Xiaomi’s $10 Billion IPO Question: If We Hype It, Will They Come?


WSJ—The Chinese smartphone giant, looking to ring up what is poised to be the world’s biggest stock sale of 2018, is looking to woo investors by casting itself as a broader provider of services and software.

Xiaomi’s IPO will make its earliest employees millionaires. Eight years ago, before China’s Xiaomi Corp. had sold a single smartphone, 56 of the earliest employees pulled together $11 million to invest in the startup.