Exactly a year ago, Xiaomi went IPO at Hong Kong Stock Exchange. On its debut day, Xiaomi’s stock price dropped by 2.9%.
Many said the IPO was rushed, in expectation of a downturn in the private market. At that time, there was a rush to Hong Kong’s public market by many Chinese unicorns.
A year on, this is how Xiaomi’s stock price performance:
On the day of the IPO, Founder Lei Jun said he would make “all the investors who bought Xiaomi on its debut day double their investment value”.
It would be a long journey.
Though it is also important not to discount Xiaomi too much, as it is not the first time it faces mounting doubts.
It has been resilient.