Exterior of the Xiaomi store in Mong Kok. Photo: Edmond So

Hong Kong retail investors give Xiaomi’s IPO the cold shoulder, put off by high financing cost and valuation

Anecdotal evidence from four of the city’s biggest retail brokers indicated that the portion bought by individual investors exceeded their allocations by a combined 33 per cent on the first day of offer

Topic |   Xiaomi

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Exterior of the Xiaomi store in Mong Kok. Photo: Edmond So
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