BEIJING, June 25 (Xinhua) -- Xiaomi, a Beijing-based smart phone maker, kicked off its initial public offering in Hong Kong.
According to its IPO prospectus filed with the Hong Kong stock exchange, the company is offering about 2.18 billion shares priced at no more than 22 HK dollars each.
Xiaomi was expected to raise about 27.56 billion HK dollars at the middle of the issuance price of 19.5 HK dollars.
(Edited by Yang Yifan, yangyifan@xinhua.org)