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Xiaomi IPO Attracts China Mobile, Qualcomm as Investors

CapitalWatch Staff 2018-11-19 14:56 PM
Xiaomi IPO Attracts China Mobile, Qualcomm as Investors

China Mobile Ltd., China&`#`39;s biggest wireless carrier, and U.S. chip giant, Qualcomm Inc., are in discussions to become cornerstone investors in what may be the biggest initial public offering globally since 2016, as Xiaomi Corp. expects to begin trading this week.

China Mobile and Qualcomm are in talks to buy a $100 million stake each in the world&`#`39;s fourth-largest smartphone company, according to Bloomberg.

Beijing-based Xiaomi is planning to offer 2.18 billion shares in Hong Kong this week at HK$17 to HK$22 apiece.