China Tower Seeks to Raise Up to $8.7 Billion in Hong Kong IPO

China Tower Seeks to Raise Up to $8.7 Billion in Hong Kong IPO

Assessment

Interactive Video

Business

University

Hard

Created by

Wayground Content

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The transcript discusses Xiaomi's IPO in Hong Kong, which raised less than expected at $8.7 billion, down from an anticipated $10 billion. Initially valued at $100 billion, the valuation only reached $50 billion. Market conditions are cited as a factor, with tech stocks not performing well. Despite this, Xiaomi's debut was satisfactory. The funds are expected to be used for a national 5G infrastructure upgrade in China.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the initial expected amount Xiaomi was supposed to raise in Hong Kong?

10 billion

8.7 billion

50 billion

100 billion

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much did Xiaomi's valuation actually reach compared to the expected 100 billion?

10 billion

50 billion

75 billion

100 billion

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factor is mentioned as affecting the performance of tech stocks?

Government regulations

Technological advancements

New competitors

Market conditions

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main uses for the funds raised by Xiaomi?

International expansion

Marketing campaigns

Research and development

5G infrastructure upgrade

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What major technological upgrade is China planning that Xiaomi's funds will support?

AI development

Blockchain integration

5G upgrade

Electric vehicle infrastructure