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Xiaomi files for an IPO in Hong Kong; seeks to raise at least $10 Billion at $100B valuation

Xiaomi opts Hong Kong to sell its shares giving the city world’s biggest initial public offering (IPO) of 2018 and the pole position in a race with New York and Shanghai to be the global capital for raising funds. Xiaomi has submitted the IPO application to the Hong Kong Exchanges & Clearing Limited under new listing regulations for technology start-ups. While the application lacks financial terms, bankers familiar with the plan said that Xiaomi is seeking to raise US$10 billion, this in a...
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