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

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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Xiaomi’s ‘Blackshark’ Gaming Smartphone Spotted on AnTuTu Benchmark

Xiaomi’s ‘Blackshark’ Gaming Smartphone Spotted on AnTuTu Benchmark

HIGHLIGHTS The listing suggests this phone will sport a Qualcomm Snapdragon 845 SoC Xiaomi had recently acquired the Black Shark mobile gaming company The phone scored an impressive 270,680 on AnTuTu benchmark A mysterious new smartphone has surfaced on benchmarking site AnTuTu that seems to sport flagship specifications in accordance with 2018 standards. Dubbed “Blackshark”, the smartphone could most definitely be the first one from Xiaomi’s gaming sub-brand that goes by the same moniker. Xiaomi is said to have launched Black Shark, a mobile gaming company, in order to create devices for the smartphone…

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