Foreign media: millet IPO to raise over $10 billion will also land A share market.

category:Internet
 Foreign media: millet IPO to raise over $10 billion will also land A share market.


It is reported that the HKEx has launched a new listing system. This means that companies with different share classes can now be listed in Hongkong. According to people familiar with the matter, although the relevant documents did not show how much money the millet plans to raise in IPO, it is expected to have at least $10 billion, making the millet valuation more than $100 billion. For the first time, millet published detailed financial data. Its net loss in 2017 was 43 billion 900 million yuan (US $6 billion 900 million), but its revenue jumped 67.5% to 114 billion 500 million yuan during the same period. This is a great victory for the Hongkong stock exchange. For years, the Hongkong exchange has been working to eliminate the ban on weighted equity voting rights, which can make the founders and executives control the company through a minority stake. Although some investors opposed the move, four years after Alibaba chose to list in the US, the move marks a competition between the Hong Kong Stock Exchange and the US market. In addition, on the scale of financing, millet may be the largest IPO since the Alibaba New York listed in 2014, when Alibaba raised $25 billion. The largest public release since the largest. Although millet faced challenges in 2016, the company made a comeback by improving its sales model and expanding in India. At present, India has surpassed Samsung as the biggest supplier in the local mobile phone market. It is expected that the CDR will be issued after its listing in Hongkong. According to people familiar with the matter, Xiaomi has chosen CITIC Securities to deal with its CDR issue. Although the Chinese government has approved the plan to introduce CDR, the timing and details are not yet clear. Lei Jun, co-founder and CEO of millet, said that CDR is a very good idea and called it a great policy innovation. Under Lei Juns leadership, Xiaomi is seeking to enter the market of developed countries and consolidate its position in emerging markets. Xiaomi has entered Spain last year and is said to be negotiating with us operators to sell its own mobile devices in the US. In addition to smart phones, dozens of start-ups supported by millet also produce products from wearable devices to electric rice cookers. In 2017, its total ecosystem sales doubled to 20 billion yuan. CITIC Lyon, Goldman Sachs Group and Morgan Stanley are the underwriters of this IPO. (Han Bing) source: NetEase science and technology report editor: Wang Fengzhi _NT2541 Lei Jun, co-founder and CEO of millet, said that CDR is a very good idea and called it a great policy innovation. Under Lei Juns leadership, Xiaomi is seeking to enter the market of developed countries and consolidate its position in emerging markets. Xiaomi has entered Spain last year and is said to be negotiating with us operators to sell its own mobile devices in the US. In addition to smart phones, dozens of start-ups supported by millet also produce products from wearable devices to electric rice cookers. In 2017, its total ecosystem sales doubled to 20 billion yuan.