Xiaomi Said to Set Tentative Terms for World Biggest IPO in Two Years

Xiaomi is updating its IPO prospectus, scaling back its initial $10 billion target to $6.1 billion due to the postponement of its China Depositary Receipt (Cdr) listing. The IPO will now be solely in Hong Kong, with shares priced between 17 and 22 Hong Kong dollars. Institutional orders are starting, and cornerstone investors like Qualcomm and China Mobile are expected to invest significantly. The Cdr listing was delayed due to regulatory adjustments and valuation disputes, but may occur later.

What was the initial expectation for Xiaomi's IPO in terms of the CDR listing?

• It was expected to be a private offering.

• Half of it was expected to be in the form of a CDR in Shanghai.

• It was expected to be entirely in Shanghai.

• It was expected to be entirely in Hong Kong.

What is the price range set for Xiaomi's IPO shares?

• Between 25 and 30 Hong Kong dollars

• Between 20 and 25 Hong Kong dollars

• Between 17 and 22 Hong Kong dollars

• Between 10 and 15 Hong Kong dollars

Which company is mentioned as a cornerstone investor in Xiaomi's IPO?

• Apple

• Huawei

• Samsung

• Qualcomm

What is one reason mentioned for the delay in Xiaomi's CDR listing?

• Regulatory rule adjustments

• Economic downturn

• Lack of investor interest

• Technical issues with the stock exchange

What potential future action is mentioned regarding Xiaomi's CDR listing?

• It will be listed in the US instead.

• It will be canceled permanently.

• It might be listed separately in the future.

• It will be merged with another company's listing.