Tianming Group's launch of the listing process was thus decided.

After the end of the board of directors, Zhou Jingming and Ma Xudong walked out of the conference room one after another, Zhou Jingming said as he walked, "The next project of the group's listing will be handed over to you to be responsible, and you can directly find their person in charge of which departments are needed to cooperate." ”

Ma Xudong, as the person with the strongest financial business ability in Tianming Group, handed over the group's IPO to him as a matter of course.

"Thank you Chairman for your trust, I will prepare carefully. Ma Xudong nodded hurriedly.

The preparation for the IPO of the enterprise is very complicated, but fortunately, Tianming Group has completed the shareholding reform a long time ago, so this IPO, Ma Xudong can skip the first stage and directly enter the second stage, that is, hire investment banks or securities companies to provide professional guidance to the group.

Because this time it is listed on the New York Stock Exchange in the United States, so the choice of investment banks, Ma Xudong is also aimed at several financial giants on Wall Street, this time professional counseling and later stock sales, Ma Xudong is ready to hire Goldman Sachs to lead, plus several other investment banks and domestic brokers, to form an underwriting syndicate, jointly responsible for the IPO of Tianming Collective.

After determining these things, Ma Xudong flew to the United States as soon as possible, started negotiations with Goldman Sachs, and soon reached an agreement, Goldman Sachs will officially send a professional team to Tianming Group in March this year to provide professional guidance to Tianming Group before listing.

On the other hand, the pre-sale of Tianming EP1 electric car also ushered in a new wave of climax in February, and by the end of February, the total number of pre-sales had exceeded 5,000 units, reaching 6,853 units!

In just two months, Tianming Group's sales of pure electric vehicles have exceeded GM's sales in the past ten years, and it is three times the total sales of the EV-1 in the past ten years!

Stimulated by Tianming Group, many automakers realized that maybe electric vehicles are really the general trend of the future?

In China, the relevant departments have also issued the industry specifications for pure electric vehicles in a timely manner, and officially regarded pure electric vehicles as a key development project of the domestic automobile industry, and the government also officially announced that different proportions of subsidies will be given to enterprises that produce electric vehicles and consumers who buy electric vehicles.

After the state promulgated the subsidy policy, many local governments, including Shencheng, Yanjing and other places, have successively introduced policies on subsidizing new energy vehicles, so that consumers will receive double subsidies from the state and local governments for every electric vehicle they buy.

Under such a policy, domestic consumers who buy Tianming EP1 can get a total of 100,000 yuan in subsidies for each person!

In other words, consumers only need to spend 250,000 yuan to get the Tianming EP1 electric car.

In this context, many old domestic car companies, such as FAW and SAIC and other groups, have begun to focus on the pure electric vehicle industry and stepped up the pace of enterprise electrification research.

Even many non-auto industries, spurred by state subsidies, are poised to make a fortune on electric vehicles.

However, fortunately, the industry specifications for electric vehicles were released in a timely manner, and the access conditions for the industry were strictly restricted, avoiding the recurrence of various insurance fraud phenomena in Zhou Jingming's previous life.

China has also become the first country in the world to make electric vehicles a key development project for the automotive industry, and the first country to issue relevant industry regulations.

In the traditional car, China failed to lead the times and could only be forced to catch up, but in the second revolution of the automobile industry, China successfully became a leader and took an important step in the electrification of automobiles.

***

Tianming Group Headquarters.

"Chairman, the Goldman Sachs team has officially settled in our group and has begun to provide us with professional guidance before listing, which is their initial suggestion based on the asset status of our group. As he spoke, Ma Xudong handed a document to Zhou Jingming.

Zhou Jingming took the document and asked while reading it, "You should have read this document, what do you think?"

"Most of us agreed, and there were some different suggestions, or situations that Goldman Sachs didn't take into account, and I commented on them at the edge of the document. Ma Xudong hurriedly replied.

Zhou Jingming didn't speak again, but looked at it seriously, the listing proposal given by Goldman Sachs is indeed similar to Zhou Jingming's original idea, to adopt a spin-off and listing plan, to separate the sales company and auto finance company from the listed group, integrate the main high-quality assets, and take the group's main business as the focus of the listing.

Ma Xudong and Zhou Jingming agree with these, but in the electric vehicle sector, Ma Xudong has a disagreement with Goldman Sachs.

Goldman Sachs believes that electric vehicles are currently only strongly supported in China, but in the international market, the prospects are not clear, so they suggest that electric vehicles should be spun off and not listed for the time being, so as to prevent them from being treated as non-performing assets and affecting the future stock pricing.

However, Ma Xudong insisted that the stock should not only look at the current situation, but also consider the impact of permanent cash flow, and electric vehicles will definitely be the general trend in the future, so Ma Xudong feels that this time the listing of electric vehicles should also be incorporated together.

About ten minutes later, Zhou Jingming roughly finished reading the documents in his hand, then looked at Ma Xudong and said, "Old Ma, about electric vehicles, my thoughts are the same as Goldman Sachs, temporarily spin off electric vehicles, do not do listing processing, and wait until they are listed separately later." ”

"Does the chairman also think that going public together will affect the stock pricing?" asked Ma Xudong puzzled. It stands to reason that Zhou Jingming is the one who knows the development prospects of electric vehicles the most!

"On the contrary, the reason why I don't let electric vehicles go public together is because I think the group's current business is likely to affect the future stock pricing of electric vehicles, believe it or not, after a while, the stock market value of the electric vehicle branch alone can even exceed the stock market value of the entire group?" Zhou Jingming asked with a smile.

In the previous life, not long after Tesla went public, the market value of its stock once exceeded $100 billion, becoming the first car company in the United States with a market value of more than $100 billion, and even General Motors was not able to reach such a level.

If you spin off an electric car company, it's definitely a unicorn!

Zhou Jingming didn't want to waste such a good resource.

"I understand what the chairman meant, so I'll go back and discuss it with the people at Goldman Sachs and improve the plan. Ma Xudong thought about it for a while, and immediately understood what Zhou Jingming meant.

***

Although the confidentiality work is very good, the news that Tianming Group is about to go public is still spreading, after all, there is a lot of work to be done before the listing, and the Goldman Sachs team has already settled in the group for counseling, as long as you pay a little attention, you can still dig out a little something.

The first to report the news was the domestic "Economic Observer", in this report titled "Tianming Group Starts Listing Process", the "Economic Observer" wrote,

“…… At present, Tianming Group has hired Goldman Sachs to counsel the listing, and the specific news has not been officially announced by Tianming Group...... If Tianming Group is really listed, it is likely to become the largest IPO in the history of China......"

As soon as the report of the Economic Observer was issued, it caused a huge repercussion in the entire financial circle, and the Wall Street Journal of the United States also confirmed the news immediately, because they learned from Goldman Sachs that Tianming Group was indeed receiving counseling from Goldman Sachs.

Under such circumstances, Tianming Group then held a press conference to officially announce that the group had indeed started the listing process.

One stone stirs up a thousand waves!

As an automobile manufacturer with great prospects, Tianming Group's every move has attracted the attention of the world, and this official IPO has made the world's attention focus on Tianming Group.

"Tianming Group admits to start the listing process!"

"The largest automaker in history by market capitalization is about to be born?"

"Tianming Group is about to go public in the United States!"

…………

Many people are guessing that once Tianming Group is listed, it is likely to directly become the car company with the highest market value, surpassing Toyota and Volkswagen in one fell swoop, and the market value will directly exceed 100 billion US dollars!

You know, at present, the major international car companies, with a market value of more than 100 billion US dollars, only Toyota, whose market value has reached the level of 200 billion US dollars, and the rest of the car manufacturers, with the highest market value, that is, Volkswagen with 90 billion US dollars, if the market value of Tianming Group can exceed 100 billion US dollars, then it will at least rank second, second only to Toyota!

What's more, many investment experts on Wall Street believe that the market value of Tianming Group will directly surpass Toyota and become the highest market value automaker!

All in all, the listing of Tianming Group has attracted attention from all sides, and Wall Street has reached an unprecedented consensus on the prospect of Tianming Group's listing, and no one will doubt what kind of impact China's largest automaker will bring to the capital market!

The process of listing is still in normal preparation, and the time will soon enter 2004, Goldman Sachs' professional counseling has officially ended, and now it has entered the preparatory stage for the issuance of shares, and Zhou Jingming also held a high-level meeting of the group at this time.

"In 2003, our group's global sales reached 6.89 million units, has surpassed Ford, ranked third in the world, if nothing else, by the end of this year, our sales will surpass Toyota, even more than GM, to the top of the world, and this year's sales target is 7.5 million units, and strive to reach the level of 8 million......"

At the meeting, the person in charge of each company first reported to Zhou Jingming about this year's work plan, and the first person to speak was Xu Weidong of the sales company.

Immediately afterwards, the general managers of the remaining companies have also reported their respective work plans, in terms of electric vehicles, under the leadership of Martin Eberhard, there are already two new models in development, one SUV, the other is an enhanced version of the Tianming EP1, and the rest of the companies also have their own new model development plans.

"At present, the group's IPO work has entered a critical stage, and it is expected that in April this year, it will be able to submit listing materials to the New York Stock Exchange, and after the preliminary valuation of Goldman Sachs, the total market value of our Tianming Group is between $300 billion and $380 billion!"

When Ma Xudong said this, there was an exclamation in the entire conference room, who would have thought that the valuation of Tianming Group could reach 300 billion US dollars!

"Toyota's market value seems to be only 200 billion US dollars, and our group is more than Toyota?"

"Toyota's 200 billion is also unstable, and it seems to be more than 190 billion at present!"

"The market value looks at the future development prospects of the enterprise, and it seems that the capital market is very optimistic about our Tianming Group!"

A group of people couldn't help but turn their heads to each other, and everyone's faces were filled with joyful expressions.

Zhou Jingming smiled quietly, the valuation of 300 billion US dollars is about the same as the price in Zhou Jingming's heart, this is not counting the divested electric vehicle companies, if you count this, plus auto finance, the total market value of the entire Tianming Group will be close to 500 billion US dollars!

Such a total market capitalization is enough to rank among the top five in the world!

"Old Ma, when will the stock be officially put on sale?" Zhou Jingming looked at Ma Xudong and asked.

"If nothing else, it should be in December this year, and the specific time has not yet been determined. Ma Xudong replied.

The review time of IPO in the United States is much shorter than that in China, and the entry threshold is relatively lower, under the same conditions, the domestic IPO will take at least half a year longer than that in the United States, as long as the US Securities Regulatory Commission approves it, it will not be long before the final stock offering.

"Okay, then you continue to keep an eye on this matter, and if there is any progress, feel free to report to me. Zhou Jingming nodded.

With the end of the meeting, the process of Tianming Group's IPO is getting faster and faster, through the joint efforts of Goldman Sachs and other investment banks and Ma Xudong, Tianming Group officially announced the amount and use of the IPO on August 10, 2004.

In this IPO, Tianming Group hopes to raise 20 billion US dollars for the next development of the group in the four modernizations of automobiles, and further expand the market in traditional automobiles.

After the news was announced, it immediately caused a huge shock in the capital market, if this IPO is successful, Tianming Group will become the largest IPO in the history of the United States, before that, the largest IPO case in the United States, is Deutsche Telekom in 1996 set a record of 13 billion US dollars!

The $20 billion IPO is currently the largest IPO in the world!

Even before Zhou Jingming's rebirth, Tianming Group's IPO was the second largest IPO in U.S. history, second only to Alibaba's $24 billion, and more than the $15.8 billion re-IPO in 2010 after General Motors' bankruptcy and reorganization.

IPO of 20 billion US dollars, the valuation reached 300 billion US dollars, until this time, everyone realized that Tianming Group is a huge existence, counting the business currently involved in Tianming Group, from vehicle production, to powertrain, to automotive electronics, as well as auto finance, new energy vehicles, each field, all of which are the world's top three levels, considering these, the valuation of 300 billion US dollars, is already very conservative.

The review of the United States was quickly passed, and Tianming Group was officially qualified to be listed on the New York Stock Exchange, and then, under the leadership of Goldman Sachs, Tianming Group began a roadshow and promotion, but in fact, these steps can be completely omitted, because everyone knows that these original shares of Tianming Group, the future appreciation space is unimaginable!

Whether it is an institution or an individual, as long as you can buy these original shares, you will earn it!

***

New York Stock Exchange, United States, 9 December 2004.

After preliminary efforts, the listing of Tianming Group has finally come to the last step, with the stock code "TM", issuing a total of 400 million shares at a price of $50 per share, in addition, the underwriting group led by Goldman Sachs also has 50 million shares of over-allotment rights.

The IPO accounts for a total of 20% of the shares of Tianming Group, of which Zhou Jingming is still the largest shareholder in terms of personal shareholding, with a shareholding ratio of more than 25%, and the rest like Zhao Ke and others also hold about 5% of the proportion, and another 15% of the proportion exists in the form of employee shareholding.

In front of the big bell at this time, Zhou Jingming and others were already ready, and they only needed to ring it gently, and Tianming Group completed all the matters of the IPO.

In terms of the selection of bell ringers, Zhou Jingming chose Zhao Ke, He Yingxun and Xu Guanglu, the former director of SAIC Car Factory, plus himself, a total of four people, these people have followed Zhou Jingming from the very beginning to "fight the world", and Xu Guanglu is an important nobleman in Zhou Jingming's career.

With Zhou Jingming and other four people ringing the bell, Tianming Group was officially listed on the New York Stock Exchange!

From entering the vehicle market in 1987 to now, Tianming Group has just gone through 17 years of history, but it is in these 17 years that Zhou Jingming has completed the feat of GM, Toyota and other companies in the past 100 years!

As soon as Tianming Group's stock began trading, the stock price soared, rising to $100 per share an hour later, and it continues to rise.

On the first day of listing, the stock price of Tianming Group closed at $208, and its total market value directly exceeded $400 billion, which is more than the highest value of its valuation! This makes Tianming Group the fifth largest enterprise in the world in terms of market capitalization, second only to Microsoft and other American high-tech enterprises.

"The birth of a new king in the automotive field: Tianming Group has become the largest automobile manufacturer in history by market value!"

"The IPO myth of Tianming Group!"

"The world's richest man is translocated: Zhou Jingming's personal assets exceed 100 billion US dollars!"

…………

Tianming Group's performance in the capital market successfully shocked all the people in the industry, and Zhou Jingming also surpassed Bill Gates and became the new richest man in the world by virtue of this listing, which is also the first time that Chinese people have reached this position!

On May 23, 1982, Zhou Jingming was reborn in this world, and on December 10, 2004, Tianming Group was officially listed, and Zhou Jingming also became the richest man in the world, all of which is just 22 years.

But Zhou Jingming's goal is not this illusory "world's richest man", because next, there are still many things he needs to complete, before he leaves Tianming Group, in the four modernizations of automobiles, at least electrification and sharing must be completed, as for intelligence and interconnection, it needs to be left to future generations to continue to complete.

Zhou Jingming is confident that Tianming Group will become better. (End of book)

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