A star of this year’s global initial public offering market, China’s Xiaomi, has published its long-awaited deal prospectus. And so the key question follows: What is this company, the world’s fourth-largest smartphone maker by volume, really worth? One thing is clear: Nowhere near the $100 billion doing the rounds. There is a reason Xiaomi...

Source: Wall Street Journal May 03, 2018 09:19 UTC