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26 days ago

Xiaomi seeks to raise up to $6.1 billion in Hong Kong IPO

SEOUL, South Korea --- Xiaomi Corp. plans to raise up to $6.1 billion in one of the biggest global stock market debuts as it tries to become a worldwide brand alongside Apple, Google and Amazon. The initial public offering in Hong Kong would value the Beijing-based company at as much as $70.3 billion, according to details released Saturday. Xiaomi will raise less than an earlier expectation of up to $10 billion that would have valued the company at $100 billion. But it will still be among the bigg

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