Chinese smartphone maker Xiaomi’s expected July initial public offering (IPO) is one of the most highly anticipated in years.
Not only is it the biggest IPO since Alibaba’s in 2014, but it will also serve as a major test for a groundbreaking stock-listing mechanism. Additionally, Xiaomi is floating its shares in a new market environment where Beijing looks to curb stock-market excesses. Xiaomi’s IPO performance is sure to be intensely scrutinized.
