A big build-up can ruin a good party. Chinese smartphone maker Xiaomi’s IPO was supposed to carry a sky-high valuation and act as a showcase for domestic capital markets. Instead, its mainland listing has been postponed and the targeted valuation of $100bn cut in half. The climbdown is embarrassing for both Xiaomi and the Chinese securities regulator.
太多的筹备可能会搞砸一场派对。manbetx3.0 智能手机制造商小米(Xiaomi)的首次公开发行(IPO)本应获得极高的估值，并成为境内资本市场的一个范例。然而，其在境内上市的计划已被推迟，1000亿美元的目标估值也已减半。这让小米和manbetx3.0 证券监管机构都很尴尬。
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