Xiaomi, a Chinese Technology Darling, Slumps After I.P.O (nytimes.com)

Good for xiaomi. A 4% slump means they priced it about right.

I don't know why journalists like to write about a big increase after an IPO as success... it's literally a failure. It means the company gave away money.

Blackmoon tokenizes Xiaomi IPO. So now, what would be the lockup period?