Xiaomi off to a rocky start as IPO draws bids at 9.4% discount in grey market

Xiaomi off to a rocky start as IPO draws bids at 9.4% discount in grey market

A "MI" logo stands outside the main entrance of the Xiaomi Corp. headquarters in Beijing, China. Photographer: Edmond Lococo/Bloomberg

Xiaomi Corp.’s debut is off to a bad start even before its shares officially start trading in Hong Kong on Monday.

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