https://www.cnbc.com/2018/07/11/tech-giants-disappointing-debut-casts-a-cloud-over-chinese-ipos-in-ho.html > Mobile phone maker Xiaomi’s disappointing initial public offering has cast a cloud over potential new listings by Chinese companies in Hong Kong. The intensifying trade conflict between Beijing and Washington is only further deflating sentiment. > Xiaomi shares closed lower Monday in Hong Kong on its first day of trading after the world’s fourth-largest mobile phone maker priced an IPO that gave it a valuation of about $54 billion — half of what it had originally expected.