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D Chinese smartphone maker Xiaomi made its disappointing debut Monday in Hong Kong. The share fell by 2.9% at the start of trading. Over time, the paper reached a minimum of 16.50 Hong Kong dollars at an issue price of 17.00 Hong Kong dollars. Xiaomi was only able to touch its shares at the lower end of the price range, which was up to 22.00 Hong Kong dollars. The fourth largest smartphone producer in the world raised $ 4.72 billion for its IPO.
The transition to the trading room has come at a difficult time. The trade dispute between China and the United States has reduced the Hong Kong stock index by 6.5% in June, down 5.8% since the beginning of the year. The Xiaomi IPO is seen as a barometer of sentiment for other candidates such as China Tower, the world's largest mobile mast operator and the Meituan online platform operator Dianping
. Debut taken. The Hong Kong stock market recently introduced new rules to attract technology companies. With Xiaomi right now has seized one of the most famous companies of the People's Republic, which manufactures not only mobile phones, but also home appliances such as air purifier or cooker to rice, but is also active in the advertising market in …
Xiaomi wrote figures in red last year: The loss totaled $ 25,000. equivalent of 5.75 billion euros. In contrast, sales rose 67.5% to 15 billion euros. Xiaomi attracts customers with relatively cheap smartphones and puts pressure on Samsung Electronics and Apple.
Last year, the Chinese doubled their sales and became the fourth largest smartphone provider in the world. For example, Xiaomi benefited from growth in India, more than offsetting slowing demand for smartphones in many places.
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