Now that she was awake, it would be inappropriate to lie down again. Yin Suya planned to leave with Xia Yu.
Half an hour later, the two got on a car to the Hong Kong Stock Exchange and arrived at the scene ahead of time. The reporters had not arrived yet, and the people present were mainly staff from Xia's Catering and the Hong Kong Stock Exchange.
Both parties are making final preparations before going public, and today is the only day that their company will go public.
"Mr. Xia, this is Chairman Shi Meilun."
Xue Ping introduced Xia Yu to the senior management of the Hong Kong Stock Exchange. He had already become familiar to them by taking the lead.
"Hello, Chairman Shi!"
Xia Yu took the initiative to extend his hand. He had heard of this Iron Lady before, but this was the first time he met her today.
"Hello, Mr. Xia, heroes emerge from youth. You must be the youngest chairman of a listed company on the Hong Kong Stock Exchange, and this is just one of your companies."
Shi Meilun held Xia Yu's hand and said that she had also heard of this young rich man.
"These are nothing. Investors are more willing to believe in the company's performance rather than my age."
Xia Yu is as humble as ever. After all, applause and flowers are just accompaniment. You have to have something to show for it in order to win the market and gain the confidence of investors.
Xia's Catering's IPO was priced at HK$15.8 per share. The public offering portion was oversubscribed by about 3.5 times, with approximately 11,000 applications, raising a maximum of HK$6.556 billion.
This amount of money is only more than half of the funds he received yesterday, but it is the beginning of the surge in the market value of Xia’s Catering. After the lock-up period is over in a year, Xia Yu can further reduce his holdings and cash out.
There is no dynasty that will last forever in the world, nor is there a company that will never go bankrupt and will always make money. The best thing to do to suit one's own interests is to sell the company at a good price when the stock price is high.
Before a company goes public, it is important to ensure that you have more than 51% of the shares. However, after the company goes public, as long as you establish a unequal voting rights charter or a limited partnership equity structure, holding fewer shares will not affect your control over the company.
Like Penguin, Pony Ma only holds 8.6% of the shares. The largest shareholder is Millard Holdings, a wholly-owned subsidiary of South African media group Naspers. Millard only distributes dividends and does not participate in the company's daily operations.
Xia Yu's plan is to reduce his stake in Xia's Catering to about 10% within five years, and the large amount of funds obtained will be used to invest in other areas.
Daily expenses are still deducted from the signed salary, and all the earnings are invested.
Next, Xia Yu and Shi Meilun talked about many finance-related topics, and time quietly came to half past eight.
"Mr. Xia, I won't bother you anymore. I wish you a good result today."
"I'll give you my good wishes."
Xia Yu said politely, to be honest he was a little nervous now.
It is certain that the stock will rise after listing, but how much is unknown. There is no daily limit for Hong Kong stocks, so how much it rises is a matter of skill, but there is a rough range.
Take the Hong Kong stock market in 2017 as an example. The average first-day increase of new stocks listed through IPO that year was 17.39%, and the highest increase was 173.97%, and no one exceeded 200%.
The listing performance of catering companies tends to be conservative. Hudi Lao saw a 10% increase after its listing, but it almost fell below the issue price at the closing, which no one expected.
What about Xia’s Catering?
They are all catering companies, but unlike Hudilao, Xia's Catering owns multiple high-quality brands and several major production bases. It is not inferior in the number of stores and the profit of each store.
Once it goes public, it will definitely face off against Hudi Lao, so the first step is to beat the other party in terms of listing performance.
As time passed, the hall gradually became noisy. Many media came to the scene. Xia Yu was the best gimmick. In addition, this was his first listed company, so the news value was extremely high. He had to seize the opportunity.
Soon, the host began to speak and then invited Xia Yu to the stage.
With so much experience, this kind of scene was just a small matter and he didn't even need to prepare a script. He just thanked a large group of people without thinking, and then the employees who rang the bell together also went on stage.
Among them are Manager Jin, Xue Ping, and Master Tan.
Xia Yu started his business with Xia Ji. When drinking water, one should not forget the people who dug the water. Master Tan also has a share of the company's options.
Yin Suya did not go up. After all, she had nothing to do with Xia’s Catering. When Xia’s Pictures went public, it would be her time to shine.
However, looking at Xia Yu on the stage, Yin Suya was still very excited.
Look, look, that's her man.
"Okay, let's start the exciting countdown."
The countdown started on the screen, and Xia Yu also picked up the hammer.
Although it is called ringing the bell, the Hong Kong Stock Exchange actually rings the bell in the form of ringing a gong. A large bronze gong is placed upright at the side of Xia Yu's hand, and the stand on which the gong is hung is marked with Xia's Catering and its stock number.
Looking at the countdown about to reach zero, Xia Yu was ready.
"Five, four, three, two, one, zero!"
"Duang~~"
With a loud bang and the sound of gongs, Xia's Catering was officially listed at a price of HK$15.8 per share, appearing on the trading platform with more than 2,400 other companies.
There was warm applause at the scene. Xia Yu's mood at the moment was difficult to describe in words. He did not waste these three years. He built the company from a restaurant to a listed company. He deserved his title of super rich.
The shares circulating in the market began to be bought and sold continuously, and the original price of 15.8 Hong Kong dollars was continuously pushed up, gradually rising to 16.8 and 18.8.
"Boss, look, it's gone up to 20."
As soon as everyone got off the stage, someone came over with a cell phone.
Xia Yu took a look and saw that the price had indeed risen to 20 yuan per share, which was a 26.6% increase.
My dear, there is more to this chapter. Please click on the next page to continue reading. It will be even more exciting later!
Continue read on readnovelmtl.com
