Sihai: according to the Hongkong economic daily, Xiaomi passed the listing hearing of the Hong Kong Stock Exchange on June 8th. According to Caixin, the initial price of Xiaomi's IPO can reach $81 billion, and it is expected to be between $70 billion and $80 billion.
Previously, it was reported that Xiaomi IPO plans to sell $3 billion in the mainland through CDRs, accounting for 30% of the total IPO fundraising; the rest will be sold in Hong Kong. At the end of the fastest month, more than 7 billion US dollars (about 54.6 billion Hong Kong dollars) were offered, and Hong Kong was listed in early July.
It is reported that Xiaomi has submitted an application for listing on CDR, and the preliminary application documents are published on the Internet today, striving to be listed synchronously or almost synchronously with Hong Kong.
Stimulated by this news, millet concept stocks have shown signs of strengthening recently, and the relay of listed companies related to the industrial chain broke out. On Tuesday, Guangdong Junya, Yongli, Yuhuan CNC, Anjie technology, crystal optoelectronics and other strong trading. Relevant concept stocks such as Keda, Lansi technology, ORFI technology, Xinwangda, lingyizhizao, shentianma A and pulluton rose by about 4% yesterday. On Wednesday, Xiaomi concept stocks continued to soar, with a few stocks slightly retreating.
Xiaomi intelligent hardware and ecological chain product suppliers include Anjie technology, kairun Co., Ltd., Zhuoyi technology, MEDA digital, Fenda technology, Xinbao Co., Ltd. and Quanzhi technology. Xiaomi Internet service partners include Keda, zhangqu technology, Tongyi, Midea Group, Jiuan medical, and Mingjia technology. The listed companies related to millet packaging, distribution and channel include pulluton, Aishi, Hexing packaging, etc. Xiaomi mobile phone and its surrounding suppliers are quite large, including Sanhuan group, Changxin technology, Yuhuan CNC, Xinwangda, Oufei technology, ultrasonic electronics, Jinsheng Co., Ltd.
A shares in the millet concept stocks have also taken off several waves, dragon and tiger data show that the recent millet concept stocks repeatedly active, and hot money speculation is not unrelated. For investors who want to participate, it is suggested to avoid the over hyped target and choose the millet concept stocks with better fundamentals, leading position in the industry and low valuation. The figure below shows the leading listed companies in Xiaomi's' iron triangle 'industrial chain.