Xiaomi Public IPO: 95% Of Its Class B Shares Reserved For International Investors

In recent times, the most important thing to Xiaomi has been its Honk Kong listing and share sales. From the plan, the company will be officially listed in Hong Kong on July 9. Now, Xiaomi has updated its listing prospectus and also began to publicly offer shares. It has been reported that Xiaomi’s global share sale will surpass  2 billion shares and each share will have a maximum offer price of HK$22 ($2.80). Xiaomi’s stock code is 1810. Judging from this latest prospectus, Xiaomi Group’s would make approximately HK$47.96 billion (just over $6 billion) from share sales.

If you want to invest in Xiaomi stocks, then the company’s highest offer price of HK$22 ($2.80) dollars per share. The entrance fee is about HK$4,400 ($560). However, this stock will be available to a few buyers. According to Xiaomi’s listing prospectus for Hong Kong, Xiaomi intends to issue 95% of its Class B shares to international investors and 5% will be publicly offered in Hong Kong. It is worth mentioning that China Mobile and Qualcomm each subscribed for $100 million in Xiaomi’s stocks while Poly Group, Shunfeng, and China Merchants Group subscribed for $32 million, $30 million and $28 million dollars respectively.

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