Xiaomi’s Hong Kong IPO raises $4.7 billion after pricing at low end

Xiaomi Corp. and some existing investors raised $4.7 billion after pricing a Hong Kong initial public offering at the low end of a marketed range, a person with knowledge of the matter said. The Beijing-based smartphone maker priced the sale of 2.18 billion shares at HK$17 each, the person said, asking not to be identified because the details are private. Xiaomi had offered the shares at HK$17 to HK$22 apiece. The pricing values Xiaomi at about $54 billion, roughly half the company’s initial goal. Billionaire George Soros and Chinese investment…

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Hong Kong surgeon saves Zlatan Ibrahimovic’s career after knee surgery on Manchester United star

Hong Kong-raised orthopaedic expert Dr Freddie Fu has saved the career of Manchester United superstar Zlatan Ibrahimovic, the player’s agent said on Tuesday. The Swede, who ruptured his anterior cruciate ligament while playing for United on April 21, underwent successful surgery under Fu and another doctor in Philadelphia, said Mino Raiola, and will be back in action as soon as possible. With Ibrahimovic 35 years old, there were fears that the injury could end his storied career. “Zlatan Ibrahimovic has undergone successful knee surgery. He will make a full recovery…

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