Similar Stories to Xiaomi Seeks To Raise Up To $6.1 Billion In Hong Kong Ipo on Bing News

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.

BING NEWS:
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  • Hong Kong faces uphill battle to lure back Chinese tourists
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  • Hong Kong stocks are back from the dead. Here’s why
    Hong Kong’s benchmark Hang Seng Index has surged more than 7% in April as the best-performing major index in the world. It’s now heading into a bull market, rebounding nearly 20% from its January low.
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  • China’s Xiaomi secures seven cornerstone investors for US$6.1bil HK IPO
    Xiaomi had been expected to raise up to $10 billion, split between its Hong Kong and mainland offerings. The delay to its CDRs is a blow for Chinese officials, who designed them as a means for ...
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