March 1st is fast approaching, and Wujiang Microelectronics' IPO is scheduled for that very day.
Major global institutions have long been sharpening their knives and making ample preparations.
Lujiazui is Shanghai's financial center. Now, with the upcoming listing of Wujiang Group's subsidiaries on the A-share market, thousands of financial investment companies have flocked to Lujiazui. Rents in Lujiazui started to rise three months ago and have increased by 125.1% so far.
Wujiang Group is so busy collecting rent that their hands are cramping.
...
...
On the morning of March 1st, as dawn broke, the entire city of Shanghai was filled with excitement, with countless people having stayed up all night.
"Wujiang Microelectronics is about to go public. As long as you can buy its stock, you're guaranteed to make a fortune! Experts say Zhao Ye is giving away money and welfare to everyone! I've already downloaded the 'Galaxy Securities' software on my computer, so I can buy stocks directly through 'Galaxy Securities'!" Old Wang said excitedly to his wife, then got out of bed.
His wife was also very excited. The two of them couldn't sleep last night and played cards. When they got tired, they browsed news related to Wujiang Microelectronics online.
Currently, major domestic media outlets and financial experts are saying that Wujiang Microelectronics' stock price will soar, making even more money than the "get rich certificate" in China back in 1992!
Mr. and Mrs. Wang are locals from Shanghai. They regretted missing out on the "get-rich-quick" opportunity years ago. Now that the opportunity has come to them again, they have decided to use most of their savings to buy shares of Wujiang Microelectronics as a family heirloom, and they can also enjoy dividends every year.
Outside the stock exchange, reporters flocked to witness the birth of China's largest listed company.
Zhao Ye and his wife Li Aojun arrived at the stock exchange early to meet with Wang Anshi, Zhang Rujing and other senior executives of the group, preparing for the historic "bell-ringing moment".
At the same time, hundreds of well-known investment companies from home and abroad gathered at the stock exchange to celebrate Wujiang Microelectronics' listing.
"Holy crap! Wujiang Microelectronics went public, and the guests at the ceremony were absolutely incredible! I was completely stunned!!!! BlackRock, Vanguard, State Street, Capital Group, AIG, Fidelity Investments, Morgan Stanley, Goldman Sachs, Merrill Lynch... the presidents of the world's top ten investment firms are all here. This is incredibly impressive; you'd never see anything like this anywhere else!!!"
Kenneth Harold, a senior reporter for Time magazine, was dumbfounded.
To his right, Reuters reporter Cole Edmund explained with a smile, "Wujiang Group is going to list 50 companies. Which investment institution wouldn't be tempted? Simply grabbing shares from the stock market won't satisfy these investment giants. Their purpose here is to directly acquire a portion of Wujiang Group's shares! Even if the price is higher, it's better than fighting for shares on the stock market. In fact, nobody's a fool; everyone knows the share price will rise, yet they're still willing to sell their shares!"
Kenneth Harold nodded in deep agreement. "Yes, Cole, but it's still quite astonishing, isn't it? Wujiang Corporation is truly amazing!!!"
At this moment, hundreds of television stations are broadcasting live.
Wujiang Microelectronics went public today, attracting global attention.
According to incomplete statistics, as the A-share market was about to open, more than 35 million viewers around the world were watching the live television broadcast.
"Oh my God, China's development speed is really too fast. China now has many Fortune 500 companies, and Wujiang Microelectronics is just one of them, but its valuation is over $500 billion! The total market value of the largest listed company in the United States, General Electric, is only $301 billion!!!" In front of the television, an American listened to the introduction of Wujiang Microelectronics by the reporters and experts in front of the television, and his face was full of astonishment.
"Wow~ Lujiazui is incredible! Almost half of the world's top ten skyscrapers are in Lujiazui, and there are so many imaginative and creative buildings. It's so beautiful, so futuristic! It looks even more developed than the United States, and more and more international financial institutions are moving into Lujiazui. Will Lujiazui become the next Wall Street? Will China surpass the United States and become the world's financial center?!" The television was showing the scenery of Lujiazui, and the viewers who were seeing it for the first time were stunned. Many people from Western countries still thought that China was very poor and impoverished. After all, the news they had seen in Western media was mostly about how backward China was.
But reality often proves us wrong.
Lujiazui is filled with towering skyscrapers, majestic and imposing, full of a sense of technology. It looks like a futuristic sci-fi city straight out of a movie.
Just by looking at Lujiazui, one can get a glimpse of just how powerful China is today!
At this moment, many people in front of their televisions couldn't help but feel a sense of awe.
Adam Stone, a British student about to study in China, watched the television broadcast and was immediately struck by the sight. He couldn't help but exclaim, "A great civilization with a five-thousand-year history is truly extraordinary! As early as 1820, China's GDP accounted for one-third of the world's total, far ahead of the rest of the world, exceeding the combined GDP of all of Europe and the United States at that time!!!"
Adam Stone couldn't help but feel excited about his upcoming studies in China.
...
At 9 o'clock, Zhao Ye took the stage to deliver a speech.
"Going public means opportunity, but it also means responsibility."
Zhao Ye stated, "With the opening of the company's stock exchange as a new starting point, Wujiang Microelectronics will strive towards higher and farther goals, repaying its hometown, society, and shareholders with outstanding performance, and making new and greater contributions to the revitalization of China's industrial prowess! In the future, Wujiang Microelectronics will be guided by its own development strategy, continuously enhancing its core competitiveness, developing leading-edge key new chip manufacturing equipment both domestically and internationally, and injecting even stronger power into building the world's top 'Chinese chips'!!!"
After he finished speaking, the entire audience erupted in enthusiastic applause.
Subsequently, Wang Anshi, Zhang Rujing and other senior company executives, as well as Shanghai leaders, also took the stage to deliver speeches.
At 9:25 a.m., accompanied by the ringing of bells that boosted confidence in high-quality economic development, Wujiang Microelectronics Co., Ltd. was officially listed on the Shanghai Stock Exchange, becoming the "first A-share chip manufacturing company"!
At that very moment, the whole country was in an uproar!
(End of this chapter)
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