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 is the expected amount to be raised from Xiaomi's IPO?

How has the expected size of Xiaomi's IPO changed from initial estimates?