https://www.cnbc.com/2018/07/09/xiaomi-chinese-smartphone-maker-debuts-below-ipo-price.html

Shares of Chinese smartphone maker Xiaomi opened for trade down more than 2 percent on their debut in Hong Kong on Monday, following a disappointing pricing and a listing delay in mainland China.

Xiaomi shares opened down at 16.60 Hong Kong dollars ($2.12) a share, according to Dow Jones, below the initial public offering price of HK$17 ($2.17). The smartphone maker had on Friday priced its IPO at the low-end of an indicative range, raising $4.7 billion. It had earlier set a range of HK$17 to HK$22 for the approximately 2.18 billion shares on offer.