China’s Xiaomi raises $4.72 billion after pricing Hong Kong IPO at bottom of range

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(Reuters/IFR) — China’s Xiaomi priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said on Friday. That values the firm at about $54 billion, almost half the valuation industry insiders touted…Read More

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