INSUBCONTINENT EXCLUSIVE:
have created a company that wants to challenge the global industry dominance of Apple Inc
and Samsung Electronics Co
billionaires.
Xiaomi last week filed for a debut in Hong Kong that will value the company at $50 billion to $100 billion, according to six
analysts surveyed by Bloomberg
Lei, the chairman and chief executive officer, is the biggest shareholder with a 31.4 percent stake, while his fellow founders control 27
valuation would create three new billionaires
second-biggest economy is forging the mega-wealthy
-- with a combined wealth of $464 billion, according to the Bloomberg Billionaires Index.
The company declined to comment on the net worth
of its founders.
Just how big these fortunes will be may hinge in part on how many new shares are issued, with estimates of the public float
Online health-tech service provider Ping An Healthcare and Technology Co
performance has been mixed," said Sundeep Gantori, equity analyst at UBS Global Wealth Management, commenting on the surging number of IPOs
internet darling and not just a maker of cheap phones, said Mo Jia, an analyst at Canalys in Shanghai
would boost his stake value to $26.7 billion
If Lei and the others decide to sell some of their existing holdings in the offering, that could affect the final valuation.
