Two years on, Xiaomi’s market value shoots past its $100bn IPO target
23 December 2020 - 10:48
Hong Kong — Xiaomi founder Lei Jun can finally rejoice after the Chinese smartphone maker’s market value swelled past the $100bn mark, a figure his company fell far short of when it listed two years ago.
The firm’s stock rallied as much as 9.1% on Wednesday to a new record in Hong Kong, making it the 13th stock in the city’s benchmark Hang Seng index to have a market capitalisation above $100bn...
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