Jamie McKane
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Xiaomi plummets on trading debut
Xiaomi Corp. fell as much as 6 percent on its debut, as an escalating trade war and uncertainty about its valuation combined to dampen Hong Kong’s biggest coming-out party in two years.
The eight-year-old Chinese smartphone maker traded as low as HK$16.00 compared with its HK$17 initial public offering price.
[Bloomberg]
Xiaomi Corp. fell as much as 6 percent on its debut, as an escalating trade war and uncertainty about its valuation combined to dampen Hong Kong’s biggest coming-out party in two years.
The eight-year-old Chinese smartphone maker traded as low as HK$16.00 compared with its HK$17 initial public offering price.
[Bloomberg]