Diabytes
Xiaomi IPO News
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Xiaomi has declined to comment on the IPO pricing.
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Xiaomi reportedly plans to sell about 2.18 billion shares at a price range of HK$17 to HK$22 ($2.17-$2.80) each.
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Expectations of a highly sought after IPO have grown after Xiaomi, founded only eight years ago, blew past its 100 billion yuan ($15.6 billion) sales target for 2017 with a couple of months to spare.
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CLSA, Morgan Stanley and Goldman Sachs Group Inc are sponsoring Xiaomi`s IPO.
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The promise comes as the company is looking to market its internet services business to investors ahead of an IPO that could potentially value the smartphone maker at $100 billion.
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The smartphone maker last month told bankers that it would beat its 2017 sales targets by up to 18 percent.
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