I have a debt of 3 trillion, and my creditors are begging me not to die.
Chapter 320: Haihai Sports' IPO Ignites the A-Share Market with its Sky-High Market Value
The most-watched and highest-rated World Cup final in history is here! China vs. France, a clash between East and West, a battle between yellow and white/black mixed teams – this match is generating tremendous buzz.
In terms of sponsors, dozens of companies from China, including Sihai Sports, Wanda Group, Hisense Group, and Gree Group, sponsored the competition.
Foreign companies such as Adidas, Nike, Apple, and Tesla, all of which are world-class industry giants, have also spent heavily on advertising space at the finals venue and during the live broadcast.
The sponsorship fees, broadcasting fees, ticket sales, and merchandise revenue from this single final match exceeded the total revenue of any previous World Cup.
This explains why FIFA went to great lengths to get the Chinese national team into the World Cup; it was a very lucrative business.
Sihai Sports broadcast the match live on Douyin and TikTok, with Yang Chen providing commentary.
Yang Chen is not a professional commentator and does not know much about football, so Sihai Sports invited football commentator He Wei to accompany Yang Chen in the commentary.
He Wei asked with a smile, "Chairman Yang, you're just one step away from fulfilling your promise. How do you feel right now?"
Yang Chen replied with a smile, "Actually, I don't have any special feelings. From the moment I asked Sihai Team to be the national team, I was certain that Sihai Team would be able to represent the national team and win the World Cup. If we don't win the championship in the end, then my mood might be a little flustered. If we win the championship smoothly, then it's just something I expected, and I won't have too many feelings about it."
He Wei continued, "Chairman Yang is truly exuding charisma. Has Chairman Yang prepared any gifts for our viewers watching the game in our live stream today?"
Yang Chen nodded and said, "Since everyone is so happy today, of course I have to prepare gifts. For every goal scored by the Sihai team, I will draw 10 Star Car Libra cars in each of the Douyin and TikTok live streams. If the Sihai team wins the championship, I will draw another 100 Libra cars in each of the two live streams."
He Wei exclaimed in surprise, "This is outrageous! Chairman Yang is really too sincere. I don't even want to do the commentary anymore. I want to be an ordinary viewer and participate in the lottery. With Chairman Yang giving away so many cars, the chances of winning are very high."
"Haha...you can participate too," Yang Chen said with a smile.
At this moment, the chat in the TikTok live stream is filled with comments.
"Oh my god! Is he telling the truth or not? Sending so many cars?"
"I originally supported France to win the championship, but now I'm going to support the Chinese team to win, or even just have the Chinese team score a few more goals."
"Can we really play like this? If you keep doing this, it'll be hard for me not to support the Chinese team winning the championship."
"As you all know, I've been a fan of the Chinese national team since I was a child, and I still am now, and I will be in the future. So, I support the Chinese national team scoring 100 goals."
"From now on, I am a fan of the Chinese national team. They must score more goals and ultimately win the championship."
"France winning the championship won't benefit us at all, but if China wins, we'll have a chance to win a car. The choice is obvious, isn't it?"
……
The game has begun.
The Dragon Kingdom team has not lost a single game since the start of the group stage, and has not conceded a single goal, finishing each game with a clean sheet.
This final was no exception. The Dragon Team practically brought the scenes from Stephen Chow's "Shaolin Soccer" movie into the real game. Except for the water-skimming skill, which they couldn't perform, they did almost everything else.
While watching the game with his friends, Stephen Chow laughed excitedly. Pointing at the TV screen, he said, "Many people say my filming is too exaggerated. Now I ask, who still says my filming is too exaggerated? The 'lightness skill' of walking on water just means he couldn't fly into the air. Mr. Yang's team is as invincible as he is."
His friends laughed heartily and nodded in agreement with Stephen Chow's words.
At this moment, the chat in the Douyin live stream room of Sihai Sports was filled with comments.
"My goodness, if this weren't called the World Cup Final, I would have thought it was a movie."
"Did they train according to 'Shaolin Soccer,' or did 'Shaolin Soccer' film their training? This is too exaggerated. We didn't see them playing like this during the group stage and knockout stage."
"Is this because they've completely let loose after reaching the finals? Foreigners always thought that Chinese people all knew kung fu, but now there's really no way to explain it."
……
He Wei asked with surprise, "Chairman Yang, how does the Sihai team usually train? Do you train according to the plot of 'Shaolin Soccer'?"
Yang Chen said with a smile, "They always train like this. Because ordinary techniques have become second nature to them, they can only pursue some high-difficulty moves to increase the fun of training. This competition has a high level of attention, so I specifically instructed them to use these techniques to take this opportunity to show the world the true face of us Chinese and break their preconceived notions about us. Winning the championship is a sure thing, so I gave them even more tasks."
He Wei clapped his hands and said, "Chairman Yang truly deserves to be a national idol. It's very accurate that everyone has rated you as the most patriotic entrepreneur of our time."
The mighty French team was utterly humiliated by the Sihai team, conceding eight goals in the entire match. However, that wasn't the worst part. The worst part was that they didn't manage a single shot on target throughout the entire game. This was the first time such a situation had ever occurred in the history of football. Even the once-weak Chinese team couldn't have gone an entire match without a single shot on target.
He Wei roared excitedly, "The match is over! The match is over! The Chinese team has won! This Chinese team has made history, winning the World Cup with an absolute crushing victory without conceding a single goal. This is a small step for Chinese football, but a giant leap for world football."
Although Yang Chen was going to give away 260 Libra cars, costing more than 5200 million Dragon Coins, it was nothing compared to the World Cup trophy.
As soon as the match ended, FIFA couldn't wait to congratulate the Chinese team on their victory via Twitter and Weibo.
"Congratulations to the Chinese national men's football team for winning this World Cup with an absolutely dominant performance. They didn't concede a single goal from the group stage to the final. This incredible achievement is unprecedented and probably will never be repeated. I hope that football can be better promoted and developed in China, and I look forward to seeing you in the next World Cup."
FIFA had to post this update; firstly, it's part of their job, and secondly, they desperately need to curry favor with the Chinese market.
The subsequent Twitter well wishes from national teams and clubs from various countries truly demonstrated social etiquette.
France Men's Football Team: Congratulations to the Dragon Nation Team, congratulations to the Four Seas Team, and congratulations to Mr. Yang Chen. Let's also give a round of applause to our players. It was an honor to play against the strongest football team in human history; though we lost, we are still proud.
Bale Saint-Germain: Congratulations to the Dragon Kingdom team, congratulations to the Four Seas team, congratulations to Mr. Yang Chen! This team is so strong that it's despair-inducing. This championship is the most uncontroversial championship in history, without exception.
Real Madrid: Congratulations to the Dragon Country team, congratulations to the Four Seas team, congratulations to Mr. Yang Chen! This team has shown us that football can be played in so many different ways, and it confirms our foreign perception of the Chinese people – they really do know kung fu! Mr. Yang Chen, next time we play a friendly match, please let this champion team teach our players how to play football with kung fu. Thank you.
The Brazilian president also tweeted.
"I previously said that I often watch the Chinese national football team's matches, and many people laughed at me, saying that I was shameless and would say anything to curry favor with China and get trade orders and loans. I want to ask, who still doubts me now? I have always been a fan of the Chinese national team. I was a fan when they were not doing well, and I was a fan when they won the World Cup. Unlike some people who suddenly jump out and say they are fans of the Chinese national team, without any shame."
Huang Zhenhua was extremely excited. He immediately convened a meeting of the Jiangcheng Municipal Government and instructed all departments to do a good job in all aspects of the parade celebrating the Sihai team's championship victory.
The Sihai team's championship parade started at Haicheng Airport and went all the way to the Sihai Sports Headquarters, a total distance of 185 kilometers, all for the purpose of universal celebration.
Jiangcheng, Haicheng, and Hecheng have reached an agreement that once the Sihai team returns to China, the three city governments will immediately jointly announce the plan for a grassroots football tournament.
On the other hand, the China Securities Regulatory Commission (CSRC) was also jubilant. In order to capitalize on the hype surrounding the World Cup victory, its leaders personally contacted the review department to prioritize the review of Sihai Sports' listing application.
What used to take several months was approved in a single day, and Sihai Sports was subsequently added to the IPO list.
To highlight the importance of Sihai Sports, the China Securities Regulatory Commission (CSRC) specifically assigned Sihai Sports the stock code 400001.
On the other hand, major sporting goods brands also seized the opportunity and quickly launched a wave of discounts and promotions.
Anta: To celebrate the Chinese national football team's World Cup victory, Anta is offering a 5% discount on all products across all its stores nationwide, starting now. Let's celebrate the first football championship belonging to the Chinese nation together.
Xtep: Congratulations to the Chinese national football team on their championship victory! Xtep stores nationwide are offering discounts starting at 4.5% off and capped at 6%. Come on, let's celebrate the first championship for Chinese football! Domestic brands are offering discounts to celebrate the Chinese national team's victory, so foreign brands naturally can't lag behind.
Adidas, Nike, Puma, FILA, Mizuno...
Brands that ordinary people wouldn't normally buy are now all on sale at half price.
Not only sports brands, but even restaurants have launched celebratory promotions.
For example, Quanjude launched a half-price roast duck promotion, and the Michelin three-star restaurant Tang Court even offered a 1% discount on dishes, which Chinese national team fans could enjoy by answering a few questions.
Following suit, hotels, sports training schools such as football, and even airlines, banks, and hospitals all launched promotional activities. Among them, the hospital's free treatment for sports fractures was the most ridiculous.
Enthusiastic fans blocked the entrance to Sihai Sports Center and are now queuing up to wait for the Sihai team to return.
As the creator of this team, Yang Chen naturally received praise from people all over the country.
Ordinary netizens left comments praising Yang Chen in the comment section of his Weibo account, while CEOs of major companies and leaders at all levels personally called Yang Chen to express their congratulations.
The Sihai team's chartered plane landed safely at Haicheng International Airport, and the championship parade began from that moment.
On the ground, special police cleared the way and maintained order, while drones and helicopters followed and filmed from the air.
The 185-kilometer journey took a whole day to complete, and the Sihai team arrived at the Sihai Sports headquarters after 10 p.m.
However, this still couldn't dampen the enthusiasm of the fans who had been waiting for so long.
Yang Chen would naturally not treat these players unfairly. In addition to club rewards, national rewards, and sponsor rewards, Yang Chen personally awarded each of them 1 million yuan.
All the players on this team are newcomers personally trained by Yang Chen. They can play in at least three more World Cups. As long as they are there, Sihai Sports will not lack sponsorship fees, and Sihai Sports' stock price will not fall.
Therefore, no amount of rewarding them would be enough, because Yang Chen would gain even more.
At 9 a.m., the governments of Jiangcheng, Haicheng, and Hecheng jointly issued an announcement regarding the holding of a grassroots football tournament.
"Initiated by Mr. Yang Chen, Chairman of Sihai Sports, and facilitated by the governments of Jiangcheng, Haicheng, and Hecheng, the 'Jianghaihe' Amateur Football Tournament has officially commenced, organized by amateur football enthusiasts from the three cities. Twelve amateur teams from the three cities are participating in the competition. The tournament is entirely amateur in nature, without any official guidance or interference, aiming to allow fans in the three cities to better enjoy the pure joy of football. All proceeds from the tournament will be used for the construction of football fields in the three cities, enabling more fans to have access to playing fields at any time. The Jianghaihe Football League Committee is located at Sihai Sports; any matters can be discussed and negotiated with the committee."
The entire nation was already immersed in the joy of winning the championship, and this announcement ignited the enthusiasm of the fans.
Major platforms and companies also dared not slack off and immediately sent teams to the headquarters of Sihai Sports to negotiate with the competition committee on matters related to broadcasting and sponsorship of the event.
The stock market opened on Monday.
Sihai Sports, which was cut in line, went public directly with a total share capital of 350 billion shares and an issue price of 20 Dragon Coins. As soon as the market opened, it immediately rose to 30 Dragon Coins, triggering the circuit breaker mechanism, and its market value soared to 1.05 trillion.
Despite the high price, the corresponding market capitalization is only equivalent to the valuation when Alibaba and other companies invested four years ago.
After four years of development, coupled with the boost from the Sihai team's championship win, it's clear that this market value is far too low.
After a one-hour circuit breaker, Sihai Sports stock resumed trading, and the stock price soared to 45 Dragon Coins, triggering another circuit breaker.
In the past, when large-cap stocks were listed, the A-share market would plummet because large-cap stocks had a very strong draining effect on other stocks.
However, the listing of Sihai Sports did not have a draining effect on the market; instead, it drove the market to surge.
The entire sports sector hit its daily limit, which also boosted related sectors such as health, healthcare, and education.
The market surged by more than 260 points and is about to break through 3500 points again.
It's been four years, a full four years. Ever since the last time the market opened at its daily limit up and then almost hit its daily limit down, the market index has been fluctuating around 3300 points.
Today, led by Sihai Sports, the market is finally about to break through 3500 points. Moreover, Sihai Sports will definitely continue to rise after the market opens this afternoon. It is inevitable that the market will break through 3500 points. The question is whether it can hit the key level of 3600 points and free those retail investors who have been trapped for 4 years.
The market opened at 1 p.m.
Sihai Sports stock resumed trading, and as expected, the stock price rose directly to 67.5 Dragon Coins, triggering the circuit breaker once again.
At this time, Sihai Sports' total market value had reached 23625 trillion yuan, second only to China Mobile's market value of 2.4 trillion yuan.
Clearly, such a high market capitalization is unreasonable for a sports company, far exceeding its intrinsic value, and the risk is simply too great.
The China Securities Regulatory Commission (CSRC) immediately issued a notice reminding investors to be aware of the risks associated with Sihai Sports' high market capitalization.
However, it was useless.
Stock market investors have always been inclined to buy when prices are rising and not when they are falling. The more prices rise, the more people will buy, especially with the added boost of the World Cup champion and Yang Chen.
At 2:30 PM, Sihai Sports stock resumed trading once again.
The enthusiastic investors expressed their support for Yang Chen with real money, pushing the price of Sihai Sports up to 80 Dragon Coins. Although it did not hit the daily limit and trigger a circuit breaker, the buy orders at this price were very strong, and the stock price continued to rise steadily without any downward trend.
At 3 PM, the stock market closed, with Sihai Sports' stock price settling at 82.5 Dragon Coins, bringing its market capitalization to 28875 trillion Dragon Coins. The Shanghai Composite Index also reached 3598.45 points, just barely missing the key 3600-point mark.
To be honest, Sihai Sports' market value of 28875 trillion yuan is really too high. Although it made a profit of more than 600 billion yuan last year, it is, after all, just a sports company. Without the support of high technology, it is really not enough to support such a high market value.
Therefore, after the market closed, the China Securities Regulatory Commission (CSRC) issued another announcement reminding investors to be aware of and guard against risks.
"We are delighted to see Sihai Sports achieve such outstanding results, and we look forward to more high-quality companies like Sihai Sports listed on the A-share market. However, we must remind everyone to be aware of the risks. One sports company is not enough to support a market capitalization of nearly 3 trillion yuan. The market is risky, and investment requires caution."
Major media outlets have reported on Sihai Sports' incredible performance.
Longguo Finance News: Benefiting from the incredible performance of the Sihai team representing Longguo in winning the World Cup, Sihai Sports' IPO application was exceptionally expedited. The issue price was 20 Long Coins, but the closing price on the first day of trading reached an astonishing 82.5 Long Coins, with a total market capitalization of 28875 trillion Long Coins, exceeding the second-ranked Longguo Mobile's 2.4 trillion by more than 4000 billion. This frenzied situation arose from investors' trust in Sihai Sports and Mr. Yang Chen. We cannot help but ask: how can a sports company support such an outrageous market capitalization? Once the enthusiasm fades and the stock price returns to rationality, investors who bought Sihai Sports stock will suffer huge losses. Who will bear the responsibility? Investors are advised to remain rational to avoid severe losses.
Other media outlets basically wrote their news based on the China Securities Regulatory Commission's announcement, and they all expressed concern about Sihai Sports' outrageous market value that exceeded reasonable limits.
At this moment, Sihai Sports is holding a celebration party.
Group executives and major shareholders were all present, and Yang Chen himself also came to celebrate with everyone.
When everyone had finished drinking, Mr. Ma, the boss of Ali Gaba, asked, "Chairman Yang, the stock price of Sihai Sports has indeed exceeded our expectations, and the risk is indeed very high. How can we ensure that the stock price lands smoothly and does not trigger major risks?"
The other shareholders nodded in agreement, all wanting to know what Yang Chen was thinking.
Yang Chen laughed and said, "Smooth landing? Why land? We've already gone up, why not maintain the high level, or even continue to rise?"
Mr. Ma then said, "But how could a sports company possibly support a market capitalization of three trillion?" (End of Chapter)
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