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China's Xiaomi prices Hong Kong IPO at bottom of range: sources

Fri, Jun 29, 2018 – 12:49 PM

[HONG KONG] Chinese smartphone maker Xiaomi Corp priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, said people close to the transaction.

Xiaomi priced its share offering at HK$ 17 per share, the bottom of a price range of HK$ 17 to HK$ 22, the people said. The company planned to sell 2.18 billion shares.

Xiaomi’s pricing comes at a delicate time…
The Business Times

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