Xiaomi completes Hong Kong IPO with HK$27.561B net proceeds

Jul 9, 2018 · Funding · Xiaomi · Consumer

Xiaomi completed its Hong Kong global offering and received approximately HK$27.561 billion of net proceeds.

Xiaomi company media
Company media · Xiaomi

Evidence notes

  • The offering included 1.434 billion newly issued Class B shares, with the remainder consisting of secondary shares.
  • Xiaomi listed on the HKEX Main Board under stock code 1810 on 9 July 2018.
  • The company allocated proceeds across research and development, ecosystem investment, global expansion and working capital.

Company context

Consumer electronics company producing smartphones, smart home devices, and IoT hardware at large scale. Operates an integrated hardware and software ecosystem with strong manufacturing and supply chain capabilities.

More from Xiaomi

Links