China’s Xiaomi makes underwhelming public debut in Hong Kong IPO
09 July, 2018, 15:42 | Author: Eric Barnett
Xiaomi's debut comes at a challenging time for Chinese stocks as investor sentiment has been hurt by an escalating trade conflict with the U.S. Last month, Shanghai's key index entered bear-market territory-meaning a 20% drop from its recent high-and Hong Kong's benchmark is down more than 10% from a January peak.
The stock that was made available to retail investors drew orders represented 9.5 times the shares offered, the company said Friday.
Xiaomi Corp. shares slipped and then rebounded Monday in the Chinese smartphone maker's first trading day in Hong Kong following a multibillion-dollar initial public offering.
The IPO pricing valued the firm, which also makes internet-connected home appliances and gadgets, at about US$54 billion, nearly half its original US$100 billion ambition earlier this year.
By contrast, China Literature Ltd, the e-book arm of Tencent Holdings, late past year raised US$1.1 billion in its Hong Kong IPO amid heavy demand, with the retail portion being 625 times oversubscribed.
Chris has the potential to strengthen into a hurricane because of warm sea surface temperatures and favourable winds. Chances of formation are low, near zero percent within 48 hours and near 30 percent within five days.
Fans had descended at Clapham Junction and were clapping and cheering when the man chose to climb on top of the bus. "I am proud to make ex-players proud and I am sure it is bringing back memories for them".
I am also unpersuaded that our negotiating approach will not just lead to further demands for concessions. Here's everything you need to know about how things could play out over the coming hours and days.
The Trump administration has argued that China has deployed predatory tactics in a push to overtake US technological dominance. The negative impact on China's gross domestic product growth - and Chinese consumer prices - is also expected to be minimal.
Fox's putt dramatically lipped out for his birdie to force a second playoff hole and gave Knox the win. In the end, it wasn't to be, after a final round where Fox was in the driver's seat on two occasions.
A trailer for the sixth and final season of House Of Cards , featuring Wright as United States president, has been released. A recent teaser for the sixth season of House of Cards put Claire Underwood front and centre.
But the rescue teams would be thoroughly assessed to ensure they were fully ready and prepared to proceed, he said. Thirteen medical teams have been stationed outside the cave - one for each of the boys and their coach.
All this in a week when the PM hosts top European Union leaders, including Chancellor Merkel, and US President President Trump. It would give him a platform for a future leadership challenge but there has always been a lack of trust between Gove and May.
He said he was anxious the government's negotiating approach would "lead to further demands for concessions" from Brussels. Davis's resignation could embolden Brexit-supporting Conservative parliamentarians to challenge May's leadership.
The first subpoena issued to Maryland seeks information on Maryland assistant coach Orlando Ranson, as well as an unnamed player. Maryland is sponsored by Under Armour, one of Adidas's chief rivals in the basketball market, along with Nike.
Oil prices inch up in face of tight market
That could lure India to take more US crude, Fielden said. "Shale crude is not an alternative to Iranian crude", Fielden said. Import duties would make US oil uncompetitive in China, forcing its refiners to seek alternative supplies in a tight market.
Warframe Announced for Nintendo Switch
Since it was released for the PC five years ago, Warframe has steadily grown in popularity. As a reminder, Panic Button has been responsible for a number of Nintendo Switch ports.
Warriors expected to address bench woes, sign Jonas Jerebko
ESPN's Adrian Wojnarowski reported Saturday morning that there's mutual interest between Jerebko and the Golden State Warriors . According to Basketball Insiders, Utah had until July 9 to guarantee the contract, worth $4.2 million, or waive him.
Noida now has the largest mobile factory in the world
The plant started with the manufacture of televisions way back in 1997, and mobile phone manufacturing unit was added in 2005. Samsung had past year announced a fresh investment of ₹ 4,915 crore to expand the existing plant by another 35 acres.
Former Arsenal defender Emmanuel Eboue arrested
According to reports, he may also be unable to afford legal representation following a failed appeal against his divorce. Police said a man has been detained on suspicion of arson and malicious communications outside a home in Enfield.
Hamilton hits out at Ferrari’s "interesting tactics"
A five-second penalty [for Vettel in France] and a 10-second penalty doesn't feel. "The stewards realised what's going on here". Ferrari , winners with championship leader Sebastian Vettel , dismissed the suggestion and others also jumped to their defence.