Chapter 110: Footsteps of a New Era
Back on the exchange floor. Pen & Fun & Pavilion www.biquge.info
Lin Feng took Ye Weiyu's hand and looked up with everyone at the Menglong stock trading interface with the code "LONG" displayed on the counter screen.
The inquiry range displayed on the screen is $18~20, then it quickly jumps to $21~$23, and then becomes $22~$24.......
With each change, everyone cheered and applauded to celebrate the increase in the inquiry, which will indicate that Menglong will open at a higher price than the issue price!
Lin Feng couldn't help but be a little surprised.
In the impression of the previous life, the first SP company to land on the NASDAQ seemed to be at an issue price of $14 and opened at $19.01, which was not such a big increase?
I immediately remembered that in my previous life, Ctrip, which was also the first to break the ice and land on NASDAQ in three years, had an issue price of $18 and an opening price of $24.01, and as of the close, its stock price had risen by $15.94, or 88.56%, from the issue price, and $9.93, or 41.36%, had risen from the opening price to $33.94.
Soaring on the first day!
Perhaps, this is the butterfly effect brought about by Menglong becoming the first Chinese company to break the ice and go public before Ctrip!
It seems that Menglong, just like Ctrip back then, has attracted strong attention from the U.S. capital market to the "long-lost China story", which is a special emotion!
waited until about half past 10 o'clock, and after nearly an hour of inquiry, Menglong finally opened and the first transaction occurred!
The opening price is $25.6!
The trading floor once again burst into applause, which was a very good start!
A group of people, including Nasdaq executives and underwriter executives, came over to shake hands with Lin Feng and congratulate him.
According to this stock price, 1.7% of Menglong shares held by Boyu will be worth 43.5 million US dollars, equivalent to 350 million yuan, which is 7 times more than 50 million when he bought shares two months ago!
He walked over and shook hands with Lin Feng as well, leaned into Lin Feng's ear and said with a smile: "Dude, it's really bull B! By the way, at the noon celebration, I helped you invite Liu Biwei, the Chinese Consul General in New York, who is a junior of the old man's subordinates, to support you, how about it?"
Lin Feng also had to admire this guy's way, and also gave him a thumbs up: "Okay, it's interesting enough!"
Lin Feng's schedule today was very tight, and he didn't have time to chat with Zhao Jun more, and after saying a few words, someone from a public relations company came to urge, according to the schedule, and the next time was to be interviewed by the media.
At this stage, the public relations company helped Lin Feng and Li Dong arrange a series of exclusive interviews with mainstream financial media in the United States, including Bloomberg, Dow Jones, Reuters, Financial Times and other mainstream financial media. Interviews with CNN, CBS, Phoenix TV, CCTV Finance and other TV media are scheduled after the listing celebration at noon.
Lin Feng, Ye Weiyu and Li Dong came to the background wall of the NASDAQ screen for an interview.
The first question shows the impact of Lin Feng's astonishing actions today.
At first, the reporters of these media in the United States did not ask questions related to Menglong's business, but about Ye Weiyu: "Mr. Lin, is this beautiful lady next to you your wife? We saw your romantic kiss at the moment when the bell rang, which subverted my consistent impression of Chinese entrepreneurs, and gave us an introduction?"
Lin Feng listened to Ye Wei's slightly shy whispered translation.
Nodding and smiling: "Of course, Vivian, my girlfriend, of course, I hope she will be my wife in the future!"
Ye Wei paused, didn't know whether to continue flipping, and couldn't help but glance at him.
Lin Feng can still speak a few words in simple English, and he said it again in English at the moment, causing the reporters to laugh good-naturedly.
Lin Feng continued: "At the same time, Vivian is also one of the founders of Menglong Company and the fourth largest individual shareholder of the company. For the scene of the bell ringing...... I think it's no surprise that any young person would want to share the joy with their loved ones at such moments. ”
"When it comes to Chinese entrepreneurs, as you can see today, Menglong is a very young and growing start-up company, and now in China, there are many young, passionate and energetic companies like Menglong, which are rising rapidly in this rapidly developing global information age! Believe me, Chinese entrepreneurs are no longer what you have in your traditional impression, and there will be more young faces like me here in the future!"
Ye Wei obediently translated this passage for him.
Bloomberg's reporter nodded with emotion, and then asked the question: "Tell us about Menglong Company, by the way, first of all, congratulations, there is a very ideal opening today." ”
"Thank you, Menglong company is with the development of China's mobile communication industry, grown up together, China's largest wireless value-added service provider ......" Lin Feng has been on the roadshow for half a month, and the introduction of Menglong is already extremely skillful, and he can talk about it almost without thinking.
Ye Wei is a fluent translator, and Li Dong is next to him from time to time at the right time.
The interview was successfully completed and left a deep impression on these mainstream media reporters.
In a Reuters op-ed later in the day, Lin Feng was highly praised, calling him a charismatic gentleman with clear goals and strong control, and a leader in an emerging business field.
At noon, Menglong held a small listing celebration at the Sheraton Hotel.
Zhao Jun really invited Liu Biwei, the consul general of the People's Republic of China in New York, to attend the celebration and made a brief and enthusiastic speech at the celebration, congratulating Menglong as an emerging high-tech company in China for breaking the deadlock and going public in the United States and succeeding.
Later, Lin Feng and Li Dong were interviewed by CNN, CBS, Phoenix Satellite TV, and CCTV Finance together.
In the TV interview, Lin Feng did not let Ye Weiyu participate, after all, she is not suitable for too much exposure.
Because of time constraints, they focused on interviews with CNN and CBS, and simply communicated with Phoenix and CCTV, and agreed to accept exclusive interviews with these two media when they returned to Hong Kong and China.
In the afternoon, everyone continued to return to the NASDAQ exchange, waiting for the market to close, and also waiting for the final closing price of Menglong.
At 4 p.m., the closing bell rang and the price on the screen finally stopped at $28.54!
The crowd cheered and applauded and hugged each other excitedly!
This is truly a fantastic price that everyone expected!
This is an increase of $12.54, or 78.37%, from the initial issue price of $16!
According to the closing price, the market value of Menglong has reached $2.854 billion.
At this point, the first day of listing of Menglong Company can be said to have come to an end with the most perfect attitude!
Next, there is the real celebration dinner in the evening, which will be a celebration party for the entire listing team, investment shareholders and company insiders!
…………
When Lin Feng and others celebrated in the United States, the country was already boiling.
When the market closed at 4 o'clock Eastern time, it was the early morning in China, but Sina, Sohu, NetEase and other portals all launched special pages for Menglong's listing overnight. For the first time, the details of Menglong's listing were reported through pictures and texts.
The headline "Menglong Technology is listed on the NASDAQ in the United States" appeared in the headlines of the financial sector of major media.
"Menglong closed at $28.54 on the first day of trading, up 78.37 from the issue price!"
"Nasdaq recreates billionaires!"
"Menglong's market value is $2.854 billion, and Lin Feng's worth is $739 million!"
The many eye-catching headlines show the media's excitement about this kind of wealth-creating news.
They were keen to calculate the value of the people of Menglong Company, especially Lin Feng.
With the listing of Menglong, the relevant information in the prospectus has been disclosed, whether it is the SP industry, the Internet industry, the media, and even some ordinary people who are interested in finance and economics, they are carefully studying the prospectus of Menglong.
Menglong issued a total of 23 million ADRs this time, of which 15 million new shares were newly issued (accounting for 15% of the company's total share capital after the additional issuance), and the company's original shareholders sold 8 million shares (the original was 5 million shares, and the underwriters oversubscribed 3 million shares). Among them, Lin Feng sold 3 million shares, Li Dong and Wang Hao each sold 2 million shares, and Ye Weiyu sold 1 million shares. According to the issue price, the funds cashed out by the four during the listing period were US$128 million, accounting for 34.78% of the total fundraising amount of US$368 million.
Institutional shareholders did not sell their shares this time.
After the IPO, Menglong's shareholding structure also surfaced:
Lin Feng still holds 25.9% of Menglong's shares, 77 million ADS (Class B shares), and therefore has 77.75% of the voting rights, firmly controlling the company.
Wang Hao 15.34%, 4,602 ADS (Class A ordinary shares), Li Dong 7.75%, 23.25 million ADS (Class A ordinary shares), Ye Weiyu 2.25%, 6.75 million ADS (Class A ordinary shares). The management team and major individual shareholders hold a total of 51.24% of the shares.
Institutional shareholders: Baring Private Equity Asia (7.225%), Sequoia Capital (5.95%), Tiger Global Fund (5.1%), Boyu Investment (1.7%), and Menglong Employee Partnership (5.78%). Among them, the equity held by Menglong Employee Partnership Company is an employee option holding company.
It's not that I don't know, but I'm really scared!
Lin Feng, the major shareholder of Menglong, chairman and CEO, not only cashed out 48 million US dollars, or 400 million yuan in cash, through listing. The value of his shares has also reached 739 million US dollars, and his worth is as high as 6.5 billion yuan!
Wang Hao is worth nearly $470 million (3.854 billion yuan), Li Dong is worth $250 million (2.05 billion yuan), and even Ye Weiyu is worth $80 million (650 million yuan), as well as other undisclosed senior management teams that enjoy options in their holding companies.
Menglong created 4 billionaires as soon as it went public!
The most maddening thing is that Lin Feng is 24 years old.
Yes, only 24 years old!!
Although just 5 days ago, in the 2003 Hurun Report, 32-year-old Ding Sanshi soared to the sky, with a net worth of 7.5 billion yuan, jumped to the throne of China's richest man, which caused a heated discussion in China.
But after all, Ding Sanshi is a veteran player who has been famous for many years!
If Lin Feng's net worth is based on this moment, he will directly suppress Lu Guanqiu of Wanxiang Group and rank fourth!
This is the first time that China has seen such a young, self-made billionaire who has started a business in a new industry and listed in the capital market.
At this moment, people seem to feel that the pace of the new era is .......