator urging institutions to be "responsible" and professional in the book-building process, the Securities Daily reported on Friday.
[ Fidelity at 2018-06-15 01:08:17 ]


Exclusive: China's Lufax aims to raise up to $2 billion amid IPO delay: sources

China's Lufax aims to raise up to $2 billion in fresh funding, valuing one of the country's largest online wealth management platforms at $40 billion, as it opts for private investment ahead of a delayed listing, said people familiar with the deal.
[ Fidelity at 2018-06-14 02:23:13 ]


Xiaomi: Europe is Chinese smartphone maker's next target

First, it conquered India. Chinese smartphone maker Xiaomi is making an aggressive play for European markets like France, Italy and Spain. Xiaomi is best known for selling cheap, high performance smartphones. Now, the Chinese company is looking to repeat that success in the more mature markets of Europe, and it's off to a strong start.
[ Fidelity at 2018-06-12 03:50:59 ]


Xiaomi IPO Gets a Vital Helping Hand From Home

Forget Chinese stocks joining MSCI's indexes: A bigger opening-up is taking place in Chinese markets--for the country's own technology giants. Smartphone maker Xiaomi is set to be the first one to test this out. The company could raise up to half of the $10 billion it is hoping for in an initial public offering this summer by issuing depositary receipts in Shanghai--a new market mechanism designed by Beijing to lure its big technology firms to list at home.
[ Fidelity at 2018-06-12 03:37:15 ]


Trap or treat? Funds to raise billions for tech IPOs in China

Asset managers began fundraising for six Chinese "unicorn" funds on Monday, offering retail investors a new investment channel but potentially straining tight market liquidity.
[ Fidelity at 2018-06-11 00:13:50 ]


China's Xiaomi posts $1 billion first quarter loss ahead of blockbuster IPO

Chinese smartphone maker Xiaomi recorded a first-quarter net loss of 7 billion yuan ahead of its blockbuster initial public offering, according to a filing. That compares with a net loss of 43.89 billion yuan for the whole of 2017, according to its draft prospectus for what is expected to be the first Chinese depository receipts offering.
[ Fidelity at 2018-06-10 22:50:22 ]


Ant Financial just raised $14 billion as it seeks to expand

Chinese tycoon Jack Ma's online payments company just raised a huge pile of cash from investors. Ant Financial said in a statement Friday that it has brought in $14 billion from Chinese and foreign investors. Best known for its mobile payment platform, Alipay, Ant is battling Tencent's WeChat Pay to be the platform of choice for hundreds of millions of Chinese shoppers.
[ Fidelity at 2018-06-07 23:39:40 ]


Foxconn unit's shares skyrocket in Shanghai trading debut

* Shares go limit-up in first moments of trade. * FII becomes biggest China-listed tech co. * Listing may help parent reduce risk - analyst. By John Ruwitch and Samuel Shen. Foxconn Industrial Internet Co Ltd, a unit of the world's largest contract manufacturer, became China's biggest domestically listed tech company by market cap on Friday as its shares soared a maximum 44 percent on debut.
[ Fidelity at 2018-06-07 20:12:25 ]


Foxconn unit hits limit-up 44 pct in Shanghai trading debut

Shares in Foxconn Industrial Internet Co Ltd, a unit of the world's largest contract manufacturer, surged by the maximum daily limit of 44 percent on their debut on the Shanghai stock market on Friday.
[ Fidelity at 2018-06-07 18:42:50 ]


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