Shares of Xiaomi opened for trade today under the stock code 1810 at IPO price of HK$ 17 per share, which was in the lower range, but it opened at HK$ 16.60 less than the IPO price, and later dropped to HK$ 16.30. The company last month expected the offer price range to be between HK$17 and HK$22 per share in an aim to raise anywhere between US$ 4.72 billion and US$ 6.1 billion with a valuation between 54.3 billion and 70.3 billion. Continue reading “Xiaomi shares open for trade in Hong Kong below IPO price but it is confident about the future”