Xiaomi 100 Days After IPO
100 days after IPO, Xiaomi lost HKD230 billion market value while its founder received an incentive of RMB9.83 billion in the form of share. Early institutional investors and core members of the Management successfully cashed out over 10 billion RMB.
Xiaomi’s 1st Week on Stock Market
July 13th, after the 1st week of trading, Xiaomi is now up 26.18% and worth close to USD67 billion, about the same with SONY.
Xiaomi’s 1st Day at HKSE
July 9th, Xiaomi closed at HKD16.8 after its first trading day at HKSE. Down by 1.18%, volume was HKD7,682.4. Based on the price, the Company was worth HKD375.9 billion.
Xiaomi IPO Oversubscription by 10 Times
As of 12:00PM yesterday, there are over 100,000 investors participated in the subscription of Xiaomi‘s IPO for a total amount over 1.03 billion shares. According to the Prospectus, Xiaomi will be offering 108 million shares at a price range between HKD17-22.
Xiaomi to IPO Soon
Xiaomi IPO is scheduled on July 9th, in Hong Kong Stock Exchange. The Company and existing holders are to issue 2.18 billion shares at a price range between HKD17-22. China Mobile and Qualcomm are to invest USD100 million respectively.
Xiaomi Delays IPO
June 19th, according to disclosure by SEC, Xiaomi Group decided to issue CDR in batches. It will be offered in Hong Kong first, and later in mainland China. It is estimated that Xiaomi is to be worth RMB30 billion, such delay in offer is believed to avoid impacting the market.
Xiaomi IPO and CDR
Xiaomi is to issue CDR on July 16th in Shanghai. To coordinate with the issue, Xiaomi postpone its IPO by 1-2 weeks, which is scheduled on July 17th 2018 in Hong Kong.
Xiaomi Submit IPO Application to HKSE
May 3rd, Xiaomi submitted IPO application to HKSE. As of the signing date of the Prospectus, Mr. Lei Jun, the CEO of Xiaomi holds 31.4% of the shares. According to the Prospectus, Xiaomi shares will be classified as A Class and B Class. Each A Class share represent 10 votes and B Class 1 vote, based on which Mr. Lei Jun has over 50% of the voting rights.
Xiaomi to IPO in Hong Kong
Apr 16th, Xiaomi is likely to submit IPO application to HKSE as early as May and later offer in Mainland China in the form of CDR. Based on shares sold by Xiaomi holders recently, the Company is estimated to worth between USD65 – 70 billion.
Oculus and Xiaomi Cooperate
Jan 9th, Oculus is to cooperate with Xiaomi to manufacture Oculus Go, its first VR helmet. Oculus is to design a VR helmet for Chinese market, which is Mi VR Standalone. Both models will be based on Qualcomm Snapdragon 821 processor.