Later, Xia Capital and Xia Pictures developed steadily, and Jierui Power achieved great success. Xia Yu realized that he could not rely on one thing.
The listing of Xia's Catering will not affect the other three companies. Instead, it will introduce funds to accelerate expansion. At the same time, his net worth will also usher in a wave of (anti-harmony) surge.
This is extremely attractive to Xia Yu. He is already the youngest billionaire, and soon he will be the youngest trillionaire. Going public can save him a lot of time.
Once you have an idea, you have to put it into practice. These days, Xia Yu has been learning about the listing process.
It is difficult to go public in China, with so many established companies waiting in line. In addition to some unspeakable reasons, Xia Yu set his sights on the outside.
Magnesium stocks?
Many large domestic Internet companies are listed on the Hong Kong Stock Exchange. Xia Yu also trades in Hong Kong stocks, but there is no need to list his own company there. In fact, the best choice for catering companies is still the Hong Kong stock market.
The procedures for listing on the Hong Kong stock market are relatively simple, and the catering industry's business is not complicated. The number of mainland catering companies that have successfully listed in Hong Kong has reached double digits, led by Hudi Lao, whose market value exceeded 200 billion in the first half of the year.
This is an old rival. If Xia’s Catering wants to defeat Hudi Lao, it must go public and rely on the power of capital.
Capital is a double-edged sword. If used well, it can kill people with borrowed knife, but if used poorly, you will be sold out. Musk is a good example.
Paypal, such a high-quality company, was sold for only 180 million US dollars. Today, 17 years later, Paypal's market value is over 200 billion US dollars, which has increased more than 1,000 times. You can't make that much even if you are reborn and buy a house!
After this lesson, Musk decided not to take SpaceX public no matter how difficult it was.
Similarly, Xia Yu will not take Jierui Power public, at least until the new business takes off.
The next energy revolution is too far away from him, but leaving the earth is not difficult. Within ten years, he will start some businesses within the solar system, such as the space mining that he has always been thinking about.
All of these require a lot of financial support. After Xia's Catering goes public, Xia Yu can get a large sum of money by cashing out and do what he has always wanted to do.
After spending several days in his private library, Xia Yu sorted out the listing process and also gained a detailed understanding of the current situation of Xia's Catering.
Xia Jia Bao contributed more than 70% of the profits. It has developed into 100 goose intestine hotpot shops and 50 dessert shops, which are profitable. However, its competitiveness cannot compare with that of its "fellow brothers" or similar brands on the market!
These impressive data are also the reason why Xia Yu is confident about the listing.
The potential shown by Xia’s Catering is enough to attract investors, so making money is a matter of course.
On September 27, Xia Yu appeared in the conference room on the 4th floor of the Xintiandi headquarters, surrounded by company executives.
"It's been a while since I've met you all because I've been busy with Jierui Power recently. However, Xia's Catering is the first company I founded, and I'm closely following its development."
Xia Yu spoke slowly and everyone listened attentively. Those who were well-informed already knew what the boss was going to say, but as long as it wasn't said, nothing was settled.
"Now it has reached a critical moment. I have decided to officially start the listing process on October 15th!"
As soon as he finished speaking, thunderous applause broke out in the conference room.
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