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.