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ASIAN (T)

Chinese smartphone giant Xiaomi expected to launch Hong Kong IPO in September 

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Xiaomi, the Chinese smartphone maker, is said to be aiming for an initial public offering (IPO) in Hong Kong in September to raise funds as it embarks on a global expansion drive.
The Beijing-based company has appointed Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan and Morgan Stanley to work on its share sale, according to a person familiar with the matter, who asked not to be named because the discussions are private. A representative for Xiaomi declined to comment on the company…



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