The smartphone manufacturer, which filed for a $10bn initial public offering in May, is planning to raise up to 30% of the amount in mainland China and the remainder in Hong Kong.
Xiaomi, a China-based smartphone and smart devices producer backed by chipmaker Qualcomm, is hoping to raise up to 30% of its $10bn initial public offering in mainland China, Reuters reported yesterday.
Xiaomi filed for an initial public offering in Hong Kong in early May and was originally thought to be seeking the full $10bn target in the autonomous territory. The secondary listing is expected to be conducted through Chinese Depositary Receipts (CDRs).
The company is aiming for its dual…
