Xiaomi call warrants to start SGX trading on 9 July

Its Hong Kong IPO will start on the same date.

The three new call warrants on Xiaomi Corporation will start trading on the Singapore Exchange (SGX) on 9 July, the date of its initial public offering (IPO). Under stock codes MPAW, DVQW, and FKUW, the warrants will have strike prices of HK$20, HK$24, and HK$30 respectively and the same expiry date of 4 February 2019.

The warrants are a way to invest in the upcoming IPO of Xiaomi in Hong Kong. “Singapore investors can now gain exposure to the moves in Xiaomi shares listed in Hong Kong, without leaving the SGX,” Macquarie previously said in an announcement.

SGX Research said the live prices of the three call warrants can be found on both the SGX website and Macquarie's warrant website.

Based on its prospectus, Xiaomi is currently the world’s fourth-largest smartphone company. They have built the world's largest Internet of Things (IoT) platform with over 100 million connected devices and 190 million monthly active users.

The company generates revenue from four business segments: smartphones, IoT and lifestyle products, internet services and others, SGX Research noted. For the three months ended 31 March 2018, the smartphones segment contributed 67.5% of total revenue.

Xiaomi's US$4.7b IPO was priced at the lower end of the HK$17-22 range and the retail portion of the offering was 8.5 times oversubscribed. Cornerstone investors include Qualcomm, SF Express, China Mobile, CICFH Entertainment, and China Merchants Group.