1. Xiaomi price: Xiaomi, a smartphone maker that has rocketed to success in China and India, has reportedly priced its Hong Kong IPO.
The tech company priced nearly 2.2 billion shares at the low end of its target range of 17 to 22 Hong Kong dollars ($2.17 to $2.80), according to media reports.
The Beijing-based electronics firm is known for its affordable iPhone alternatives and internet-enabled rice cookers.
Investors may be worried about the company’s growth potential and its margins.
2. Another blow for Deutsche: Deutsche Bank (DB) was the only major financial institution to fail annual stress tests carried out by the US Federal Reserve.
The central bank objected to the capital plan of the German bank’s US subsidiary, citing…
