Customers visit to a Xiaomi Store in Mong Kok, Hong Kong on 25 June 2018. Photo: SCMP/Edmond So
Xiaomi’s US$6.1 billion stock sale is 8.5 times overbought as global investors digest blockbuster IPO
The Chinese smartphone maker’s stock sale made it past the finish line as investors oversubscribed the retail portion of the US$6.1 billion offering
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Xiaomi
Customers visit to a Xiaomi Store in Mong Kok, Hong Kong on 25 June 2018. Photo: SCMP/Edmond So