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.
The Chinese smartphone manufacturer is officially valued at $53 billion after it priced its 2.18 billion-share deal at HK$17, the lowest end of its HK$17 to HK$22 indicative price range.
At $53 billion, Xiaomi will be Hong Kong’s sixth-largest public company behind Tencent, China Mobile, AIA, Postal Savings Bank of China and CNOOC.
Beijing-based Xiaomi was able to collect sufficient demand for its mega...
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