Is Xiaomi's IPO worth a punt?

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SINGAPORE (June 25): Xiaomi Corp has planned its initial public offering (IPO) since last year and in Dec 2017, it was reported that the group was seeking a valuation of about US$50 billion (S$67.4 billion).

This has since changed and now the group plans to raise around US$6 billion at HK$17-22 per share, still making it the world’s largest tech listing since Alibaba in 2014.

Currently, the Chinese smartphone maker is the world’s fourth largest smartphone company based on smartphone shipments, which produces low-cost but high-specification handsets and strives to create an ecosystem of devices such as...(click on link for full story on