Stefan Mileschin

13 percent jump the second day

Xiaomi has finally listed on the Hong Kong stock exchange with an initial public offering of $17HK per share and in the first day it jumped 13 percent.

Currently at $19 KH and peaks of $19.34 HKD, things are starting to look a bit brighter. Xiaomi is the biggest tech IPO in the last four years since Alibaba went public. Before it went public, it was estimated that Xiaomi could n be valued as much as $100 billion at launch but rather negative Q1 2018 results affected the IPO value.

Xiaomi is an eight year old company and managed to grow to be one of the largest phone manufactures in the world, especially in native China and India. The company has 70 percent revenue stream from phones, 20 percent from IoT and Lifestyle devices and 10 percent on services. It's called the Apple of the east and in the last few years, Xiaomi managed to launch a lot of unique products including phones ranging from $100 entry level decent phone to $500ish for the high end.

The company sold out millions of the latest generation Xiaomi Mi8 and affordable Mi8 SE phones and it has also managed to ship them outside of China and India. In early 2018 the firm launched two new retail stores in France and Italy announcing the slow progression toward European consumers. The Etail and Retail market in Europe already embraced Xiaomi as an important player and Hutchinson, 3 network in a few European countries will soon start carrying Xiaomi phones too.

https://fudzilla.com/news/mobile/467...lly-ipo-at-50b