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The Xiaomi Xiaomi began to drop 2% on his Hong Kong debut today, reaching a loss of 5.88% during the session. At the same time, Hang Seng rose 1.32%.
The share of Hong Kong ($ 2.12) per share of $ 16.60, according to CNBC, was lower than the initial public offering price of $ 17.70 ($ 2.17). had previously set a range of 17-22 US dollars for about 2.18 billion shares, lowering IPO on Friday, and after fees and charges, Xiaomi said raised about 23, $ 97 billion of China or $ 3.05 billion
The Chinese company, founded only in 2010, is now the world's fourth largest smartphone maker, supplying financial devices.
The disappointing performance at the beginning of Xiaomi is not surprising for some badysts.
"The stock has been charged at a high point against its rivals.Despite the fact that Xiaomi remains a very good story, I think the market is at a stage where you have to prove yourself before the market gives it a good evaluation, " Hao Hong chief investigator of BOCOM International was interviewed by CNBC
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