Xiaomi sets IPO price range, signs up 7 key investors

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(Telecompaper) Chinese smartphone maker Xiaomi has set a price range for its IPO in Hong Kong and lined up seven key investors to participate in the offering, according to a term sheet seen by Reuters. The shares will be sold at a price of HKD 17-22 each, and seven investors including Qualcomm and China Mobile will buy a combined 10 percent stake in the group during the IPO. 
Source: Industry News (syndicated from Telecompaper.com)

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