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.

BING NEWS:
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    A Xiaomi Corp. unit is among cornerstone investors in Chinese courier SF Holding Co.’s Hong Kong listing, people familiar with the matter said, showing appetite for one of the biggest share sales in ...
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