Chapter 725: 1.6 trillion! The myth of wealth creation resurfaces! Hundreds of billionaires!
On October 28, a misty autumn rain fell over Hong Kong Island. The river fog was like smoke and gauze, gently covering the high-rise buildings that were lined up one after another. From a distance, it looked like a mirage.
The entrance of the Hong Kong Stock Exchange is now crowded with media reporters from home and abroad.
You should know that Orange Technology is one of the top three mobile phone brands in the world, with a valuation of up to 1.2 trillion yuan, and the issue price per share is set at 148.8 yuan.
Faced with such high prices, some people are timid, worried that they will be trapped by Orange Technology.
Some people also raised funds early and waited for the market to open that day to buy and build positions.
In the eyes of investors, Orange Technology has self-developed chips, operating systems and high-performance batteries, and has also invested in a series of supply chain companies such as Dongfang, and its growth momentum is very fierce.
Even if it is not as good as Apple, it should not be worth only 240 billion US dollars.
They are convinced that as long as they hold on to the stock for a year or two after buying it, the book profit will definitely reach 100%.
This is the blind confidence of retail investors in Chen Yansen!
After all, Chen Yansen spent four years carefully creating the image of a "business genius who never fails."
A person who has never lost naturally has a strong market appeal.
Of course, as long as Chen Yansen loses once, this trust will be like a wall with the bottom bricks removed, and it will be at risk of collapse at any time.
In the drizzle, a Maybach sped past, with Chen Yansen and Cao Dahua sitting on the left and right of the car.
"Boss, the engineering versions of the three products—the smart lock, power strip, and smart camera—are already ready. We plan to conduct internal testing first, and then send them to Orange Technology for secondary testing. As long as there are no quality and safety issues, they will be available to consumers at the new product launch in November."
Cao Dahua slowly began to report.
"Where are the new mobile phones?" Chen Yansen asked again.
"We expect to complete the preparatory work in early November. I will prepare some stock for each model in advance according to the production plan."
Cao Dahua responded immediately.
Nearly seven months have passed since Orange Technology’s last new product launch.
Although the current sales growth momentum remains strong, it has reached a point where new products must be launched.
Even if the sales of iPhone 6 and iPhone 6 Plus are lower than expected, Orange Technology has to come up with new products.
In the eyes of users, electronic products are updated and replaced quickly, and only new products have new vitality. You can't always rely on old models from half a year ago to compete with Apple and Samsung.
Chen Yansen nodded slightly and didn't say anything else.
Seeing this, Cao Dahua immediately shut up and stopped making any noise to avoid interrupting his boss's thoughts.
Not long after, we arrived at the Hong Kong Stock Exchange headquarters building.
The window of the Maybach slowly lowered, and cool rain mixed with moist air drifted into the car. Chen Yansen raised his hand to tighten his suit jacket, and looked at the crowded crowd outside the window through the rain.
Reporters hurriedly raised their cameras, and flashes of light flashed one after another.
Chen Yansen raised his right hand, gently waved, and greeted the camera.
Six security personnel quickly got out of the Mercedes-Benz commercial vehicle behind them, and then stood in two rows, forming a human wall on both sides of the back row of the Maybach.
Old Huang immediately stepped forward and opened the car door for Chen Yansen.
Chen Yansen stepped out of the car, his posture as straight as a pine tree, a smile on his lips, and strode towards the gate of the Hong Kong Stock Exchange.
Reporters immediately surrounded him, peppering him with questions like raindrops: "Mr. Chen, where will Orange Technology's future growth point lie?"
"Why did Orange Technology give up the New York Stock Exchange and ultimately choose to list in Hong Kong first?"
"After the launch, what do you think is the most important task for Orange?"
“…”
Chen Yansen took a quick look and saw that there were local media, reporters from the technology and financial circles from mainland China and overseas, and even a few internet celebrities who were broadcasting live on their mobile phones.
He paused, raised his hand, and motioned for the reporters to be quiet. His tone was gentle, yet it carried a commanding presence that brooked no argument. "Thank you for your interest in Orange Technology, but it's best to ask your questions one at a time. It's now 9:03, and I have ten minutes to answer your questions."
The implication is obvious: if everything is too chaotic, there won't even be these ten minutes.
The reporters understood the significance of the words and could only shut up and wait for Chen Yansen to call their names.
"Friends from the National Daily, please ask first."
Chen Yansen pointed casually and selected the first media outlet.
"Mr. Chen, do you think Orange Technology's valuation is too high or too low? Should it be a hardware company or an internet company?"
A reporter from the National Daily asked.
"Orange Technology's valuation was jointly determined by Goldman Sachs, Huaxin, and Sun Hung Kai Properties. It was primarily based on the company's profitability, cash flow, asset status, business model, competitive advantages, market underwriting volume, and subscription willingness during the roadshow. Therefore, the US$240 billion valuation was not a random decision, but a reasonable and scientific price that was calculated.
This price reflects Hong Kong Island investors' expectations of Orange Technology's current value. I respect the pricing logic of the Hong Kong Stock Exchange and underwriters, but I hope that investors can focus on Orange Technology's future value growth."
Chen Yansen paused and added, "As for whether Orange Technology is considered a hardware company or an internet company, I think neither positioning is accurate. It is a new breed, a comprehensive internet company with mobile phones, smart hardware, and IoT platforms at its core."
The reason why he decisively denied the hardware attributes of Orange Technology was essentially because a pure hardware company could not support the sky-high market value of 240 billion US dollars.
Valuation requires sufficient room for imagination, and the combination of "mobile phone + smart hardware + IoT platform" is exactly the pie he painted for investors.
Of course, he wasn't completely kidding.
On the surface, Orange Technology does look like a hardware company that sells mobile phones, tablets, laptops and digital peripherals.
But in fact, the company also holds the entire patent chain of Yunsu express lockers, and is ready to launch Internet of Things products such as smart door locks, power strips, and cameras. These are the confidence that supports its positioning as a "comprehensive Internet company."
Without waiting for the reporter from the National Daily to respond, Chen Yansen pointed to the reporter from CCTV.
"Mr. Chen, once Orange Technology goes public, it will create hundreds of billionaires and thousands of multi-millionaires. Are you worried that your employees will lose their fighting spirit?"
CCTV reporter raised questions.
Chen Yansen responded calmly, "Regarding employee incentive programs, the company has already established strategies at different levels. Our goal is to ensure that all those involved in Orange Technology's development can share in the joy of success. For employees, all they need to do is maintain a positive work attitude and do their part well.
In addition, the company sets aside a portion of its stock each year as a reward for outstanding employees. In my opinion, going public is just a new starting point for Orange Technology, not the end.”
After hearing Chen Yansen's answer, the CCTV reporter nodded.
Then, Chen Yansen called on a reporter from an overseas financial media outlet and asked, "Friend, do you have any questions?"
The reporter asked quickly, "Hello, Mr. Chen! I'm a reporter from the Wall Street Journal. Why did Orange Technology choose to list in Hong Kong instead of the New York Stock Exchange or Nasdaq? Furthermore, facing strong competition from Apple and Sanxing in the global market, what exactly is Orange Technology's competitive advantage?"
This question hits the nail on the head, as it not only concerns the company's overseas strategic layout, but also touches on its most critical competitive advantage.
The scene suddenly became quiet, and everyone focused their attention on Chen Yansen.
Chen Yansen smiled gently and replied slowly, "As an international financial center, Hong Kong Island not only has a mature capital market system, but is also closely connected with the mainland market. This is very beneficial for Orange Technology to balance the development of its mainland and overseas businesses.
In the future, when the company's business reaches a certain scale in the North American market, we do not rule out the possibility of a secondary listing on the New York Stock Exchange or Nasdaq.
I believe Orange Technology's core competitiveness can be summarized into three points: first, technology research and development, second, supply chain integration capabilities, and third, ecological layout."
Chen Yansen spoke eloquently and handled the situation with ease.
He spoke briefly, but any reporter who knew something about Orange Technology could understand the meaning behind every word.
Next, Chen Yansen answered several reporters' questions about product development and market expansion.
The ten-minute question-and-answer period passed quickly.
Chen Yansen looked at his watch, took the initiative to end the question-and-answer session, and then walked into the Hong Kong Stock Exchange hall under the escort of security personnel.
The Hong Kong Stock Exchange hall was crowded with people at this time.
Representatives from major institutions, analysts, and investors gathered together, either chatting in groups of three or four, or staring at the electronic screen in front of them, or waiting for the bell ringing ceremony at 9:30.
Under the guidance of the staff, Chen Yansen walked to the VIP seat and sat down, and Cao Dahua followed closely.
Who would have thought that Cao Dahua, who was still hanging around at Xucheng University four years ago, would become a senior executive of a company with a trillion-dollar market value in the blink of an eye.
"boss!"
"Brother Sen!"
Zhou Shouzhi, Yan Peng, Wang Teng and others who arrived earlier saw Chen Yansen coming in, and hurriedly stood up to greet him with smiles on their faces and greeted him warmly.
They know very well that after today, they will be billionaires.
And they know better than anyone who gave them this wealth.
"sit!"
Chen Yansen waved his hand.
Zhou Shouzhi and others sat down, their eyes filled with excitement.
After a while, Zhou Songtao, Chairman of the Hong Kong Stock Exchange, hurried over, accompanied by family representatives from the Huo, Li, Zheng, and He families.
Anyone with a discerning eye can see that this is the Hong Kong business community showing goodwill to Sunlink Capital.
After a few minutes of pleasantries, a staff member quickly stepped forward and quietly reminded everyone, "Mr. Chen, President Zhou, it's almost half past nine."
Chen Yansen adjusted his suit jacket and walked straight onto the stage with Zhou Shouzhi, Yan Peng, Wang Teng and others.
As the host's countdown sounded, Chen Yansen rang the bell hard.
The crisp sound of bells echoed in the hall, marking the official listing of Orange Technology on the Hong Kong Stock Exchange.
In an instant, there was applause and cheers.
As the bell rang, the electronic screens in the Hong Kong Stock Exchange hall suddenly lit up. Orange Technology's stock code and the opening price of "159.4 yuan" were extremely eye-catching, up 7.1% from the issue price of 148.8 yuan, and its market value was infinitely close to 1.6 trillion yuan.
The red numbers jumping on the screen were like a shot of adrenaline, making the entire Hong Kong Stock Exchange hall boil.
Wang Teng pulled Yan Peng's arm, his voice trembling: "The issue price is 148.8, and it can actually rise another 7 points after opening!"
"Boss Teng, calm down! It's only 7 points."
Yan Peng smiled and said.
Although he joined the company later than Wang Teng, he still holds quite a few stocks. Based on the current stock price, they are worth at least 200 million yuan.
(End of this chapter)
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