"I really don't like money."
"I am working so hard to make money because I want to improve the living standards of my brothers."
"It's true. Look, Huanyu Technologies now has more than 100 billionaires."
As Chen Yu's wealth increases, Chen Yu's "I don't like money" comment becomes a classic joke.
Many people and media will make fun of Chen Yu from time to time.
Sometimes, Chen Yu has to explain himself.
But the more he explains, the worse it gets.
In the end, Chen Yu decided to ignore it and spend more time on the NYSE.
What Chen Yu wants the most is to be listed on the NYSE.
Of course, Chen Yu does not want to make a lot of money by being listed on the NYSE.
But he wants to make as much money as possible.
Chen Yu wants to be listed on the NYSE and make Huanyu Technologies famous.
Just like Apple.
Why is Apple number one in the world?
Other than the smartphone he created in his previous life, the biggest driving force for his brand is market value.
Apple's market value is more than 2.3 trillion USD. It is equivalent to a country's annual GDP.
Also, this country must be one of the top ten countries in the world.
"Brother Jian, how is our roadshow going?"
"Very good."
"How much do the underwriters estimate our market value?"
"180 billion USD."
"That's a good estimate."
Huanyu Technologies is listed on the NYSE as Huanyu Group. It includes Wechat, Huanyu Video, and Weibo.
Wechat is equivalent to Facebook in Chen Yu's previous life, and Facebook's market value is more than 700 billion USD.
But this is 2006, and Wechat's market value is not that high.
Also, it is 2006, and Wechat is not as popular as Chen Yu's previous life.
Similarly, Huanyu Video and Weibo's market value is not that high.
After all, Microsoft's market value is only about 380 billion USD.
In Chen Yu's previous life, Alibaba's market value was only about 200 billion USD when it was listed in the US in 2014.
As for why the market value of several major companies listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange had exceeded 1.8 trillion yuan, which was equivalent to 200 billion USD. In fact, this was also due to the environment at that time. At this time, 2006 was the biggest bull market in China's A-share market. The Shanghai Stock Exchange rose from 999 points to more than 6000 points. This provided a huge boost to the market value of Huanyu Technologies.
However, even if it was 180 billion USD, it was still the largest IPO in NYSE history.
However, just as Chen Yu was planning when to go to the United States, Zhao Danyang anxiously called Chen Yu.
"Boss Chen, did something happen?"
"Did something happen?"
Chen Yu raised his eyebrows. "What is it?"
After Zhao Danyang was in charge of the domestic listing, Chen Yu sent Zhao Danyang to the United States first.
It was noon in China, so it was late at night in the United States.
Something big must have happened since Zhao Danyang called him in the middle of the night.
"The American Xiangyuan Hedge Fund published a report to short Huanyu Technologies."
"It's just a short report. When we were listed in China, some institutions were not very optimistic about Huanyu Technologies."
"Boss Chen, the United States market is different from China. The development of the domestic stock market is not very mature. Currently, there are only a few types of securities in the stock market. However, in the United States, other than buying shares, they can also buy short options on Huanyu Technologies. Xiangyuan Hedge Fund is a very famous hedge fund. As long as they target a company, the stock price is very likely to be halved. "
With that said, Chen Yu understood.
In China, one could only buy stocks that would rise and not fall.
In other words, if the stock rose, one would make money. If it fell, one would lose money.
Even if one knew that the stock was going to fall, one could not buy it.
However, it was different in the United States.
If they thought that your stock was going to fall, they could buy a large amount of short options.
Moreover, because the United States had a margin based system, they could also greatly increase the leverage.
It turned out that with a bonus of 100 million USD, they could directly reach 10 billion USD through 100 times the leverage.
Of course, the risk was also proportional.
"What do you think?"
"What I mean is, can we discuss with some of our investment institutions to hold our stock for a period of time?"
"There are some possibilities. However, some of them might not listen to us."
Chen Yu shook his head.
Huanyu Video had a lot of institutional investors on their friend sites.
Chen Yu deliberately bound these institutional investors together. However, many of them were preparing to go public to get money and leave.
This was the main view of many investment companies.
Once the company's stock was listed, they could sell it and generate huge profits.
Although they could still keep some shares, if they did not have great expectations for the company, they would generally not do so.
Chen Yu could keep some institutional investors, but he could not do anything about the others.
Of course.
If it was under normal circumstances, it would not be a problem for them to sell.
However, when a well-known hedge fund's short report came out, Huanyu Group's stock price might really drop.
"Then we can only use another method."
"What method?"
"We can buy back the stock ourselves."
"F * ck …"
Chen Yu also rejected this method.
Buying back the stock seemed easy. However, one had to look at the market value of Huanyu Group on the New York Stock Exchange.
According to the market value of 180 billion USD, even if he bought back 10% of the stock, it would be 18 billion USD.
18 billion USD, converted into RMB, would be about 150 billion RMB.
Although Chen Yu's identity was more than 1 billion RMB, that was all stocks, not real money.
Unless he sold all these stocks.
But then again, even if they were to sell it, who would be able to afford such a large amount of shares?
Of course, there was another way, which was to use Huanyu Group's own cash flow.
If he really wanted to go all out, Chen Yu could really produce 150 billion RMB.
However, if he took out all the funds, Huanyu Technologies would not need to develop other businesses.
This was even more disadvantageous for the company.
In addition, going public was for financing. He wanted to borrow money from everyone.
Buying back the stock as soon as he went public, what was this?
Did this mean that he was rich?
"Is there any other way?"
"This … Boss Chen, I haven't thought of anything yet."
"Okay, I got it."
Zhao Danyang's call also made Chen Yu nervous.
"Boss Chen, this is big trouble."
When he heard Chen Yu talk about the situation in the US, Zhang Jianming knew that he had encountered a difficult problem.
"I know about Xiangyuan Hedge Fund. During the global internet bubble in 2000, because of their short selling report, many internet companies collapsed. Of course, this was not entirely due to them. There was indeed a global internet bubble at that time. "
Halfway through his sentence, Zhang Jianming saw that Chen Yu was silent and said, "Boss Chen, actually, our business in the US is developing very well. Our cash flow is not bad, so we don't have to worry about our stock price. As long as our business in the US continues to develop, our stock price will definitely rise in a few years. "
This was obviously to comfort Chen Yu.
If they did not care about the stock price, what was the point of going public?
Since they chose to go public on the NYSE, they had to make a name for themselves.
If they were shorted as soon as they went public, it would be a slap in the face.
"Boss Chen, let me contact Wang Chang."
Seeing that Chen Yu's expression was not good, Zhang Jianming was about to call Wang Chang. Update:
At the other end of the phone:
Wang Chang had been in the US for the past few years, so she knew the situation in the US the best.
"Don't call."
Chen Yu waved his hand and said, "It's the middle of the night, Wang Chang is already asleep."
"Also, Wang Chang doesn't have much experience in this kind of financial operation."
"Well, we can't just sit back and watch them empty us, right?"
"Let me think."
Chen Yu rubbed his chin and thought.
After a while, Chen Yu's eyes lit up and he made a decision. "F * ck, if these guys want to short us, then I'll go all out and wipe them out."
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