On the morning of July 9, the high-profile Xiaomi Group officially listed on the main board of the Hong Kong Stock Exchange, becoming the first listed company in the Hong Kong stock market 'individual share rights' innovation pilot. The first day of listing, reported at 16.60 Hong Kong dollars, compared with the issue price of 17 Hong Kong dollars It fell 2.35% and broke at the opening. According to the opening price, the total market value of Xiaomi is 371.4 billion Hong Kong dollars.
According to the latest disclosure, Xiaomi's founder, chairman and CEO Lei Jun holds approximately 29.4% of the shares. Based on the current market value of Xiaomi's approximately US$46.5 billion, the market value of Xiaomi's Xiaomi shares is approximately US$13.69 billion. According to the Forbes Rich List real-time list The data shows that Lei Jun is currently ranked 12th in China's rich list with 12.4 billion US dollars. Ma Huateng ranks first with 43 billion US dollars. In this way, Lei Jun is only 10 points away from the richest list. One has a large gap of $30.6 billion.
In addition, Xiaomi Group's IPO global sales of 2.18 billion shares, of which 95% for international placement, 5% for investors to openly subscribe. According to the results of the IPO announced on Friday, the public offering and international placement were 9.5 times and 1.1 times respectively Subscription, the price per share is HK$17, which is at the lower limit of HK$17-22 in the offer range. The winning rate for the first-hand (200 shares) is 100%, and the application for 9 lots is stable. 2 Xiaomi expects the IPO financing to be HK$23.97 billion. .
For the final price of the lowest price of HK$17, Liu Qiangdong, Chairman of the Board of Directors of Jingdong Group, expressed his affirmation and praise. He said, 'I saw that Lei Jun was finally set at the lowest price when he finally priced. I don’t know why he was relieved! Capital is rampant, and many startups enjoy super-high-level market valuations, which has created the illusion for many entrepreneurs. Some people even really believe that they can value so much money! Now it may be time for nude swimming. Advise the unicorns behind to learn from Lei Jun, to make it possible for the shareholders to make money is the thing of cattle, to the stock market to cut the leek is not qualified to become an entrepreneur.
Public news, July 8th is the day before Xiaomi's listing. Lei Jun issued an open letter saying that more than 100,000 investors actively participated in the subscription of Xiaomi's stock, including Li Ka-shing, Ma Yun, Ma Huateng, etc. Finance to buy real estate as the main investment channel Writer Wu Xiaobo published an article saying that he opened the stock account for the first time and subscribed for $200,000 in Xiaomi stock.
However, due to the influence of the external situation, the price of the institutional investors on the off-site is not high. According to the data of the Phillips trading platform, on July 6, the opening of the Xiaomi dark disk has lost the offer price of HK$17, and the lowest price once touched. HK$15.50, which ended at HK$16.1, fell 5.3% from the offer price of HK$17 per share. In this regard, Lei Jun explained in an open letter on July 8 that the capital market has been ups and downs recently, and that the listing of Xiaomi means great success.
Regarding the decline of Xiaomi's valuation, Gui Haoming, chief market analyst of Shenwan Hongyuan Securities Research Institute, said that on the one hand, it is the result of the improvement of market rational factors; on the other hand, it is also the result of the rational choice of Xiaomi's management team, they are decisive. The decision to use the lower limit of the inquiry interval as the issue price not only reflects the respect for the market, but also reflects the attitude towards the objective valuation of the company.
Although Xiaomi was broken on the first day of listing, there are also opinions that 'it is good to go public. If the market gate is closed and missed the market, then it will cry.' It is true that the listing of a brand is inevitable, although Xiaomi is In Hong Kong, not the United States, Hong Kong is enough as an international trading market. Similarly, Lei Jun also believes that the international market is the focus of its future expansion. He said that in the first quarter, Xiaomi’s international business accounted for 36% of total revenue. %, Xiaomi should further promote internationalization, and realize the international business income as much as half of the total income as soon as possible.