On the afternoon of June 8th, the SFC's official website showed that the securities and Futures Commission received and accepted the initial public offering and listing of Xiaomi group in June 7th. So far, millet became the first single application of CDR pilot.
Peng Bo: it is reported that the application of millet IPO has been approved by the Hongkong stock exchange.
Xiaomi's listing plan has been approved by the Hongkong stock exchange. Millet will become the first publicly traded company with weighted voting rights in Hongkong.
The smartphone maker passed its so-called listings on Thursday, an anonymous source said. Millet plans to assess investor demand in the next few days.
Xiaomi is one of the most anticipated listed companies in Hong Kong in recent years. The company, a continuous entrepreneur, has been considering financing $10 billion through IPO. According to Bloomberg data, since the launch of Alibaba in the US in 2014, the listing is likely to be the largest stock offering in the world.
Since the Beijing Stock Exchange changed the rules in April, the millet, based in Beijing, is the first company to apply for a weighted voting structure in Hongkong. At the same time, after the company chooses CITIC Securities to handle its mainland listing scheme, Xiaomi will probably become the first company to issue Chinese depository receipts.
A representative of the millet refused to comment. The Hongkong Economic Daily quoted an anonymous source saying that it had previously reported the approval of Millet's application.
According to the Securities Exchange last month, CITIC Lyons, Goldman Sachs Group and Morgan Stanley are joint sponsors listed in Hongkong. In addition, people familiar with the matter also revealed that Credit Suisse Group, Deutsche Bank, JP Morgan chase, and six Chinese banks all helped to sell the shares.
Close to the transaction, millet will be launched next Monday before the listing of Hong Kong stocks.