Qualcomm, China Mobile and SF Express are among seven cornerstone investors that will buy 10% of the shares in the Hong Kong offering.
China-based consumer electronics manufacturer Xiaomi has secured seven cornerstone investors including several corporates for an initial public offering sized at up to $6.1bn, Reuters reported today citing a term sheet.
The investors include mobile semiconductor producer Qualcomm, telecommunications firm China Mobile, logistics service provider SF Express, government-owned conglomerate China Merchants Group and investment firm CICFH Entertainment.
The seven will jointly buy 10% of the shares in the offering, which will take place on the Hong Kong Stock Exchange. Xiaomi has…
