Xiaomi Seeks To Raise Up To $6.1 Billion In Hong Kong Ipo

SEOUL, South Korea (AP) — Xiaomi Corp. says it seeks to raise up to $6.1 billion in the upcoming initial public offering that would value the Chinese smartphone maker at as much as $70.3 billion. The details of the Hong Kong IPO released Saturday show the Beijing-based company will raise less than an earlier expectation of up to $10 billion that would have valued the company at $100 billion.

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