KKR, Morgan Stanley and Goldman Sachs Group Securities, as the three underwriters of PENG, held three massive IPO roadshows in Tokyo, Hong Kong and New York, issuing 500 million shares. Investment institutions and wealthy businessmen from all over the world were invited to participate. , they were also invited and sent people to participate in the road show.
They were optimistic about Peng's future and wanted to participate in the IPO. The highest price they set in mind was US$8.4 and a P/E ratio of 20 times. However, no one expected that the lowest issue price set by the three underwriters was US$12.6 and a P/E ratio of 30 times!
It is said that this is the request of Sun Jian, chairman of Peng, who would rather not go public!
Everyone thought that the young Sun Jian was overestimating his abilities and did not understand the rules of the stock market. Listing on the Nasdaq market was not done out of spite, and global investors were not easy to fool. They were waiting to see the joke, but no one thought of it?
The last three underwriters determined the issue price at US$16.8 based on quotes from global investors, with a price-to-earnings ratio of 40 times. The IPO was oversubscribed by 4.6 times, and the 75 million over-subscribed shares were also snapped up.
Shocking!
peng received US$9.3702 million in real money, and a world-class company was born!
Among the richest people in Hong Kong, only the bold Li Zekai bought 10 million shares!
Peng's stock price closed at US$23.88 on the first day, with an intraday maximum increase of more than 42%, and transactions were active.
While the Nasdaq fell another 1% on Friday, Peng closed at $23.88, up $0.3.
If the bold and shrewd Li Zekai had sold according to Friday's closing price, he would have made more than 70 million US dollars in less than a month, a profit of nearly 50%!
Investors who dared to subscribe made big money!
Everyone asked Li Jiacheng, did the second young master throw peng? He just smiled bitterly, a son cannot grow up without his father!
Peng was successfully listed. Sun Jian, who holds 1,158,097,500 shares through Taobao Holding Company, will not be listed for circulation for three years. However, the market value of Peng’s shares is now more than twice Zheng Zhouming’s existing assets, making him the veritable richest man in China. .
In less than a month, Peng went from road show, IPO to listing. At a young age, Sun Jian was promoted to the richest man in China. Everyone was still not used to it.
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The Second World Chinese Entrepreneurs Conference was hosted by the Hong Kong General Chamber of Commerce. Nearly a thousand Chinese businessmen from 84 cities in 22 countries and regions including China, Japan, Thailand, Malaysia, Singapore, Australia, the United States, the United Kingdom and France gathered in Xiangjiang. , to jointly discuss the new trends in world economic development and the role of Chinese businessmen in the current economic trend, and to promote economic and cultural cooperation among Chinese businessmen around the world, and proposed the slogan of the conference "Chinese businessmen spread all over the world, creating prosperity in five continents".
The Second World Chinese Entrepreneurs Conference was hosted by Huo Yidong, President of the Hong Kong-China General Chamber of Commerce.
The honorary consultants attending the opening ceremony of the conference are all internationally renowned Chinese politicians and entrepreneurs, including Wang Gy, Jing Boping, Li Guangyao, Zheng Zhouming, Lin Shaoliang, Lin Minru, Chen Yongyu, Li Chaoji, Li Jiacheng, Zhou Lan, Lin Siqi , Guo Henian and other Chinese politicians and Chinese entrepreneurs.
Guests cut the ribbon for the opening ceremony.
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The World Chinese Entrepreneurs Conference is initiated by the Singapore Chinese Chamber of Commerce. The three major convener organizations of the conference include: Singapore Chinese Chamber of Commerce, Hong Kong Chamber of Commerce, and Thailand Chinese Chamber of Commerce. The secretariat of the conference is served by the above three conveners in turn. , which is carried out every six years and is designed to deal with
All matters related to the conference during the recess of the Chamber of Commerce.
In August 1991, the first World Chinese Entrepreneurs Conference was held in Singapore. More than 800 Chinese businessmen from 30 countries and regions attended the conference. The purpose of the conference is to "connect Chinese businessmen from all over the world and strengthen business development." A delegation from the Federation of Trade Unions led by Sun Huling attended the conference.
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On the 22nd, Singaporean Cabinet Minister Lee Kwong Yew pointed out in his speech at the conference that based on the current flow of immigrants from mainland China, Hong Kong and Taiwan to the United States, Australia, Canada and Europe, it is estimated that within ten years, there will be a large number of Chinese immigrants. There is huge potential for family entrepreneurs and professionals to be connected through major global networks.
The Chinese economy has become an important force that cannot be ignored in the world economy. There are more than 27 million overseas Chinese, distributed in more than 160 countries and regions, and Chinese assets range from 200 billion to 300 billion US dollars.
Li Guangyao pointed out in his speech that in the next ten to twenty years, or even longer, the East Asian economy will grow faster than other countries and regions, and China will be its source of power. If we It would be foolish not to use the Chinese network to expand and capture and seize these opportunities.
The 21st century is the century of Asia and the Pacific, and the development of China will be the most eye-catching event.
The practice of the past ten years has proved that China's reform, opening up and take-off have received strong support from overseas Chinese, and at the same time it has also provided huge opportunities for the growth of Chinese capital.
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According to the agenda, on the second day of the conference, the representatives went to the Pearl River Delta for inspection. The participants had a strong interest in this project. The secretariat of the conference arranged for He Keqin, chairman of the Guangdong Group, to give a special speech on the development of the Pearl River Delta in advance. .
In 1992, six economic indicators of Guangdong Province ranked first in the country, and the Pearl River Delta was the absolute main force in the first place in these six economic indicators. GDP ranked first, with the Pearl River Delta accounting for one-third; total retail sales of goods ranked first. First, the Pearl River Delta accounts for two-thirds; foreign trade exports number one, with the Pearl River Delta accounting for four-fifths; fiscal revenue ranks first, with the Pearl River Delta accounting for seven-tenths; and the number of private enterprise asset investments is number one and number one. The added value of the three industries ranks first.
According to GDP, it took the "Four Little Dragons" in Asia twenty years to achieve economic development, while the Pearl River Delta only took ten years.
The delegates held a cocktail reception and garden party at Ocean Park in the evening.
The reborn persons were at the banquet with Chinese dignitaries and Chinese entrepreneurs such as Singaporean Cabinet Minister Lee Kwong Yew, Governor of British Columbia in Canada Lim Siqi, Chairman of Thailand China H General Chamber of Commerce Cheng Min Ru, Singapore China H General Chamber of Commerce Chairman Chen Yongyu and Malaysia China H General Chamber of Commerce Lim Shao Liang. We toasted frequently and chatted happily.
Everyone also wanted to get to know Sun Jian, and the atmosphere was harmonious, and they all invited Sun Jian to invest and be a guest.
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"Mr. Sun, will the mainland's economic control policy continue next year?"
At the cocktail party, Jin Hongchang, President of Xiangjiang Longhai Group, met Sun Jian through Wang Dongming’s introduction.
Jin Hongchang admires Sun Jian who was born from a grassroots level.
"Mr. Jin, experts predict that the mainland's CPI will be as high as more than 20% this year. I guess there is no hope of any relaxation of regulations next year."
Jin Hongchang is still bargaining for the sale of 35% of the shares of Longhai Securities Company.
"Thank you, Mr. Sun!"
Jin Hongchang's heart sank.
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On Tuesday morning, Sun Jian read the analysis report sent by Li Huabin's team via fax machine at the Mid-Levels Villa.
On the 22nd (Monday), the Nasdaq index opened 5 points lower. Peng opened at $23.58 and opened $0.3 lower. The profit margin was hit and the stock price was hit to $22. Many parties began to take action and pulled the stock price to $22. At $24, the profit margin fell.
The long and short sides were fighting between $22 and $24 throughout the day. In late trading, affected by the market plunge, the short side took advantage and closed at $23.48, down $0.4, with more than 90.7 million shares traded.
Shrinking and falling!
The Nasdaq index closed at 738.14 points, down 13.11 points, or 1.7%, and fell on heavy volume.
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Seeing is worth hearing a hundred times!
On the 23rd, Chinese entrepreneurs from all over the world entered Guangdong Province in three groups; the group entering Yangcheng, Foshan and Shunde focused on visiting the town-run enterprise Guangdong Kelon Electric Co., Ltd. located in Rongqi Town, Shunde County. Co., Ltd., the country's largest township enterprise, has ranked first in the country's refrigerator production and sales for two consecutive years. It is expected to produce and sell 750,000 units this year, with an output value of more than 1.7 billion yuan. Next year, it plans to produce 850,000 refrigerators and 300,000 air conditioners. The output value of the fifth volume reached 3 billion yuan and reached 5 billion yuan in 1997.
