Xiaomi Corp

Xiaomi's weak IPO debut may spell trouble for upcoming Hong Kong tech listings

Xiaomi shares closed at HK$16.80, having touched a low of HK$16 in early trade, compared to the IPO price of HK$17 per share.

Xiaomi has floated an IPO on the Hong Kong stock exchange, thereby raising $4.72 bn

Xiaomi priced its share offering at HK$17 per share ($2.17), the bottom of a price range of HK$17 to HK$22

Xiaomi to invest Rs 6,000-7,000 crore in 100 Indian startups in the next 5 years to strengthen its hardware and software ecosystem

The companies that Xiaomi is looking to invest in, are more in mobile software tech side which will help strengthen hardware and software ecosystem