Xiaomi IPO Draws Bids at 11% Discount in Gray Market
The Xiaomi logo is displayed behind a reception desk at the company’s headquarters in Beijing, China. (Photographer: Brent Lewin/Bloomberg)

Xiaomi IPO Draws Bids at 11% Discount in Gray Market

(Bloomberg) -- Xiaomi Corp.’s debut is off to a bad start even before its shares officially begin trading in Hong Kong on Monday.
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