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What's going on with Xiaomi's share placement results

4hw.com.cn: the long-standing Xiaomi allotment has finally come to an end. Xiaomi's announcement shows that the selling price per share is set at HK $17. Based on this calculation, Xiaomi is estimated to be able to raise HK $23.975 billion net. Let's take a look at the specific situation.

Previously, Hong Kong media reported that Xiaomi's first-hand (200 shares) winning rate was 100%, i.e. everyone had one, with 110000 subscribers, more than 25000 of whom applied for first-hand.

According to industry insiders, Xiaomi will be included in the Hang Seng Composite Index in 10 trading days after its listing, setting the fastest record in Hong Kong stock history.

Being included in the Hang Seng Composite Index shows the recognition of Xiaomi by the capital market and Hang Seng Index company. Previously, it was confirmed that Li Ka Shing had invested US $30 million to subscribe Xiaomi shares, and Ma Yun would also subscribe in his own name. In the international market, Soros, a financial giant famous for shorting, has also participated in the subscription of Xiaomi Hong Kong shares.

Xiaomi's participation in the Hang Seng Composite Index will also benefit ordinary investors in China. Hang Seng Composite index is a qualified index for Shanghai Hong Kong stock connect. In the future, ordinary investors are expected to easily participate in the investment of millet in China.