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Xiaomi's IPO makes it the third-most valuable smartphone maker

4 monthes ago   |   By Ars Technica

Enlarge / Xiaomi execs open the HK stock exchange.
Chinese smartphone maker Xiaomi kicked off its Initial Public Offering today. The company debuted on the Hong Kong Stock Exchange under the symbol " 1810-HK ," and with the Hong Kong market closed after a day of trading, the stock settled in at 16.80HKD. This was down from Xiaomi's initial price of 17HKD, but it still values the company at around $50 billion, making Xiaomi the biggest tech IPO in around four years.
The $50 billion valuation means Xiaomi is now the third most-valuable publicly traded smartphone maker, behind Apple and...
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