INSUBCONTINENT EXCLUSIVE:
the $18-billion Chinese smartphone maker lists shares in Hong Kong over the next few months in one of the biggest initial public offerings
(IPOs) globally in four years.
Jain, 37, is the only foreigner among the 10 employees on board and senior management team who has shares
allotted under the employee stock ownership plan (ESOP) as per the draft prospectus filed on Thursday
It said Jain has 2.3 million shares, making him its third-highest ESOP holder globally.
He was allotted the shares in five tranches starting
June 2014 when the brand entered India, with the last two awarded in January and February this year, as per the filing
ESOP holders are led by Xiaomi Corp CFO Chew Shou Zi and Wang Chuan, senior vice president of the TV business, with 5 million shares each
last quarter, overtaking South Korean giant Samsung
partner of Xiaomi.
Prior to joining Xiaomi, Jain was the cofounder and managing director of fashion ecommerce site Jabong, which he exited
The Indian Institute of Technology-Indian Institute of Management alumnus is one of the most active Indian CEOs on social media.
