Diabytes
Xiaomi products 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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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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Xiaomi Global Vice-President Hugo Barra announced his exit from the Chinese handset maker to return to the Silicon Valley.
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Chinese handset maker Xiaomi is keen on bringing to India more of its ecosystem products that are available in his home market as it looks to further increase its revenue here. The company, which crossed the $1 billion revenue mark in India last year, also launched Redmi Note 4 smartphone starting at Rs 9,999.
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After overtaking Apple and Samsung in the world`s largest market, Chinese smartphone maker Xiaomi is now facing the threat posed by counterfeiters.
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