Chinese smartphone maker Xiaomi is among at least 23 Chinese tech startups eyeing IPOs in Asia and the US, according to data compiled by Bloomberg. Photo: AFP

Struggling Chinese tech debuts don't bode well for unicorn IPOs

As a new batch of China unicorns line up to list, the performance of tech start-ups that went public in past year doesn’t augur well, with two-thirds below their offer price

Topic |   IPO

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Chinese smartphone maker Xiaomi is among at least 23 Chinese tech startups eyeing IPOs in Asia and the US, according to data compiled by Bloomberg. Photo: AFP
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