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Xiaomi's IPO flops, but a select few shareholders earn 56,823% profit

Bloomberg/Hong Kong 11 Jan 19 | 12:23 AM

Xiaomi is a perfect example of how taking a company public can make a select number of shareholders a lot of money, even if the IPO flops. 

The stock lost about 30 per cent in the six months that followed its Hong Kong debut. 

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For those who snapped up stock in Xiaomi’s earliest funding round, offloading the shares this week still proved hugely profitable. They paid as little as 1.95 Hong Kong cents for a slice between September 2010 and May 2011. Early holders could have pocketed a 56,823 per cent profit if they sold at Tuesday’s close of HK$11.10, without adjusting for stock splits.

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