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IPO Watch: Xiaomi Linked Firms Stop IPO Plan, Richard Li FWD IPO Delays
3rd June 2022 | Hong Kong
Xiaomi linked-companies (Smart mattress maker 8H, intelligent lighting company Yeelight, commercial operating system maker Shanghai Sunmi Technology) have stopped their IPO plans after increased scrutiny from regulators for close commercial relationships with Xiaomi. Hong Kong based insurance group FWD (founded by Richard Li, son of Hong Kong most prominent businessman & billionaire Li-Ka Shing) has also announced delay of its IPO plan due to recent volatile market conditions. Leading global media Forbes have also announced the cancellation of its SPAC listing due to deteriorating SPAC condition.
“ Xiaomi Linked Firms Stop IPO Plan, Richard Li FWD IPO Delays “
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