Exclusive: China’s Xiaomi cuts valuation after pulling mainland offering – sources
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June 19, 2018This post was originally published on this site
HONG KONG/SHANGHAI (Reuters/IFR) – Chinese smartphone maker Xiaomi has lowered its likely valuation to between $55 billion and $70 billion following its decision to delay its mainland share offering until after its Hong Kong IPO, three sources with direct knowledge of the matter said.