readx; "Record-set: Stone Group's Wuxing Technology, with the power of ROC series products, went to the New York Stock Exchange, planning to raise $5 billion, the largest amount of financing among technology companies"

This is the headline of the global media after the Stone Group submitted its IPO application, yes, this is not the news body, but the standard headline. Pen × fun × Pavilion www. ｂｉｑｕｇｅ。 infoFrom this headline alone, you can see how the plan to go public of Wuxing Technology has had an impact on the world, and even the news headline seems to have hit the world's highest.

Due to the recent hot sale of ROC hunting products, as well as the financing of 10 billion US dollars before submitting the IPO application, the market valuation of Wuxing Technology on Wall Street in New York has risen to between 450 and 60 billion US dollars, which is much higher than Shi Lei's previous valuation of his company, before Shi Lei believed that the valuation of Wuxing Technology was about 25 billion US dollars. Even with the 10 billion invested by Shen Yi and the increase in market valuation caused by the market climbing during this period, Shi Lei did not expect that Wall Street's investment banks would be able to value Wuxing Technology at a maximum of $60 billion.

However, even according to the valuation of 60 billion US dollars, Wuxing Technology's plan to raise 5 billion yuan is still ridiculously high, with a ratio of 1 to 12, which is also the world's largest technology company. In 2004, when Google went public, it raised $1.9 billion at a market valuation of $25 billion, the largest in the world in terms of the amount of financing and the ratio between market valuation and financing amount in recent years.

According to the prospectus, the financing proceeds will supplement the company's working capital as well as general corporate purposes, but it does not indicate the specific purpose. Goldman Sachs and Bank of America Merrill Lynch will jointly act as lead underwriters for the listing of Five Elements Technology, while Morgan Stanley, Barclays Capital and JPMorgan Chase will also underwrite.

According to the document, Wuxing Technology's revenue in the past three years (04, 05, 06) was 5.33 billion, 9.27 billion and 16.36 billion US dollars, respectively, and the profit was 1.13 billion, 1.95 billion and 3.52 billion US dollars, if according to the market valuation of 45 billion US dollars, the price-to-sales ratio is less than 3 times, and if you exclude the appreciation impact of the recent hot sales and Shen Yi's investment of 10 billion US dollars, the price-to-sales ratio is basically only about 1.3, for a high-tech enterprise that is still growing rapidly, although this price-to-sales ratio is not particularly ideal, but it is quite good.

According to industry forecasts, the total revenue of Wuxing Technology, a subsidiary of Stone Group, will reach 300 to 40 billion US dollars this year, that is, in 2007, and even according to conservative estimates, the total revenue of the entire group will exceed 50 billion US dollars.

In this listing recruitment, Wuxing Technology issued a total of 110 million Class A ordinary shares and 1.3 billion Class B ordinary shares, equivalent to 168 million ADS, with an issue price of $30.3 and a total financing amount of $5 billion. Shi Lei's personal shareholding reached 32.8%, the company's executives and the board of directors a total of 11 people, a total of 77% of the shares, the main venture capital or the only venture capital shareholder, that is, Shen Yi, held 10% of the shares, and the rest were the outstanding shares issued this time.

For three consecutive days, almost all the media technology sections were discussing the listing of Wuxing Technology, and the analysis of various experts was everywhere between the lines, as well as the brief history of Stone Group over the years, especially the brief history of Wuxing Technology over the years. Unlike other companies going public, usually the media will have some different opinions on the listing of a high-tech company, such as doubting the company's ability to continue to make profits, such as doubting whether the company's stock price can adapt to the market, and even questioning the fundraising. However, for Wuxing Technology, those questioning voices seem to have disappeared collectively in an instant, although it is not a voice of praise for a hundred flowers, and even if the financing amount of Wuxing Technology is the largest in history, no one doubts that Wuxing Technology has the strength to raise 5 billion US dollars, and no one doubts that Wuxing Technology's stock will ignore the ups and downs of the entire market after listing, and maintain an extremely strong upward curve.

Many investment banking experts on Wall Street, who are known for their harshness, also seem to have accepted a large amount of bribes from the Stone Group at this moment, and those difficult voices in the past are now gone.

In mid-May, Stone Group's Five Elements Technology began their global listing roadshow, Shi Lei also began to frequently accept interviews with global economic and technology magazines, almost all media have taken an extremely cooperative attitude towards the roadshow of Five Elements Technology, frequently reprinted the content of the roadshow, and all kinds of interviews with Shi Lei and Stone Group executives are extremely rendered, especially in almost all the interview pictures, almost all of the ROC series products of Five Elements Technology can be seen, the most significant is ROCPAD, This is tantamount to helping Rocpad do advertising that doesn't require any investment.

Driven by roadshows and interviews with various media, by mid-June, the ROCPAD was officially released for only two and a half months, and the total sales had reached 12 million, and the industry exclaimed that the previous forecast seemed to be about to surprise the world again, and the total annual sales of the ROCPAD are likely to be far more than the new forecast of 23 million units that just appeared not long ago, and it is likely to march towards the goal of 30 million units.

At the end of June, the New York Stock Exchange approved the listing application of Wuxing Technology, which will be officially listed on the New York Stock Exchange on July 2, 2007, and the New York Stock Exchange invited Shi Lei to ring the bell of the New York Stock Exchange that day.

From submitting the IPO application to the official listing, Wuxing Technology took less than two months. Although this time is not the fastest in the history of the New York Stock Exchange, it is still quite high. If global investors know that it took only half a month from the preparation of the stone group to the submission of the IPO application, I am afraid that Wuxing Technology will set a world record for the shortest preparation time for the listing of a company.

On July 2, 2007, Shi Lei appeared at the gate of the New York Stock Exchange dressed in sports clothes and rang the bell that represented the opening of the market for a week. As the bell rang, all the trading screens on the New York Stock Exchange began to refresh the stock price information of all stocks, and the first one in a larger font was obviously Wuxing Technology, which was listed on the first day of the day today with the ticker symbol RC.

Wuxing Technology's shares have just begun to be issued into the market for circulation, the stock price immediately jumped from the established issue price of 30.2 US dollars, quickly jumped to 32 US dollars, and then went all the way up, to the time of temporary closure at noon, the stock price has come to 36.8 US dollars, the appreciation has exceeded 20%, it seems that after the reopening of the market in the afternoon, the stock price of Wuxing Technology will continue to climb, and it should not be much suspense to rise more than 50% throughout the day today.

And when Shi Lei rang the bell of the New York Stock Exchange, his sportswear dress has also become a hot topic of discussion in all the media, this is the first person in history to wear sportswear into the New York Stock Exchange bell ringing, Shi Lei is obviously using his all-encompassing small means to attract the attention of people around the world who care about the listing of Wuxing Technology, and this also represents the consistent innovative spirit of the Stone Group, always doing pioneering things, just like all the products of the ROCPAD series. And the debate about who is the world's number one tablet, which has been slightly controversial on the Internet, seems to have finally reached a conclusion at this time.

Some people think that even Steve Jobs, for many years, all media meetings have been dressed in a black polo shirt and jeans, but when the bell is ringed on the market, he still attends in formal attire, but Shi Lei dares to ring the bell in sportswear, which fully shows who is more innovative. So, even if Apple's iPad is the world's first tablet, it will not lose the innovative content of Rocpad.

Even Apple fans can't blame it, so they have to shut down, and the Stone Group has obviously become the only winner.

In fact, except for the stone group because of the foundry incident caused no goods to sell, Apple's iPad sales increased slightly, the rest of the day, the global sales are difficult to exceed 3,000 units per day, Jobs's hope of using the iPad to compete with the stone group for the market is almost all disappointed, except for the first few days and the stone group accident days, the rest of the sales are in line with the initial company's expectations, Even after the Stone Group led up the global consumption power and consumer market for tablets, Apple failed to further increase its sales. Although at the end of the year, the report will definitely show a higher sales volume than originally expected, but it is all due to the preemptive release and the small accident of the Stone Group.

Jobs calculated very carefully, by the end of the year, Apple's main revenue this year will eventually fall on their various computer products, and digital products only maintain normal growth, and it seems to be an impossible task to seize more markets from Shi Lei.

After the New York Stock Exchange reopened in the afternoon, although everyone expected the share price of Wuxing Technology to rise further, what they did not expect was that the overall stock price of the New York Stock Exchange remained stable, and the stock price of Wuxing Technology quickly climbed from 36.8 to $42.7, and reached the price of 47.4 at about 3 o'clock in the afternoon. This bizarre increase immediately attracted the attention of all investors, and even people who don't understand stocks can see that the stock price of Wuxing Technology is abnormal.

Of course, Shi Lei also found out, he immediately arranged for someone to investigate what kind of abnormal movement occurred in the market, this is by no means a normal situation, if the rise is balanced, even if the stock price of Wuxing Technology breaks 100 today, Shi Lei will only be amazed at most two sentences and will not be so surprised, but now, Shi Lei knows that this must be someone making trouble.

Goldman Sachs and Bank of America Merrill Lynch quickly provided a response to Shi Lei, and all delivery documents showed that almost all of the reasons for such a rapid rise in stock prices came from a company registered in the Cayman Islands. This is obviously an offshore company, when Shi Lei received the news, although it was difficult to find out who the initiator was for the time being, but Shi Lei was almost certain that this was someone from China, and he had not forgotten what happened more than two months ago, Shi Lei even suspected that the person who made such a move was the same person as that guy.

During this time, that person seemed to die down after failing to succeed, but Shi Lei knew that this person couldn't just stop like this, he was just waiting for a better time.

Goldman Sachs, Bank of America Merrill Lynch and other underwriters are the best investment institutions in the United States and even in the world, Shi Lei is not worried about their problems, in the face of such a situation, presumably they will naturally have a way to deal with it, Shi Lei does not think that he can provide them with any better advice.

Sure enough, after Goldman Sachs and Bank of America Merrill Lynch began to make moves, the stock price of Wuxing Technology had a brief pullback, and then consolidated around $45, and for more than 40 minutes, the rise and fall did not exceed $0.3.

By the time the market closed at 4 p.m., Goldman Sachs and Bank of America Merrill Lynch had apparently let it go again, which directly led to the stock price of Wuxing Technology to climb sharply again, quickly breaking through $50, and finally completing its first day on the New York Stock Exchange at $51.2.

"Five Elements Technology Rose by More Than 70% in the First Listing of the Company, Suspected of Being Sniped by Companies in the Same Industry"

This is the most eye-catching report on economic and high-tech news in the world's newspapers on July 3, and the US Securities and Exchange Commission also announced that it will launch an investigation, because the bizarre rise in the stock price of Wuxing Technology is suspected to be the result of the self-indulgence of the Stone Group.

Such an investigation will naturally not lead to any results, Shi Lei has a clear conscience, and he believes that the opponent is not particularly proficient in the stock market, at least in terms of overall trading, after Goldman Sachs and Bank of America Merrill Lynch made a move, it was obviously led by the nose of these two companies.

Under such a premise, Shi Lei is not worried about what that person can do to frame himself for a perfect setup, at best, he wants to use hoarding to raise the stock price, and then suddenly sell the goods, causing Wuxing Technology to ride a roller coaster in the market, thus making other investors lose confidence in the shares of Wuxing Technology. And about this, Shi Lei is not worried, even if the stock price in the first few days is on a roller coaster, under the premise of the high growth of revenue and profits of Wuxing Technology as a whole, the company's performance is there, even if it is temporarily affected, by the end of the year when the stock price is ready to issue rocpad2, the stock price will tend to normalize. There will be such confidence, and the most important thing is that Shi Lei is very confident in the scale of the other party's funds, he does not believe that the other party's capital scale is enough to control the stock price of Wuxing Technology, and even if it is an offshore company, the US Securities and Exchange Commission is not a vegetarian, and that person will just withdraw if he is addicted, if he continues to do this for a long time, the US Securities and Exchange Commission will find out this person sooner or later, and he will suffer a big loss at that time.

Because the stock price was raised to an unreasonable position, so from the next day, the stock turnover of Wuxing Technology was obviously not as expected, Shi Lei was not in a hurry, according to the report of Goldman Sachs and Bank of America Merrill Lynch, that person had at least hoarded more than 10 million shares of ADS, although this is only about one-tenth of the entire circulating ADS shares, but this is equivalent to owning more than 1% of the shares of Wuxing Technology, such a large shareholding, using more than four or five billion US dollars, If you still can't let the trading volume and turnover rate of Five Elements Technology shrink, then the other party is a fool who doesn't understand how stocks work.

It is impossible for the other party to hold it like this forever, and the shares in his hands are basically Class B ordinary shares, and he only has the right to distribute profits, but does not have the voting rights of the company, and it is not beneficial for him to stay in his hands. Sooner or later, he was going to sell these stocks, surely in the hope of causing panic in the market and investors' distrust of the Stone Group. Therefore, according to the results discussed with Jin Yuehong before, Shi Lei's decision is still to wait patiently and wait and see what happens.

Goldman Sachs and Bank of America Merrill Lynch have to suppress the stock price of Wuxing Technology to a certain extent, hoping to be slightly lower, so that the offshore company registered in the Cayman Islands can not be sold at a high level, even if it will cause the oscillation of the stock price of Wuxing Technology and the lack of market confidence, it must be hit the other party, otherwise, this game will be endless.

Shi Lei now has sufficient cash flow in his hands, after obtaining the 10 billion US dollars injected by Shen Yi, more than 5 billion of which were directly used to repay the loan, and the remaining more than 4 billion yuan was put into production, at least more than 1.5 billion US dollars of liquidity in his hands. In Shi Lei's view, even if he fights with the other party shirtless and with his bare hands, it is a big deal to see the bayonet and lose hundreds of millions of dollars, and he must make the other party never dare to use the brains of the stone group from now on.

It's just that the other party seems to have died down again, and there has been no movement for half a month, and the more than 1% of the shares of Wuxing Technology have been silently staying in the name of that company, and even in the past half a month, there has not been even a transaction, and at this time, the stock price of Wuxing Technology has remained at about 50 US dollars, although it is almost the same as the stock price at the close of the market on the first day, but for a company that has been listed for half a month and is operating well, This share price is quite in line with the company's actual situation.

"Is this guy trying to get on our board? The 1% of the stock is still dominated by Class B common stock, does he think this will make any difference? Shi Lei shook his head and smiled bitterly, he became more and more confused about what this opponent wanted

(To be continued)