Just In
- 58 min ago Best Noise-Cancelling Earbuds Under Rs 5,000: CMF Buds Pro, Redmi Buds 5, Realme Buds Air 5, and More
- 1 hr ago How to Get Zomato Gold Membership Worth Rs 999 for Free
- 3 hrs ago Garena Free Fire Max Redeem Codes for April 20, 2024: Get Access to the Latest In-game Loot
- 3 hrs ago Apple Watch X Renders Surface: Magnetic Bands, Blood Pressure Tracking, and More
Don't Miss
- Movies Love, Sex Aur Dhokha 2: The REAL Reason Of Rajkummar Rao And Nushrratt Bharuccha Not Being Part Of The Film
- Finance Gold Prices: 10-Gram 24-Carat Rises Rs 8,010 Before Falling; Chennai Gold Price At Rs 75,110
- Sports DC vs SRH My11Circle Prediction IPL 2024 Match 35: DEL vs HYD Fantasy Tips & Expert Picks
- News Punjab Human Rights Panel Issues Notice To ADGP In Sangrur Jail Clash Case
- Lifestyle Russian Influencer Starves His Newborn To Death With Sunlight Diet, Know Dos And Don’ts Of This Diet
- Education UPMSP Class 10 and 12 Results 2024 Released Today, Check the Details Here
- Automobiles Tesla CEO Elon Musk's Much-Awaited Visit to India Deferred, Leaving Questions Unanswered
- Travel Journey From Delhi To Ooty: Top Transport Options And Attractions
Xiaomi announces the details of its proposed listing
Notably, Goldman Sachs, Morgan Stanley, and CLSA are joint sponsors, joint global coordinators, joint book runners and joint lead managers of the Global Offering.
Xiaomi Corporation has finally announced the details of its global offering and its proposed listing on the Stock Exchange of Hong Kong Limited on Saturday.
A total of 2,179,585,000 shares are being offered under the Global Offering, comprising an international offering of 2,070,605,000 Offer Shares and a Hong Kong Public Offering of 108,980,000 Offer Shares (subject to reallocation) (the "Hong Kong Public Offering"), representing approximately 95 percent and 5 percent of the total number of the Offer Shares, respectively.
The offer price (the "Offer Price") is currently expected to be between HK$17 and HK$22 per Offer Share.
Lei Jun, executive director, Founder, Chairman and Chief Executive Officer of Xiaomi said: "Today we present ourselves to you as we prepare to enter a new stage in our journey. Within seven years of our founding, our annual revenue exceeded RMB100 billion, achieving a growth rate that many traditional companies are unable to match."
"With our unique ecosystem model, we have mobilized many like-minded entrepreneurs, and we are not only changing industries in China but also elsewhere in the world,"," Lei Jun, said.
"Fundamentally, the Internet is all about transparency, efficiency, and equality. We want to allow everyone to enjoy the benefits of technology. That is the goal that all Xiaomi employees and I are working tirelessly for."
Notably, Goldman Sachs, Morgan Stanley, and CLSA are joint sponsors, joint global coordinators, joint book runners and joint lead managers of the Global Offering.
Meanwhile, the company also revealed it intends to use the proceeds from this offering into research and development as well as core in-house products, including smartphones, smart TVs, laptops, AI speakers and smart routers.
Furthermore, Xioami said as the Company expands its business globally, it also has been able to achieve increased profitability with revenue growth.
In 2015, 2016 and 2017, 6.1 percent, 13.4 percent, and 28.0 percent, respectively of total revenues were derived from sales outside of mainland China.
It ranked number one in India in terms of smartphone unit shipments in the first quarter of 2018 and was also the top five in 15 markets, according to IDC.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804
-
9,999
-
11,999
-
3,999
-
2,500
-
3,599