A $50 billion valuation with a 25% public float comprising only newly-issued shares would value Lei’s stake at $11.8 billion, while a $100 billion market cap with a 15% float would boost his stake value to $26.7 billion. 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. While Lei and Lin Bin, Xiaomi’s president, are already billionaires, a $50 billion valuation would create three new billionaires. Just how big these fortunes will be may hinge in part on how many new shares are issued, with estimates of the public float ranging from 15% to 25%. Online health-tech service provider Ping An Healthcare and Technology Co. dropped below the offer price on its first day of trading in Hong Kong last week.

Source: Mint May 08, 2018 16:07 UTC