Xiaomi secures seven cornerstone investors for $6.1 billion HK IPO

Xiaomi secures seven cornerstone investors for $6.1 billion HK IPO

Thursday, June 21, 2018

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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.

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