Xiaomi Sinks After Billions of Shares Are Unlocked for Sale
Looks like its getting more reasonable to buy some.
https://www.bloomberg.com/news/articles/2019-01-08/billions-of-xiaomi-shares-are-about-to-be-unlocked-for-sale
Many Xiaomi Corp. investors, who could only watch as the stock shed $14 billion in market value, are now able to join in on the selling.
Expiring Wednesday was the six-month lockup period that followed the company’s Hong Kong debut, during which some employees and cornerstone investors were banned from disposing of their allocated shares. It’s been painful: Xiaomi has dropped to HK$10.34 from a listing price of HK$17, losing another 6.9 percent Wednesday on almost seven times its average volume of the past three months.