Chinese smartphone maker Xiaomi plans to raise up to 30 percent of its blockbuster $10 billion IPO by selling shares in the Chinese mainland while offering the remainder in Hong Kong, people with knowledge of the matter told Reuters on Monday.
Xiaomi is likely to be among the first overseas-listed Chinese technology companies to seek a secondary listing in China by using Chinese depositary receipts (CDRs), the people said. The CDR portion was likely to account for up 30 percent of its total fundraising size, they said.
