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Xiaomi's boss could hardly hide his disappointment about the stock market debut
Dusseldorf, Beijing It's almost as if the title had begun to run: In stock market debuts yesterday Monday, Xiaomi was still far behind badysts' expectations lagging behind. At the beginning of trading, the stock fell 2.9 percent, the paper reached a low of 16.50 Hong Kong dollars at an issue price of 17 Hong Kong dollars. Analysts had previously forecast $ 10 billion in revenue, Xiaomi not paying half as much as $ 4.72 billion
Once Xiaomi's largest IPO since launching. Alibaba, but it was the launch for the company itself, but also for the brokers as a disappointment. Only a day later, the Hong Kong Stock Exchange now shows a completely different picture: the paper of the giants of the smartphone has meanwhile increased by more than ten percent. The stock was quoted at 19.14 Hong Kong dollars, well above the issue price. 347 million shares have changed hands.
Xiaomi, which means "millet" in Chinese, was founded in Beijing eight years ago by Lei, a computer scientist who studied computer science. Today, the company employs approximately 15,000 people, is present in 74 countries and is the world's fourth largest smartphone manufacturer with a global market share of 8.4%.
Xiaomi attracts customers with relatively cheap smartphones and sells Samsung Electronics and Apple Pressure. Especially in India, the second largest smartphone market in the world, the company has been successful. In the fourth quarter of last year, Xiaomi has surpbaded the former Samsung market leader and now occupies about 31% of the smartphone market in India.
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