Tag Archives: Pulling

Xiaomi Said to Cut Valuation After Pulling Mainland Offering

Chinese smartphone maker Xiaomi has lowered its likely valuation to between $55 billion (roughly Rs. 3.75 lakh crores) and $70 billion (roughly Rs. 4.78 lakh crores) following its decision to delay its mainland share offering until after its Hong Kong IPO, three sources with direct knowledge of the matter said. The delay was triggered by a dispute between the company and regulators… Read More »