$17m of Xiaomi warrants traded at launch

Call warrant MPAW at HK$20 was the most traded for the week.

The three new call warrants for the ordinary Class B shares of Xiaomi Corporation issued by Macquarie Bank started trading on the Singapore Exchange (SGX) on 9 July 2018, in tandem with Xiaomi’s initial public offering (IPO) in Hong Kong.

The call warrants traded a total of $17m its first week of launch, SGX Research said.

According to an announcement, the most traded call warrant is MPAW with a strike price of HK$20 had a total traded value of $12m and was up 96% for the week.

Meanwhile, Macquarie announced via SGXNet on 13 July the listing of a put warrant on Xiaomi. This Put Warrant will have a strike price of HK$17 and is expected to commence trading on SGX on 19 July.

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.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia