Chapter 530: Crazy Growth! 122.3 Billion US Dollars! Crush Facebook and Become China's Second Internet Company!
Seven o'clock in the evening, Chunshen No. 2 Middle School, Class 8, Grade 1.
Fifteen or sixteen-year-old boys, wearing blue and white school uniforms, were concentrating on their test papers under the cold light.
Some people hid their Qingcheng phones under the table and were busy playing Douyin; some people had just finished dinner, their heads were hot and they were still dizzy; some people opened "Three Years of Simulation and Five Years of College Entrance Examination" and were doing reading comprehension.
The doors and windows were closed, the carbon dioxide content in the classroom exceeded the standard, and many people felt a little drowsy.
"You bastard principal, I'm only in the first year of high school, and I have to go to evening self-study until 10:15. Be a human being, please! I really want to call the police."
"Big Head, how about skipping class? Go play a round of Challenge Mode at New Wave?"
"No! If it's League of Legends, I'd still consider it, but CrossFire is outdated, I won't play it."
"One hour each?"
"make a deal!"
In the last row of the sunny beach area, two boys with dark blue hair on their lips chuckled and tried to slip out from the backstage.
"Where do you want to go?"
Zhang Li was holding a computer, blocking the back door, looking at the two of them with a smile.
"Teacher Zhang, my feet are numb. Get up and move around."
"Teacher Zhang, me too."
The two boys smiled awkwardly, then quickly came up with a lame excuse.
"Go back! Sit down!"
Zhang Li rolled her eyes at the two of them.
After that, she walked up to the podium with her computer and said softly, "Watch the live broadcast tonight. Your senior Chen's company has gone public."
"Wow! It feels so good to not have class!"
"Chen Yansen is amazing! This company alone is worth hundreds of billions. If you give me 100 million, I won't have to go to school anymore."
"I heard that Senior Chen donated 80 million to No. 2 Middle School, and there's a Jensen Library on the new campus."
"Forget 'I heard'! The cash prizes for the top ten in each monthly exam are all paid for by the seniors. Do you think Baldy Wang is willing to give them money?"
The students were whispering in the audience.
Wang Tuzi's full name is Wang Shiyang, and he is also the principal of Chunshen No. 2 Middle School.
Zhang Li smiled and shook her head, set up the projector, opened the Douyin desktop version, typed in Pinbei, and the first link was the entrance to the official live broadcast room.
She immediately clicked on it, and saw the screen stopped at the gate of the New York Stock Exchange. Hanging on the six doorposts were Pinbei's core business philosophy: customer first, integrity-based, agile innovation, collaborative symbiosis, ultimate efficiency and responsibility.
The bright orange color is very eye-catching!
Below is a huge billboard with the words 'Pinbei Group Pinbei Technology' printed on it.
The staff of Douyin's live broadcast room gave an introduction in both Chinese and English throughout the whole process, and then the scene changed to the entrance of the exchange hall.
Chen Yansen, Ma Wenteng, Duan Yongping, Musk and Zhou Jiancheng stood in a row, smiling and looking like they were in high spirits.
This scene made the students in the audience excited.
In their eyes, the distance between themselves and Chen Yansen is not far.
Strictly speaking, they are all Boss Chen's juniors, except that they are six years apart.
Zhang Li moved a chair and sat aside to watch.
She knew in her heart that Chen Yansen was probably the most outstanding student in her life, no doubt about it.
at the same time.
The Xucheng College auditorium was also broadcasting the live broadcast of Pinbei’s listing.
Chen Yansen's fame in the school is more than ten streets ahead of Tang Qingshan. If nothing else, at least everyone can enjoy air conditioning.
Senlian Capital's cloud customer service positions also have policy preferences for virtual colleges. Any college student who wants to work part-time can get an hourly wage of 12 yuan as long as their typing speed meets the requirements.
Many students at Xucheng College dream of getting a job at Senlian Capital after graduation.
"Brother Sen is so awesome! We all go to Xucheng College, but the gap is huge."
"88 billion US dollars! Even if you spend 100 million US dollars a year, it will take 800 years to spend it all."
"I really envy the seniors who started their own businesses with Brother Sen. Now they are all worth tens of millions, and some even have hundreds of millions."
"It's said that when Brother Sen sold the fox, more than a dozen people gave up their million-dollar annual salaries and chose to start over with Brother Sen. Unexpectedly, their efforts paid off in just two years."
Among the audience in the auditorium, students from the School of Communication made up the majority, and everyone was discussing the matter in a lively manner.
The deans of various departments sat in the first row. Tang Qingshan held a teacup and stared at the projection screen with a flushed face.
The student secretary of the school's publicity department watched the live broadcast while taking notes of the key points, preparing to write an article and publish it on the school's official website.
The other side.
In Zhuxianzhuang Science and Technology Park, the interior and exterior of Office Buildings No. 5 and No. 6, where Pinbei is located, are now decorated with lights and colorful decorations. A variety of food and drinks are placed on each floor, and carnival activities are being held simultaneously.
"Brother Li has sent a notice, hurry up and go to the first floor to collect the gold coins!"
Someone suddenly shouted.
The others quickly opened the Yunzhou project group, and after confirming the news, they excitedly walked up the stairs or took the elevator to the first floor lobby.
The collection is divided into different departments, with the customer service department being the first.
Pinbei’s launch souvenirs are very simple: a gold coin and a hammer-shaped health hammer.
The front of the gold coin is engraved with the Pinbei brand pattern, which is golden and yellow, and it seems to be of great weight.
"Brother Li, how many grams is this?"
Customer Service Director Fei Qiwen looked at Xiong Li and asked.
Xiong Li rolled his eyes, smiled bitterly and said, "Boss Fei, can you please stop calling me Brother Li?"
"Okay, Brother Li." Fei Qiwen said seriously.
"..." Xiong Li waved his hands weakly and replied helplessly: "50 grams, the same for everyone."
50 grams?
The customer service staff couldn't help but gasp. These weren't gold coins at all, they were clearly gold cakes!
Calculated at a price of 240 yuan per gram, this gold coin is worth 12,000 yuan!
There are more than 6,000 people in the company, and if each person gets one, the total value is more than 70 million!
"Brother Sen is really generous! Others' gold coins are 5 grams or 10 grams, but we start with 50 grams!"
"Gold is great! I'll melt it down and make a gold bracelet for my mom!"
"Only a fool would melt it! There are only about 6,000 of them in the entire company. What a great souvenir!"
The customer service staff in the queue were talking and laughing.
The LED screen on the second floor is showing live footage from the other side of the ocean.
In fact, in addition to Douyin, Mimo also opened a live broadcast room.
The difference between the two is that the former is aimed at domestic audiences, while the latter is aimed at overseas audiences.
The real-time audience numbers on the two platforms skyrocketed, exceeding 10 million before 8 o'clock.
There are raffles and password red envelopes from time to time in the live broadcast room, as well as benefits such as Pinbei coupons, Kuaidi taxi coupons, and OFO cycling coupons.
At the same time.
Chen Yansen and Xiao Ma Ge walked into the exchange hall together. As soon as they stopped, financial media from home and abroad surrounded them.
"Mr. Chen, what do you think Pinbei means to China and the internet industry?"
A reporter from the National Daily asked, holding up a microphone.
"In 2013, which is about to pass, Pinbei helped 637,000 merchants to complete a transaction volume of 671.9 billion yuan and created more than 4 million jobs. I think this is the value of Pinbei's existence."
Chen Yansen smiled lightly and answered confidently and calmly.
"Mr. Chen, why are the bell ringers not only Pinbei's investors and executives, but also Pinbei's users, merchants, and couriers? What's your thinking behind this?"
asked a reporter from The New York Times.
"It was thanks to Pony's investment and support that Pinbei was able to take its first step, and Mr. Zhou was the first brand to join Pinbei. The eight of them are the cornerstone of Pinbei's success."
Chen Yansen immediately switched to English and spoke eloquently.
The fluency and infectiousness of his language shocked the overseas reporters present.
After all, everyone knows that Chen Yansen's college entrance examination score only passed the second-tier line, and his English score was 80 points, which was not even the passing line.
"Mr. Chen, how do you feel about becoming the richest man in China and the world?"
A reporter from Forbes magazine raised the third question.
"Honestly, I don't feel anything at all. It doesn't matter how much money I make, what matters is how much I spend it."
Chen Yansen shrugged.
"Mr. Chen, Pinbei, as China's second-largest e-commerce platform, has experienced rapid growth since its founding. What is your next goal? Will it be to defeat Ali Baba, or take the first step toward internationalization and compete with Amazon?"
The reporter from Time magazine stepped forward and asked Chen Yansen.
"In fact, Pinbei has already taken the first step towards internationalization. Pinbei International's cross-border business achieved sales of 100 billion yuan in 2013. We sell cosmetics, health products, and fashion apparel from North America to Asia. We have also recently been communicating with farms and ranches in South America to bring local beef, lamb, and cherries to Chinese people's tables.
Competition is only a manifestation of internationalization, not its purpose!
Pinbei will definitely expand into more countries and regions in the future, but our goal is not to defeat or eliminate anyone, but to build a platform to help more people run their businesses successfully.”
Chen Yansen didn't fall into the other party's trap at all, and spoke evasively.
A group of reporters from top international media outlets looked at each other in bewilderment. They were surprised to find that Chen Yansen's reply was so airtight that it was difficult to dig out any breaking news. So they turned the microphone around and asked Ma Wenteng:
"Mr. Ma, according to Penguin's investment timeline, the Pinbei app hadn't even launched at the time, and you hadn't even seen a prototype of the product, yet you gave Mr. Chen $300 million. What motivated you to make this decision?"
Xiao Ma Ge did not answer immediately, but turned his gaze to Chen Yansen.
He knew very well who the protagonist was today.
Chen Yansen nodded slightly, indicating that Ma Wenteng was free to do as he pleased, because he only cared about the subsequent inquiry price, issue price and opening price.
At this time, Harvey Schwartz, the global co-head of Goldman Sachs' securities department, came over and reminded in a low voice, "Mr. Chen, David Ethridge, vice president of the New York Stock Exchange, has arrived."
Chen Yansen understood immediately, made an apologetic gesture to the media camp, and then, accompanied by Harvey, walked towards the podium where David Ethridge was.
I heard Pony Ma's voice behind me: "Investing is actually very simple, not that complicated. First, you have to see if the entrepreneur is reliable, and second, if the project is reliable. I personally have great faith in Chen Yansen's ability, which is why Penguin has participated in the financing of Kuaipao, Kuaidi Dache, and OFO Bike."
Zhou Jiancheng, Wang Zihao, Song Yuncheng, Meng Xibo, Zhou Lijuan, Ding Yuhang, Lu Hua and others also attracted media attention and were chased for questions by reporters from home and abroad.
"David, this is Mr. Chen Yansen, the founder of Pinbei."
Harvey from Goldman Sachs Securities Department led Chen Yansen to a middle-aged white man and introduced him.
"Mr. Chen, welcome!"
David Ethridge extended his right hand and greeted with a smile on his face.
Pinbei's choice of the New York Stock Exchange can not only bring considerable direct economic benefits to the NYSE, such as listing service fees and software fees, but also attract more investors to open accounts and trade on the NYSE, bringing growth opportunities to other related businesses of the NYSE and increasing indirect benefits.
At the same time, Pinbei raised US$8.8 billion on the day of its listing, breaking the New York Stock Exchange's financing record in 2013.
You should know that Hilton Worldwide, a subsidiary of Blackstone Group, only raised US$2.35 billion.
Chen Yansen shook hands with the other party, a smile on his lips, and greeted him calmly.
Under the camera of the reporter, he was surrounded by a group of senior executives from Goldman Sachs and the New York Stock Exchange, looking like the moon surrounded by stars.
The flash lights keep on flashing!
The president of Goldman Sachs' securities department leaned over and whispered to him. Several directors of the New York Stock Exchange stood on his left and right. Chen Yansen, with a height of 1.86 meters, was extremely conspicuous in the crowd.
Young, energetic, tall and handsome.
As a representative of young Chinese entrepreneurs, Chen Yansen has a very good appearance. He is handsome, tall, and capable. Coupled with his terrifying net worth of 100 billion US dollars, he has easily gained hundreds of millions of fans around the world.
Some of the comments in the live broadcast room were disgusting.
For example, "Is it big?", "Has a great figure, but I wonder how strong he is."
When women in Europe and America get angry, men have no chance at all.
Domestic media outlets such as Sina, NetEase, Sohu, Penguin and Toutiao are all conducting graphic, text and selected video reports.
The homepages of major portals almost all feature a half-length photo of Chen Yansen standing in front of the New York Stock Exchange, waving at the camera.
The overwhelming coverage has spread Chen Yansen’s name to every corner of the Internet.
It was not until nine o'clock that David Ethridge walked onto the podium and slowly talked about Pinbei's entrepreneurial background, experience and achievements. He also said frankly that due to the hot investment market, Pinbei's inquiry process was very likely to be postponed.
Inquiry is the best way to determine a reasonable issue price, which is used to balance the common interests of the issuer, investors and the market, and avoid resource mismatch caused by price distortion.
To put it bluntly, we will act based on the situation. If the subscription is enthusiastic, the issue price will be raised again.
The interests of listed companies, securities firms and exchanges are the same. Everyone works together to drive up stock prices and make money together.
When the news came out, all potential investors were shocked.
Based on Pinbei's estimated annual transaction volume of 670 billion yuan, combined with the valuation forecasts of Ali Baba by investment banks such as Morgan Stanley, and compared with data from peers, Pinbei's maximum level is 70 billion US dollars.
The issue price has increased from US$34 per share to US$40, which is already a premium issue. Will it continue to increase?
Time passed by minute by minute, and in the blink of an eye it was half past nine.
Chen Yansen strode onto the stage, followed closely by Ma Wenteng, Zhou Jiancheng, Song Yuncheng, Huang Zheng and others.
Everyone held a small wooden gavel in their hands, surrounded the bronze bell, and symbolically hit it hard.
“Bang!”
In an instant, bells rang in the four trading areas of the New York Stock Exchange!
Of course, this sound was not made by Chen Yansen and his companions, but was made by an electric bell, which was synchronously controlled by a unified control console.
There was thunderous applause and continuous cheers from the audience!
Reporters from CCTV, CNBC, Bloomberg and other media outlets carried cameras, their lenses fixed on Chen Yansen.
Although Pinbei's market value is not high, and it is not even among the top ten in the world, and can only barely make it into the top 30, its founder is a powerful figure, the richest man in the world in 2013. This alone can bring tens of thousands of traffic to major media.
Local TV talk shows in New York are secretly trying to get Chen Yansen's first interview rights in North America.
But after the market opened, Pinbei’s shares were not sold for a long time!
The market subscription enthusiasm is high and the inquiries are also rising steadily!
Chen Yansen and Huang Zheng communicated repeatedly with underwriters, investment institutions, and market makers, and an hour later, they set the final issue price at US$42 per share.
Officially on sale at 10:03!
Pinbei's stock code is 'PINB', and it instantly turned green!
Buy orders far outnumber sell orders!
The stock price soared from US$42 and broke through the US$43 mark in less than ten minutes.
Half an hour later, it broke through 44 US dollars!
An hour later, it reached 45 US dollars!
"Oh My God! This price is outrageous!"
"The market value is almost 100 billion US dollars!"
"Who on earth is buying this? $45 is crazy!"
The media, financial institution representatives, and securities practitioners of the Lighthouse Country stared wide-eyed, looked up at the electronic display screen of the exchange, and let out low growls from time to time.
At 11:07, Pinbei’s market value exceeded 100 billion US dollars!
China’s second company with a market value of over 100 billion US dollars was born!
Wang Zihao, Meng Xibo and others opened their mouths in amazement, calculating in their minds how much the shares they held were worth.
Song Yuncheng stood aside, staring at Chen Yansen with burning eyes. In her eyes, there was only the master who taught her knowledge and postures step by step.
Harvey Schwartz, head of Goldman Sachs' securities department, looked excited. It was obvious that underwriting Pinbei's stocks had brought huge profits to the company and also created considerable commission income for him.
At this time, it was already past midnight in the country, and there were still millions of people watching the live broadcast room.
"Oh my god! The last password was all 888 yuan in red envelopes!"
"No more, they're all gone! I didn't even get one of the 10,000 spots, I'm such a fucking loser!"
"Hehe, the largest denomination is 4999 yuan. Don't ask me how I know."
"Damn! I can only buy a pack of toilet paper with a 10 yuan coupon from Pinbei!"
When Pinbei's market value exceeded 100 billion US dollars, Douyin staff announced the red envelope password and distributed tens of millions of cash red envelopes in one go.
However, investors' enthusiasm has not yet subsided. At 1:43 pm in New York, Pinbei's stock price broke through the US$49 mark after several rounds of ups and downs.
At 2:19, it arrived at 55 US dollars!
After 2:40, the stock price began to fall back!
Peak price: 55.1 USD!
The closing price was 48.6 US dollars, and the market value was 107.89 billion US dollars!
It is more than 30 billion US dollars higher than Facebook's market value, and only more than 20 billion US dollars lower than Amazon, Intel and Penguin.
Bloomberg's headline reads, "Pinbei's IPO raises $8.8 billion, setting a record on the New York Stock Exchange and potentially becoming the biggest bubble of 2013!"
For most people, Pinbei's stock price is too high. A reasonable price would be to return to between 35 and 40 US dollars.
The New York Times' front-page headline read, "Pinbei's stock surges 31% on its first day, reaching a peak market capitalization of $122.32 billion!"
The BBC's article is: "Pinbei IPO: China's social e-commerce giant arrives in North America!"
China Securities News reported: "Pinbei has been listed on the New York Stock Exchange with a market capitalization exceeding US$100 billion. Is it 'undervalued' or 'overvalued'?"
The Paper, starting from the multi-millionaires and billionaires created by Pinbei, interpreted in detail the identities of the four bell ringers: Wang Zihao, Song Yuncheng, Xu Xingxing, and Meng Xibo.
After reading the news, netizens were so jealous that they couldn't even control their facial expressions. With red eyes, they murmured: "A senior in college, three years of work experience, and a net worth of over 100 million?"
Many people couldn't help but sigh: "So this is what they call one person's success brings prosperity to everyone around him!"
Pinbei has over 3,000 employees, with a combined net worth of nearly 4 million yuan!
It’s a bit of an exaggeration to say that you have achieved financial freedom, but as long as you don’t spend money recklessly, you will never have to worry about food and drink for the rest of your life.
The domestic investment circle is envious of Penguin. The two investments totaled less than 1.2 billion US dollars, but now it has earned 17 billion US dollars in profits!
Chen Yansen’s net worth has reached 75 billion US dollars just by relying on his company Pinbei!
The next night, Chen Yansen appeared on the evening news again.
(End of this chapter)
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