Xiaomi seals jumbo IPO amid stormy markets

Unfazed by a massive retreat in global equities, Chinese smartphone maker prices the world’s largest IPO in nearly two years. Attention is now shifting to its debut next month.

Xiaomi, the world’s third largest unicorn, is set to become one of the highest-valued listed companies in Hong Kong after it raised HK$37 billion ($4.7 billion) from its highly-anticipated initial public offering on Friday.

¬ Haymarket Media Limited. All rights reserved.

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