On Monday, Xiaomi joined the Hong Kong Hang Seng index with a $ 54 billion debut. This is far less than the estimated $ 100 billion number that was floated months ago, with it closing on Monday at HK$ 17 per share. Tuesday saw it rise up to HK$ 19 per share but still puts it at far less than the original Xiaomi IPO estimate.

However, $ 54 billion is nothing to sneeze at; it still positions Xiaomi as one of  [Read More…]