The prospectus for the initial public offering (IPO) for Chinese smartphone maker Xiaomi is pictured during a press conference in Hong Kong on June 23, 2018. Chinese smartphone maker Xiaomi kicked off its initial public offering on June 21 but the firm is likely to pull in about 6.1 billion USD, far less than originally expected, with investors having mixed views about its main business. Photo: Agence France-Presse

Xiaomi’s value cut by almost half as smartphone maker prices IPO at the lower end of the price range

Topic |   Xiaomi

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The prospectus for the initial public offering (IPO) for Chinese smartphone maker Xiaomi is pictured during a press conference in Hong Kong on June 23, 2018. Chinese smartphone maker Xiaomi kicked off its initial public offering on June 21 but the firm is likely to pull in about 6.1 billion USD, far less than originally expected, with investors having mixed views about its main business. Photo: Agence France-Presse
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