Xiaomi is selling 1 billion shares in a top-up placement to raise as much as $3.2 billion, according to terms of the deal obtained by Bloomberg News. The shares are being offered at HK$23.70 to HK$24.50 each, representing a 6.3% to 9.4% discount to its closing price of HK$26.15 on Monday. It’s Hong Kong’s largest top-up placement on record, data compiled by Bloomberg show.
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