Takbeer-e-tahreemah and Qiyaam

Imaam starting the qiraat while one is reciting thana

Q: In Prayer behind the Imam, if the Imam starts reciting whilst one just started reading the Thana and he was in the middle of saying اللهم in the Thana but the Imam had already started so he just finished saying Allahumma then he stopped reading the Thana, 

1. Would the prayer be valid? 

2. Would he have missed a Wajib and have to repeat the salah for missing a Wajib?