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- 1 October 2008
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Better than bitcoin -
I actually thought this was an opportunity and bought some given how appalling the timing was, trade wars and China tanking, for the float and that they halved the valuation for the float. Even though it's probably a long term rip off or Apple is still cheap as chips!
Co-founded by billionaire Lei Jun, Xiaomi has a market value of about $50 billion, a far cry from the $100 billion touted last year. The 1.2 percent slide at the close of trade is the worst first-day performance for a $1 billion-plus Hong Kong IPO since 2015.
"After raising $4.7 billion in an initial public offering selling stock at the bottom of its marketed range, the first day of trade saw the shares slide as much as 6 percent in Hong Kong. The IPO had been touted as the culmination of a remarkable turnaround and the starting gun for a clutch of mega debuts but it came amid sliding markets and an escalating trade spat between the U.S. and China."
Going alright so far - 1810 HK
I actually thought this was an opportunity and bought some given how appalling the timing was, trade wars and China tanking, for the float and that they halved the valuation for the float. Even though it's probably a long term rip off or Apple is still cheap as chips!
Co-founded by billionaire Lei Jun, Xiaomi has a market value of about $50 billion, a far cry from the $100 billion touted last year. The 1.2 percent slide at the close of trade is the worst first-day performance for a $1 billion-plus Hong Kong IPO since 2015.
"After raising $4.7 billion in an initial public offering selling stock at the bottom of its marketed range, the first day of trade saw the shares slide as much as 6 percent in Hong Kong. The IPO had been touted as the culmination of a remarkable turnaround and the starting gun for a clutch of mega debuts but it came amid sliding markets and an escalating trade spat between the U.S. and China."
Going alright so far - 1810 HK