Xiaomi to raise $5.27bn in share sale amid expansion plans
Chinese smartphone and electric vehicle manufacturer Xiaomi Corp is set to raise up to $5.27 billion through a top-up share placement. The company is offering 750 million Class B shares at a price range of HK$52.80 to HK$54.60 per share, reflecting a 4.2% to 7.4% discount from its Monday closing price of HK$57, Reuters reported. […]