The three-day "2006 Tianchao Internet Conference" came to a successful conclusion on September 23 at the Imperial Capital International Conference Center. Nearly 20 online media, including YY Live and Tudou, broadcast live, more than 100 media reported in depth, and nearly 10,000 people participated in the meeting.

On the basis of the new development trend and market hotspots in the Internet field, the "2006 Tianchao Internet Conference" has been greatly improved and expanded compared with the previous ones in terms of scale and level.

It can be described as a feast of the Internet!

For Korn Ferry, this feast has just begun!

On September 25, 2006, Meituan was officially listed on NASDAQ!

……

Meituan.com.

"What time is it, is it time to ring the bell?"

"Come on, it's eight o'clock in the evening, and it's morning in the United States."

"I don't think there are many people leaving after work today."

"Who is in the mood to leave? When I go back, I am also concerned about the company's listing, so it is better to stay in the company."

"That's right".

……

Jiang Ping's dormitory.

"Jiang Ping, the company you interned at during the summer vacation is about to go public."

"I know, it's supposed to be about to open, right?"

"In ten minutes, the issue price of Meituan is $25.2, and the market value is $5.1 billion, I don't know how it will rise today."

"Every time I see the hot situation in the stock market, I feel that I should become a trader after graduation."

"Lili, how do I remember that last semester you said that you wanted to go to investment banking after graduation."

"People change."

……

A stock investment fund company.

"As soon as Meituan opened, everyone went all out to buy and buy."

"Head, Meituan's profitability is not high, and the current issue price is not low, in case it breaks, do we still want to buy?".

The breakage of new shares means that the shares fall below the issue price on the day of issuance and listing, and the shareholders who are successful in the primary market will also lose money. In the stock market, a break occurs when the stock price falls below the issue price.

"How can it be broken, since the listing of the mother last year, the NASDAQ has been active, and Chinese concept stocks are frequently welcomed by investors. For a new type of Internet company like Meituan, which has a business all over the world, you need to worry about how many shares you can grab, not whether it will break."

"Understood, I'll go to sweep the goods as soon as the market opens."

……

Nasdaq.

“9，8，7……”。

"Open"!

……

"Green is green".

In the Celestial Empire, when the stock market is green, it means that it has fallen, but in the United States, it is the opposite.

The people of the Celestial Empire believed that red was festive, while many Europeans and Americans believed that red represented violence and taboos. Most of the islanders believe in Shinto and Buddhism, and they are the most taboo about green, believing that green is an ominous color. In addition, in the United States, because the color on the back of the dollar bill is green, green represents money and wealth. Therefore, in the North American stock market, green means that the stock price has risen, and in some East Asian countries, the opposite is true.

"The opening price is $27.8, up ten points."

"A lot of pays".

"It's gone up again, and the increase has been pulled up to 13.4%."

The stock market of the Celestial Empire implements a limit on the rise and fall, whether it is up or down, it does not exceed 10%.

The price limit refers to the fluctuation range of the stock exchange on the basis of the closing price of the previous trading day in order to curb excessive speculation and prevent excessive price fluctuations in the market. The maximum limit at which the stock price rises to this limit is the upper limit, and the lowest price at which the stock price falls below the limit is the lower limit. The price limit is a measure to stabilize the market. At a time when the shareholders of the Celestial Empire are blindly following the trend, Jiang Hui feels that this system is still quite good.

In fact, not only the Celestial Empire has measures to stabilize the market, but also overseas financial markets. For example, circuit breaker measures and suspension of trading, speed limit trading, special quotation system, restrictions on declared prices and transaction prices, adjustment by experts or market intermediaries, adjustment of trading margin ratios and other measures.

In the final analysis, these measures are all for the healthy and stable development of the market.

……

Meituan office of Polytechnic Building.

"It's broken through $30, and there are still many buy orders that have not been filled."

"Yay~Opening Day~".

"I can finally get off work with peace of mind, Xiao Geng, let's go, let's have two drinks together."

"Let's go for a drink, I'll treat you."

"Come back to the leader for reimbursement~"

……

The next morning, Jiang Hui just came to the office.

"Mr. Jiang, the closing price of Meituan's online listing on the first day was $33.26, an increase of 32%, and the current market value is $6.6 billion. The IPO raised $1.05 billion," Liao said.

"Did Lao Zhou pass it on?"

"Well, Mr. Zhou has already sent an email and called me, asking me to report to you."

"This performance is not bad, you tell Lao Zhou, I will give them half a celebration banquet after returning to China."

……

Penguin News: Meituan was successfully listed on the NASDAQ yesterday, and its current market value exceeded 50 billion yuan, making it the third largest Internet company in the Celestial Empire in one fell swoop......

Sohu News: The market value of Meituan exceeded 50 billion yuan, and employees spontaneously stayed overtime to watch the listing performance. According to people familiar with the matter, Meituan's listing has produced at least a dozen multimillionaires and dozens of millionaires for the Korn Ferry Group. Following Du Niang's listing, the Internet company has once again let the world see its ability to wholesale the rich......

Tang Minghua, Lu Yang, Dai Fuqian, Li Shigui, Bai Xue, Zhu Zhengfeng, Lin Zhen, Yang Yan and others all had shares in the intranet in the early days, and Meituan, which was born out of the group purchase module of the intranet, had the same shareholding structure as the intranet in the early days of its establishment.

Later, after Jiang Hui's multiple capital injections, several rounds of financing by Meituan itself, and the restructuring of several branches of Meituan before listing, Tang Minghua and others held less than 0.2% of Meituan's shares. However, even this less than 0.2% of the shares is worth tens of millions, close to 100 million.

Meituan's official Weibo account, as well as the official Weibo accounts of other Korn Ferry brothers, posted messages celebrating Meituan's successful listing.

And Meituan.com even took out 100 million yuan to carry out the promotional activities of "celebrating the listing, 50% off the whole site".

50% off the whole site, in fact, it is not that Meituan really wants to pay 50% of the cost to consumers. This is because, on the one hand, there are discounts for each product itself, but the discount is not so large. On the other hand, in order to make the event last longer, Meituan also negotiated with various merchants to give additional discounts during this time.

If you calculate it, if you get a 50% discount on the whole site, Meituan only needs to post one or two percent of the funds. 100 million can support a turnover of 5 to 1 billion.

Meituan's engagement with such an event can be regarded as sharing joy and benefits with consumers.

The ancients said: The world is bustling, all for profit, and the world is bustling, all for profit. Profit is something that everyone desires, and Meituan's users are no exception.

(End of chapter)