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Xiaomi’s IPO will make dozens of fortunate employees millionaires

Eight years in the past, earlier than China’s Xiaomi Corp. had offered a single smartphone, 56 of the earliest staff pulled collectively $11 million to spend money on the startup. Rank-and-file employees dipped into financial savings and borrowed from mother and father. One receptionist tapped her dowry.

At this time, they’re the Fortunate 56. Xiaomi is likely one of the most profitable smartphone makers on the planet and it’s prepping a blockbuster preliminary public providing. Their stake within the firm could quickly be value $1 billion to $three billion, relying on the inventory sale. That works out to $36 million every on the midpoint.

The fortuitous choice started with employees like Li Weixing, an ex-Microsoft engineer who was worker No. 12.

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Author: Techno Info

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