Soon the day of Wanjiang Real Estate's listing arrived, another day of celebration for A-shares.
Because of the precedent of Wujiang Microelectronics going public, Wanjiang Real Estate attracted even more attention when it went public.
Downloads of the "Galaxy Securities" software have surged in the past month, with the number of users exceeding 50 million.
This data is extremely exaggerated at present!
Of course, before Zhao Ye's rebirth, there were over 197 million stock investors and over 720 million mutual fund investors in China. It's only 2003 now, but the internet is much more developed than it was in his previous life. People's incomes have also increased. With higher incomes, more people will inevitably be willing to try stock trading.
Galaxy Financial has recently experienced rapid growth in China, with its various wealth management products being very popular. Its subsidiary, "Galaxy Securities," has even become the number one stock trading software in China.
Galaxy Bank was also able to successfully enter the domestic market and become one of the largest private banks in China. It has branches in first-, second-, and third-tier cities, while its headquarters are located in Hong Kong.
In addition, the insurance business of banking and financial companies is also developing rapidly in China, and they are poised to become the largest insurance company in China!
The reason why Galaxy Financial's various subsidiaries have been able to develop so rapidly is ultimately due to two factors: their own extremely strong strength and their reputation. After all, Galaxy Financial is Zhao Ye's company, and the public trusts Zhao Ye. As a result, Galaxy Financial's various businesses have been favored by countless users.
At 9:30 a.m. on April 25, Wanjiang Real Estate was listed on the stock exchange with a total share capital of 10 billion shares and an issue price of 50 yuan per share.
The "national team" had already purchased 2 billion shares of pre-IPO stock on the eve of the IPO.
All employees of Wanjiang Real Estate own 1.5 billion shares, while another 2 billion shares are available for trading on the stock market.
Wujiang Group currently holds 4.5 billion shares of Wanjiang Real Estate.
Although Wujiang Group's shareholding does not exceed 51%, the "AB share system" still allows Wujiang Group to firmly control Wanjiang Real Estate.
Moreover, through this IPO, Wanjiang Real Estate also obtained huge financing, which will greatly benefit the company's future development.
After Wanjiang Real Estate went public, Zhao Ye, Xu Shengzhe, and several leaders from the Shanghai government watched the large screen on the wall. Wanjiang Real Estate's stock price surged like an antenna, hitting the daily limit within minutes!
*Smack! Smack! Smack!*
A round of enthusiastic applause immediately filled the hall.
Zhao Ye remained calm, having anticipated this outcome. At this moment, the happiest person was none other than Xu Shengzhe, the CEO of Wanjiang Real Estate. The empire he had built with his own hands had finally gone public, and with such tremendous success.
At the same time, his net worth skyrocketed, making him a billionaire!
Zhao Ye was never stingy with his rewarding officials.
Xu Shengzhe has served as the CEO of Wanjiang Real Estate since 1985. Following Zhao Ye's instructions, he took the lead in developing real estate in Japan. Before the bursting of the Japanese real estate bubble, Wanjiang Real Estate, under Xu Shengzhe's leadership, had already developed into the No.1 real estate company in Japan.
"Congratulations to Chairman Zhao and President Xu on the great success of Wanjiang Real Estate's listing!" Secretary Liu, a leader from Shanghai, laughed heartily and congratulated Zhao Ye and Xu Shengzhe.
Zhao Ye and Xu Shengzhe quickly exchanged pleasantries.
"Wanjiang Real Estate Company's success is entirely due to the care and support of its leaders!"
"Yes, the government deserves a lot of credit for Wanjiang Real Estate's success!"
...
Northeast China, Wanda Group.
Wang Jianlin and a group of senior executives of the company are watching Wanjiang Real Estate's live television broadcast.
Seeing that Wanjiang Real Estate's stock price quickly hit the daily limit after its listing, with a total market value of 550 billion RMB, Lao Wang's envy was palpable.
Back when my Wanda Group was raising funds to build real estate projects, we went to countless banks, begging and pleading, almost kneeling down to ask for loans, but it was still very difficult to get them.
In the past year or two, the real estate market has improved, which has allowed Wanda Group to gradually develop and become a well-known real estate company in Northeast China.
“After Wanjiang Real Estate went public, it obtained a large amount of financing. Now, our Wanda Group is in dire need of development funds. Why not follow Wanjiang Real Estate’s example and raise funds through an IPO?” Wang Jianlin said.
There are many ways to raise funds, but an IPO is clearly a good option.
Bank loans require collateral and have relatively high interest rates, which will put a lot of pressure on Wanda Group to repay its loans.
Upon hearing this, Wanda Group's executives unanimously nodded in support. Once Wanda Group went public, their personal wealth would skyrocket, and cashing out a portion of their shares would allow them to achieve financial freedom.
That afternoon, news that Wanda Group was also going public spread quickly within the company and was subsequently reported by some local media.
15-year-old Wang Sicong, unaware that his father is rich, is playing "Primordial World 1: Three Races Battle" in an internet cafe. He looks like a skinny monkey.
Because he didn't have money to spend on in-game purchases, he was thoroughly humiliated in a recent PvP battle, which made him furious and he repeatedly cursed, "You pay-to-win dog, you deserve to die!"
At this moment, Hao Fei, the classmate sitting next to him, seemed to have noticed something and suddenly exclaimed. Then he turned to look at Wang Sicong and asked urgently, "Sicong, you used to say that your dad was a small-time contractor who owned a company called Wanda Real Estate?"
"Hmm," Wang Sicong replied casually. He was still angry about being brutally defeated in the game just now, so he didn't notice his classmate's tone.
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