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Xiaomi Sets Terms for $6.1 Billion Hong Kong IPO

Xiaomi Sets Terms for $6.1 Billion Hong Kong IPO

Xiaomi has set initial tentative terms for the world’s biggest initial public offering with potential to raise up to $6.1 billion in Hong Kong. The Chinese smartphone maker plan to offer 2.18 billion shares at HK$17 to HK$22 each, with talks w..

Market Gets Riskier and Bloomberg Proves it

Market Gets Riskier and Bloomberg Proves it

Bloomberg made one announcement in the morning only to make a complete turnaround in the evening. It announced during the starting hours that price increases by United Technologies and Caterpillar represented the bullish signs eagerly awaited by inv..