Xiaomi surges 10% after disappointing debut

Jamie McKane

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Xiaomi surges 10% after disappointing debut

Xiaomi Corp. surged more than 10 percent a day after its disappointing debut, as investors began to pile into the world’s third-largest listed smartphone maker.

The Chinese company surged to a high of HK$18.56, well above its HK$17 initial public offering price.

[Bloomberg]
 
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