ΠDespite the forecasts in favor of Xiaomi, which promised that the value of its shares will increase without significant difficulties, its shares are facing a significant drop of more than 20% of their market value.
Shares of the Xiaomi Group closed at $ 1,73 on Monday, a big difference from the initial price of 2,17. The value has fallen more than 20% and at the end of the day fell another 4,90%. According to the information gathered, the Chinese company plans to sell 279,585 million Class B shares, of which 207,065 million are for the international market, representing 95% of the shares, while the rest will be put up for sale in Hong Kong. The planned bid price is $ 2,17 and if all are sold Xiaomi will be able to increase the amount by $ 42,61 billion.
We hope to hear good news from Xiaomi in the stock market before the end of the year. The Asian company wants to become a global technology leader. The conditions that affected it when it started in the stock market are the international trading conditions and the current macroeconomic situation.
