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The stock price started around $ 16.60 Hong Kong, down from $ 17 per share ($ 2.16) set for the IPO. According to the Bloomberg financial agency, Xiaomi is valued at around 50 billion dollars, far behind the ambitious target of 100 billion dollars posted last year. Even before the start of the IPO, investors had been quite wary, selling their securities at a discount last week on an unofficial "gray" market, says Bloomberg.
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