Chapter 340 She's now worth billions after the IPO, it's terrifying. ...
By 1989, the price of Feiyan Industrial Group stock on the black market had soared to 20 yuan per share, with no market for it. The group was doing well, and very few people were willing to sell their shares.
In November 1990, just before the Shanghai Stock Exchange opened, the price of Feiyan Industrial Group's stock skyrocketed to 50 yuan per share on the black market.
"Fifty yuan a share?! Are they crazy?!"
"Feiyan Group's stock has been selected as one of the first batch of pilot stocks on the Shanghai Stock Exchange!"
"Going public? Will the price continue to rise?"
"Does anyone still have Feiyan Group stock? I'll take as many as you have!"
...
At this moment, many families in the island naval family compound and the Wusongkou naval base family compound were also very excited, especially those whose family members had worked at Feiyan Textile Factory or participated in the Military Spouses' Craft Workshop.
Unexpectedly, they made a fortune from it.
Many of them bought thousands of shares of Feiyan Group stock. At that time, their husbands had high salaries and the family had savings, so they wanted to support Qin Xiangxiang. Many of the female family members of the Navy bought more than a thousand shares, and some even bought tens of thousands of shares.
In the first year of dividends, the female family members tasted the sweetness of success, receiving 300 yuan per thousand shares, only regretting that they hadn't bought more.
Later, the stock price soared on the black market. The couples in the residential compound sold relatively few shares and kept most of them. As a result, the price of one yuan per share turned into fifty yuan per share!
What was once a thousand yuan worth of stocks has grown to fifty thousand! And what was once ten thousand yuan worth of stocks has grown to five hundred thousand!
A number of people at the naval base became incredibly wealthy as a result.
"Qin Xiangxiang, this female relative, is truly remarkable! She's leading everyone to prosperity!"
"I regret it every day and want to slap myself. I bought 1,000 shares, and Xiaohong and her husband bought 10,000 shares. Now our two families have 50,000 shares and 500,000 shares respectively!"
A decision made in a moment of weakness has created such a huge chasm, leaving only regret.
"When the price on the black market rose to ten yuan, I should have bought some like Old Li's family. Now it's risen to fifty yuan, and I still can't buy any."
"Don't even mention it. When the price went up to twenty, my family said we'd buy a few more, but we just couldn't bring ourselves to do it."
"This stock has made everyone rich!"
"Fortunately, our navy has produced Qin Xiangxiang!"
...
On December 19, 1990, at 8:30 a.m., the area outside the Shanghai Stock Exchange was already packed with people. Qin Xiangxiang, Li Qingfeng, Secretary Li and other members of the Feiyan Group were there, along with guests from all walks of life, traders in red vests... The scene was incredibly lively, all waiting for the official opening of the stock exchange.
At exactly nine o'clock, the gongs and drums were sounded.
All personnel entered the trading hall. At this time, the stock exchange still used the most primitive form of trading. On the huge blackboard, the names, codes, and opening reference prices of the first batch of pilot listed stocks were displayed.
Feiyan Industrial Group (stock code 6006XX), opening reference price: 50 yuan per share.
After the market opened, the numbers on the blackboard kept rising as traders scribbled on them.
Because the number of shares was so scarce—only eight—and Feiyan Group was performing exceptionally well among them, countless buy orders ignited the entire trading hall.
"Sixty yuan per share."
"Eighty yuan per share!"
...
"It's broken 100! It's risen to 100 yuan per share!"
Inside the trading hall, Zhu Chonggui clutched his heart, feeling he couldn't take it anymore. Several other elderly professors who also held shares nearby felt unwell and were helped out of the trading hall.
Zhu Chonggui hugged Shen Wenbo and kissed him several times: "I have to thank you for helping me gain Principal Qin's appreciation."
"No need, this is really unnecessary!"
"It's broken 100! One thousand shares have turned into one hundred thousand!"
"This is terrifying! Fifty thousand shares turned into five million!"
...
Within half an hour of the market opening, Feiyan Group's stock reached 200 yuan per share.
The professors sighed that they should go home, saying, "This isn't a place for me to get involved in."
Despite what everyone said, no one left; everyone was incredibly excited.
Within an hour of opening, the stock price of Feiyan Group surged and broke through the "500 yuan" mark per share.
When Qin Xiangxiang saw this number in the trading hall, she felt a sense of absurdity, an unreal absurdity. The price of one yuan per share had just become five hundred yuan per share.
Everyone's face was filled with a kind of fanaticism. There was no way anyone could stay calm in the face of such a scene.
"That deadbeat man is right. Even if the stock price rises to 500 yuan, how many people can hold on until now..."
Aside from her being the factory manager! Her 25% factory management stake, in order to maintain control, cannot be sold to outsiders.
The 50,000 shares that were initially purchased by employees have now become 25 million.
On this very day, with the listing of the stock, everyone became millionaires. It was a miracle, a legend!
Numerous reporters and media outlets, cameras in hand, captured the bustling scene in the trading hall.
Qin Xiangxiang and the others were drinking coffee in the VIP room. The former Secretary Li's hand holding the coffee cup was trembling, and Li Qingfeng, a young man in his twenties, was also clenching his fists, trying to appear calm.
But what I can't get out of my mind is: I've become a millionaire?!
Qin Xiangxiang yawned. At this point, she suddenly felt a little bored. Whether it was fifty yuan per share or five hundred yuan per share, the stock was still just a number on paper.
"I'm a little sleepy, I'll lean back on the sofa and take a nap." With that, Qin Xiangxiang quickly fell asleep.
She actually wanted to go home and sleep, but there was a huge crowd outside, so she couldn't leave.
Besides, with the rise in stock prices, she's now worth billions, which is terrifying.
I'm sleepy, I'll take a nap first.
Secretary Li: "..."
Li Qingfeng: "..."
“Your mother—” Secretary Li’s expression showed the utmost admiration. He whispered, “Your mother’s calm and composed demeanor is the true mark of a great general, a leader’s talent. Over the years, the person I admire most is your mother.”
"Her heart is 'steady'."
Li Qingfeng was silent for a few seconds. He felt that what Secretary Li said was right, but also not quite right.
At 3 p.m., the frenzy of the past few hours came to an end. At the close of trading, Feiyan Group's stock experienced a surge followed by a decline, reaching a high of 500 yuan per share before finally closing at 300 yuan per share.
"The market's closed? Three hundred, it'll be halved after a good night's sleep."
Li Qingfeng: "Mom, this is three hundred yuan."
"The employee shares were originally worth 50,000, but now they've become 15 million... I bet the whole group is celebrating right now."
A stock that was once worth one yuan per share has grown to three hundred yuan per share in three years, a three-hundred-fold increase.
That night, countless people were taking blood pressure medication, and countless people from Feiyan Group couldn't sleep. Even those who had bought 100 shares had now seen their 100 shares turn into 30,000.
As Qin Xiangxiang lay sleeping at night, she said to the man next to her, "You're sleeping next to a wife worth 7.5 billion yuan now, how can you still sleep?"
Li Jianzhi: "Don't you want to sleep? Let's do something else?"
Qin Xiangxiang: "..."
"Counting money?"
"That's so boring, let's do something more interesting."
As it turns out, the couple can sleep soundly even with billions in wealth, but their children can't.
Li Qingfeng: "Your brother is worth tens of millions!!"
"Mom has billions, and you only have tens of millions."
Li Qingfeng: "I'm still young, I still have a long way to go..."
"Brother, buy me a present!"
"Send red envelopes!"
...
The next day, major business newspapers were filled with reports of the frenzied scenes at the stock exchange. On its first day of listing, Feiyan Group's stock price soared to 300 yuan per share, and even reached a high of 500 yuan during the day...
"Qin Xiangxiang, chairwoman of Feiyan Industrial Group, is one of the richest women in China, with a net worth of billions!"
...
Lin Xiuqin stared at the business newspaper in her hand, feeling a wave of dizziness wash over her. In the years since graduation, she had caught some of the winds of reform and opening up, but—
"Seventy-five billion!"
This Qin Xiangxiang is terrifying.
If only I had known from the beginning, I should have clung to Qin Xiangxiang's coattails, or even infiltrated Feiyan Textile Factory. Now, even that super-stunning Gao Rong has been carried by the big boss and become a multi-millionaire.
Gao Rong is now a veteran of the Feiyan factory, having bought 50,000 shares of Feiyan Group stock back then.
As stock prices rise, you can earn dividends effortlessly every year.
In the end, besides Lin Xiuqin, Xiao Ye and her sister Xiao Zhier and her husband also regretted it. After that night, they also became millionaires.
"Why not go to Feiyan Textile Factory? What am I arguing about?"
...
After the initial frenzy following its listing, Feiyan Industrial Group's stock price gradually declined and has remained stable at around 200 yuan for a long time.
Nevertheless, many people have achieved a leap in wealth through Feiyan Group's stock.
Feiyan Industrial Group is particularly known for its "little rich women". Feiyan Group started as a textile factory, and most of its employees are female textile workers. These women have an emotional attachment to the factory, so they buy a lot of stock and make a fortune.
In 1992, with the development of Pudong, the Shangpu Textile Factory (Feiyan No. 2 Factory), an old textile factory built during the Republic of China era, located in the Lujiazui area, was included in the core demolition area.
During the demolition, an exorbitant compensation was given, which was used to resettle the old textile factory's employees and compensate for the factory's land, buildings, and equipment. In addition, a larger piece of industrial land was approved for Feiyan Group in the Pudong New Industrial Zone for the construction of a new factory base.
In addition, Feiyan Industrial Group has been granted priority in selecting a commercial land plot in the Lujiazui area for the construction of its headquarters building.
"'Priority' quota? It just means paying for land and building houses..."
Li Jianzhi ate the warm, savory glutinous rice balls with lard: "Don't pretend to be innocent after getting a good deal."
"Wait another ten years or so, until skyscrapers rise up in Lujiazui, then you can take your grandchildren and say, 'This land used to be Grandma's textile factory. Grandma secretly read "A Pair of Embroidered Shoes" in the factory and was so scared that she couldn't sleep at night...'"
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