A man looks at a mobile phone in a Xiaomi shop in Beijing on November 7, 2018. Photo: Agence France-Presse
Wave of selling at end of Xiaomi’s lock-up period raises questions about what’s ahead for other newly listed firms in Hong Kong
- China Tower, Meituan Dianping and Haidilao International Holding are among more than 50 companies whose mandatory holding periods are yet to expire this quarter
- A market rout has put the onus on sky-high valuations for Hong Kong’s IPOs, making it more likely that early shareholders will exit as soon as they are able
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Hong Kong Stock Exchange
A man looks at a mobile phone in a Xiaomi shop in Beijing on November 7, 2018. Photo: Agence France-Presse