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The Lucky 56: Xiaomi IPO to make dozens of workers millionaires


Now Xiaomi is the fourth-largest smartphone maker in the world and likely will be valued at more than 200 times that amount. — Bloomberg

Now Xiaomi is the fourth-largest smartphone maker in the world and likely will be valued at more than 200 times that amount. — Bloomberg

Eight years ago, before China’s Xiaomi Corp had sold a single smartphone, 56 of the earliest employees pulled together US$11mil (RM43.74mil) to invest in the startup. Rank-and-file workers dipped into savings and borrowed from parents. One receptionist tapped her dowry. 

Today, they’re the Lucky 56. Xiaomi is one of the most successful smartphone makers in the world and it’s prepping a blockbuster initial public offering. Their stake in the company may soon be worth US$1bil (RM3.97bil) to US$3bil (RM11.92bil), depending on the stock sale. That works out to US$36mil (RM143.15mil) each at the midpoint. 

   

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