Brochures on the IPO of Xiaomi
The $4.72 billion IPO of Xiaomi marks a disappointing start to listed life for a company whose Hong Kong listing was supposed to be a landmark for the company, the exchange and the sector.
It priced at the bottom of the range, delivered half the valuation the company originally sought and was accompanied by mis-steps and confusion, which caused the company to axe a planned simultaneous secondary listing on the mainland.
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