Sina Technology News Beijing time on May 8 afternoon news, when the millet's founder in 2010 in a small office in Zhongguancun to drink millet porridge, they decided to set up a 'sincere' price of mobile phone smart phone brand.
Eight years later, Lei Jun and seven other co-founders created a company that wants to challenge Apple and Samsung’s dominance. Their upcoming IPO transaction is also expected to create a global record since 2014, and five new Billionaires.
Xiaomi submitted a listing application in Hong Kong last week. Analysts on average expected it to have a valuation of between 50 billion and 100 billion US dollars. The prospectus shows that as Xiaomi’s chairman and CEO, Lei Jun holds 31.4% of the shares, and the other 7 founders hold 27% of the shares.
Lei Jun and Xiaomi’s president Lin Bin are already billionaires, and the 50 billion dollar valuation will also create 3 new billionaires. If the valuation reaches 100 billion US dollars, then Lei Jun and Lin Bin’s five entrepreneurial partners will be In this rank, it fully reflects China’s second-largest economy in the world’s largest economy. According to the Forbes billionaire index, of the top 500 people in the world's richest list, 40 are from China, only the number of people. In the United States, total wealth reached 464 billion U.S. dollars.
Xiaomi refused to comment on the founders’ net assets.
However, how much wealth these founders can actually obtain is only an estimate of the outside world. The specific amount also depends on the market price. However, the market’s appetite for technology companies has started to cause concern. Ping An’s good doctor broke the first day of listing in Hong Kong last week. .
'Over the past few quarters, the performance of IPOs has been mixed.' Sundeep Gantori, equity analyst at UBS Global Asset Management, commented.
Mo Jia, an analyst at market research firm Canalys, said whether Xiaomi’s ability to obtain a higher valuation depends on whether the investor believes the company is an Internet company, not just a cheap handset manufacturer. Even Xiaomi To reach the upper limit of valuation, 'It is also difficult to judge how long it can last.'
Calculated according to different valuations and issuance structures, Lei Jun holds a stock value of between 11.8 billion and 26.7 billion U.S. dollars. His net assets can reach 28.3 billion U.S. dollars - including investments in Kingsoft and YY, making it the only Ma Yun from Alibaba, Ma Huateng from Tencent and Xu Jiayin from Evergrande in China.