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Xiaomi's weak debut portends trouble for imminent Hong Kong tech listings

Reuters  |  HONG KONG 

By Julie ZhuHONG KONG (Reuters) - Xiaomi Corp's shares fell as much as 6 percent in their Hong Kong debut on concerns over the Chinese smartphone maker's valuation, in an ominous sign for its technology sector peers who have lined up listings in the city.The share performance of Xiaomi is a key test of investor sentiment for what is expected to be a packed initial public offering (IPO) calendar in the coming months. These include a $4 billion deal from online food delivery-to-ticketing services platform Meituan Dianping and an up to $10 billion IPO from China Tower, the world's largest ...

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First Published: Mon, July 09 2018. 11:54 IST
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