Wandering the world of film and television begins with the golden years
Chapter 180 The Rise and Fall of the IPO
August 18th, a traditionally auspicious day according to the Chinese almanac. 🌷♡ ➅❾Şђย𝕏.匚o𝓂 🍔👌
The Hong Kong Stock Exchange was packed with people, and the entire internet industry across the country was focused on it. Li Haoyu was also experiencing an important moment in his life today.
And because a major event that will shake the domestic internet is about to happen at the Hong Kong Stock Exchange... that is, GoodGroup is finally going to be listed in Hong Kong.
Sequoia Capital and more than ten other strategic institutions gathered at the event to witness the glorious moment of Haotuan's IPO.
In fact, Li Haoyu thought it best to keep a low profile and make a fortune quietly.
Why be so ostentatious?
However, the IPO roadshow is something Li Haoyu can't escape, because he has long been the soul of the company and a flag bearer for it.
To put it bluntly, if Li Haoyu were to be involved in any negative news, HaoTuan's stock price would evaporate by tens of billions of dollars out of thin air.
The news of Haotuan's IPO and Li Haoyu's name have dominated the front pages of various economic news outlets for over a month.
What is the market value of Meituan after its IPO?
That alone is enough to attract readers, not to mention Li Haoyu's special identity.
A college student starting a business, not even thirty years old, building everything from scratch – every single word is admirable. Anyone who can do that is simply too modest to describe it.
Li Haoyu is simply a legend!
People are used to seeing many geniuses, but Li Haoyu still manages to break people's expectations of geniuses.
Li Haoyu has even brought glory to the country, proving that there are also young talents in China who are no less entrepreneurial geniuses than those abroad.
This time, a young entrepreneur has finally emerged as a role model, so the mainstream media in China are naturally giving him encouragement and praise.
The reviews are overwhelmingly positive!
Haotuan is the dominant player in China's group-buying industry. Haotuan.com has an excellent user experience and a great reputation in China, but nobody knows how much Haotuan.com is actually worth.
Before Li Haoyu could even speak, the reporters who were there to watch the spectacle began making bold predictions. They really dared to speak out, casually mentioning a market capitalization of 800 billion US dollars.
This number left even the talkative Li Haoyu speechless. He even wanted to shout out, "Deal! I'd even give you a 30% discount! Whoever wants to take over, don't run away!"
It's normal to be optimistic about Haotuan's future, but this also overestimates Haotuan's value.
Li Haoyu couldn't help but say to Guan Weiguang beside him, "These journalists really love making a scene; they'll say anything for the sake of generating buzz."
Guan Weiguang looked at Li Haoyu with a grin, his face crinkling with laughter.
"I don't think it's impossible. Our GoodGroup has a bright future. What's a mere 80 billion US dollars? GoodGroup's future is the stars and the sea. 🎅😾 ❻9SHOP.c𝕆Claw🐉♧"
Li Haoyu was stunned after hearing this. "Wang Pangzi, where did you learn this? You can brag even more than me now."
Guan Weiguang said in a serious tone, "Boss, I'm serious. Haotuan's future value is immeasurable. Going public is just the beginning for Haotuan."
Li Haoyu burst into laughter upon hearing this.
This fat guy's words are getting sweeter and sweeter.
Although Wang Weiguang's praise was somewhat exaggerated, Li Haoyu could tell that he genuinely believed in the group's future.
After thinking for a while, Li Haoyu said, "The revolution has not yet succeeded, comrades still need to work hard."
But he paused for a moment, then added, "You are all sailors, navigating the two oceans. The vast world is within your hearts."
Guan Weiguang said, "That's right, the boss is the boss. In the end, he's still a cultured man. That's what I mean too."
……
In fact, the process of going public is complicated and lengthy.
Besides buying a designer suit and having an exquisite hammer custom-made to make the photos look better when ringing the bell, Li Haoyu also...
At the celebratory banquet the day before, Li Haoyu almost threw up from drinking. Although he was drinking low-alcohol wine, he couldn't resist the investors and executives raising their glasses repeatedly.
Li Haoyu barely slept the night before, only resting briefly in bed. He arrived at the venue early, even though the listing ceremony didn't start until nine o'clock.
Li Haoyu, however, had to come out early to work as a mascot and a greeter. He also had to sign documents, and for more than an hour, he didn't stop signing.
Li Haoyu has become a complete puppet.
If it weren't for his legal counsel and accountant taking turns to guide him, he felt he would soon forget how to even sign a document.
By the time he finished signing in, Li Haoyu was completely numb!
In the end, he couldn't even write his own name anymore.
His initial sense of anticipation and excitement had completely vanished.
Li Haoyu had only one thought in his mind.
Forget about the IPO, just get this over with!
He finally finished signing the last document, and it was almost nine o'clock. The listing ceremony was about to begin.
He can finally take a break.
He couldn't help but let out a long sigh.
…………
The ceremony is about to begin.
The atmosphere at the scene gradually became more lively.
Li Haoyu followed the group to the top floor of the Hong Kong Stock Exchange. Various welcome banners and screens at the top were playing a loop of Haotuan's company profile.
The listing ceremony started promptly at 9:00 AM.
The host started making various introductions...
The host then introduced the leaders of the various companies participating in the bell-ringing ceremony.
HaoTuan.com is finally going public.
Now, the answer to the question of Haotuan's market value is finally about to be revealed.
Li Haoyu, having traveled to this world, has finally accomplished the goal he wrote down in his diary today.
However, Li Haoyu didn't know anything about Meituan in his previous life. What was the stock price of Meituan when it went public?
But in this world, HaoTuan listed on the Hong Kong Stock Exchange with an issue price of HK$71, valuing the company at US$510 billion. This demonstrates how much the capital market recognizes the future value of HaoTuan.
Haotuan has also become a leading internet giant in China, although it is still some distance away from companies like Ant Financial and Baidu Search, which are worth $1000 billion each.
It is still far behind Alibaba and Tenda Group, two leading internet companies with valuations as high as $5000 billion.
But Li Haoyu is very confident that although Haotuan can only be ranked among the internet giants now.
His expectations for Meituan go far beyond this.
The speed and extent of Haotuan's transformation of the service industry are enough to overturn everyone's imagination.
It has gradually become a super app covering all aspects of life, including restaurant reviews, restaurant reservations, movie tickets, homestays, hotel reservations, food delivery services, travel services, and supermarkets.
In addition, Haotuan.com had already turned a profit in its main business a long time ago, which is very good news.
This boosts confidence in the capital market.
It is undoubtedly a shot in the arm.
---Aside---
Thanks to the following for their monthly ticket support: "Hard to Choose a Name", "888 Free and Easy", and "Which Way Does the Wind Blow? I'll Go Wherever 404 Goes".
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