Xiaomi’s valuation is ‘quite a bit of a stretch’ now: Strategist
China’s Xiaomi has filed for the largest IPO since Alibaba. It comes at a time when it holds the ranking of the fourth biggest smartphone brand.
However, Hao Hong of Bank of Communications International says Xiaomi’s stock is “very expensive” ahead of its IPO and may not be a very good price for latecomers.
Watch the video at https://www.cnbc.com/video/2018/05/02/xiaomis-valuation-is-quite-a-bit-of-a-stretch-now-strategist.html