Shares in Xiaomi dropped nearly 5 per cent at the open in Hong Kong on Monday, marking a disappointing start for one of the most highly-anticipated public offerings of 2018.
Shares fell as much as 4.8 per cent to HK$16.18, having priced at HK$17.
The drop came after the Chinese tech giant and the world’s fourth-largest smartphone maker priced its IPO at the bottom end of its target range.
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