https://qz.com/1271703/xiaomi-ipo-manu-jain-set-to-make-a-fortune-after-chinese-tech-giant-goes-public/ >Chinese phone-maker Xiaomi’s initial public offering (IPO) is likely to make at least one Indian a lot wealthier: Manu Kumar Jain, vice president and managing director of the company’s India arm. >Xiaomi has announced plans for a $10 billion stock market debut in Hong Kong, which could value the company at around $100 billion. Jain, who is the only Indian on Xiaomi’s board, holds 2.3 million shares allotted under the employee stock ownership plan (ESOP), making him the third-highest ESOP holder in the company.