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Initial Public Offering / IPO), Xiaomi shares were released for 17 Hong Kong dollars (about 30 thousand Rp) per share
Thus, the current valuation of Xiaomi reached 54.3 billion. US dollars, about Rs 776 billion. This figure is less than half of US $ 100 billion in January
Nevertheless, the strategist of First Shanghai Securities, Linus Yip, said that investors are not too worried about the decline because they think that the value is still low. Trading is still below price, indicating that investors are not questioning stock market valuations higher than those of Tencent and Apple, "said Yip Reuters . Founder and CEO Xiaomi Lei Jun admitted that this initial public offering could make his company one of three global technology companies having a high valuation after being officially listed.
"Since the first day, we have set up a share-sharing structure, without the capital market innovation of Hong Kong, we will never have the opportunity to make public," he said. Jun said, interrupting a party on the Hong Kong Stock Exchange. Alibaba cashed 25 billion US dollars floating on the New York Stock Exchange in 2014.
After the IPO, Jun pointed out that the company's main purpose is not to buy the company. is not just selling more devices or pocketing more profit. Nevertheless, this claimed Chinese company will still carry the strategy of bringing a cheap mobile phone with high-performance products, Internet-connected products and a retail network. (evn)
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