Baidu-backed Xgimi Technology looks to raise $186m in STAR Market IPO

Chengdu Xgimi Technology Co., Ltd, a specialist in multi-functional smart projectors and laser TVs, has filed for an initial public offering (IPO) on the Nasdaq-style STAR Market of the Shanghai Stock Exchange (SSE).

Xgimi, which is backed by leading investors like search engine giant Baidu’s VC arm Baidu Ventures and MatrixPartners China, plans to raise as much as 1.2 billion yuan ($186 million). Xgimi is offering 12.50 million common shares at a price of 133.73 yuan ($20.64) apiece.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter