On July 9, Xiaomi was listed in Hong Kong, and the stock price started at HK$17. But what people didn't expect was that their stock price actually broke on the day of listing, and the outside world shouted.
However, Lei Jun is not flustered, and said that the recent capital market is not good, short-term stock price is not the most important, long-term price is the key. 'It seems that the first day of stock price decline has been expected in Lei Jun.
According to the Wall Street Journal, although the first day of the listing of Xiaomi fell below the issue price, the business model and valuation were questioned by many people, but the overall performance of the stock in the first week of listing was quite gratifying, rising 26.18%.
The report pointed out that a very important reason for the rise of Xiaomi's stock price is that Xiaomi is included in the Hang Seng Index, which is good for A-share investors. The general stockholders can also easily buy and sell Xiaomi stocks.
According to the Wall Street Journal's algorithm, Xiaomi's closing price of 21 Hong Kong dollars per share (about 2.68 US dollars) is nearly 24% higher than the issue price of 17 Hong Kong dollars. This makes the company's market value close to 67 billion US dollars, with Japanese veteran electronics It is roughly equivalent to Sony, the entertainment group.
