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Chapter 569 Detonating A-shares

 September 5, 2005, Shenzhen Stock Exchange.

Wang Xiang, Wen Qi, Wu Jun and others gathered together.

In addition to the executives of Changtian Technology and its subsidiaries, relevant managers from Jiangzhou and Shenzhen, as well as various partners of Changtian Technology are also here.

Everyone will witness this moment!

The listing of Yuedong Internet has attracted great attention from the technology and financial industries.

There are actually not many unicorn companies like Yuedong Internet in Xia Guo.

The new era of Baidu, Penguin, the older batch of Xinlang, Swish Fox, etc. are all companies of this type.

But without exception, these companies choose to be listed outside the mainland, such as Nasdaq or Xiangjiang City in the United States.

Because most of these companies want to harvest overseas leeks, the purpose of formula listing is to harvest leeks, and profit is relatively secondary.

The choice of Yuedong Internet to be listed on the Shanghai Stock Exchange is to allow domestic investors to invest in Xia Guo's technology industry, and to provide investors with the maximum return while raising social funds.

This time Yuedong Internet went public, and the entire event was broadcast live on Jiangzhou TV Station.

Although Changtian Technology has moved its headquarters and research institutions to Changzezhou or Shanghai, most of its industries are still in Jiangzhou, including Yuedong Internet.

Yuedong Internet is one of the few listed companies in Jiangzhou that can be listed on the market. The whole Jiangzhou is proud of it, so Jiangzhou TV station will report the whole process live.

Chen Xiao was sitting in the office, watching the live broadcast on the TV station. Now the company should have several multi-millionaires and millionaires.

Before the IPO, Changtian Technology owned 72.5% of the shares (20% of the shares were in the option pool), Baidu owned 12.75% of the shares, and IDG owned 14.75%. In the used option pool, company executives

Wang Xiang holds 5% of the shares, Zhou Linghua 3.5%, Sun Dong 2%, Gao Miao 1%, and the remaining 1% is held by outstanding employees of the company.

After the IPO, due to the issuance of additional shares, Changtian Technology owns 1.31818 billion shares, accounting for approximately 65.91% (including the option pool), Baidu owns 231.818 million shares (accounting for approximately 11%), and IDG owns 268.1818 million shares.

shares (accounting for approximately 13.09%). In the used option pool, Wang Xiang holds 90 million shares (accounting for approximately 4.54% of the shares)... Sun Dong holds 36.36 million shares (accounting for approximately 1.818% of the shares), and Gao Miao

It holds 18.18 million shares (accounting for about 0.91% of the shares), and other senior executives and talents of Changtian Technology also hold a total of 18.18 million shares (accounting for about 0.91% of the shares).

The equity of the original shareholders will be diluted to a certain extent after listing, but as the market value of the stock increases, the value of the stocks held will continue to rise.

Even if the current listing price of Yuedong Internet is 5.43 yuan, Wang Xiang’s shares are worth 480 million, Sun Dong and Zhou Linghua’s shares are worth hundreds of millions, and Gao Miao’s shares are worth more than 97 million, becoming a veritable company.

Local tycoon.

This can be regarded as a person achieving enlightenment and ascending to heaven.

However, Chen Xiao feels that because his team has followed him for so many years, they have earned more rewards.

Why do so many entrepreneurial companies try to make their PPTs more beautiful, attract three rounds of financing, and then try to IPO?

Because only after the IPO can the team of a startup company exchange the stocks in their hands for a large amount of cash.

For many entrepreneurial teams, they do not make money by producing and designing products, but they make money by making a big pie for investors after the concept is launched.

When many companies go public, the entrepreneurial team leaves.

In the past, as soon as a company's stocks were listed, executives would immediately reduce their holdings, sell stocks, cash out frantically, and cut off the shares of shareholders.

As for the company's future profitability, this is not within the scope of the entrepreneurial team's consideration.

Therefore, in order to avoid the original shareholders from frantically reducing their holdings and cashing out when the company is listed.

Xia Guoxiang The Securities Regulatory Commission and relevant departments have also stipulated that during a certain period before and after the stock is listed, shareholders' original stocks are frozen and cannot reduce their holdings.

This is why, when many stocks can be lifted after the shareholder freeze period has expired, the stock prices first rise (to facilitate shareholders to ship) and then continue to fall, cutting leeks.

However, Changtian Technology has made detailed regulations on executive shareholdings and option pool stocks.

Currently, all the original shareholders of Changtian Technology hold non-tradable shares.

Non-tradable shares will slowly be lifted and listed over time, which is a necessary means for the company to obtain more funds.

Even if non-tradable shares cannot be listed, equity can still be sold through auctions and other methods.

However, Changtian Technology stipulates that if all senior executives and employees of Changtian Technology want to sell their equity to non-company employees, they must obtain the company's review and approval before they can buy or sell.

In this way, Changtian Technology can avoid the equity falling to people with ulterior motives.

Under this policy, employees of Changtian Technology can work for the company with peace of mind and enjoy the dividends brought by capital.

For example, Wang Xiang, if he plans to retire after success, he can sell his stocks to the company or its employees, and to other investors or institutions under permitted conditions. At that time, Wang Xiang held hundreds of millions of yuan.

With the funds, whether you want to enjoy the rest of your life or go out to start a business and invest on your own, there is no problem at all.

Another example is Song Yi, who also received 100,000 shares of Yuedong Internet, with a total value of more than 500,000.

But Song Yi must be full of confidence in the company. As long as the stock price skyrockets, Song Yi's 100,000 shares are not a small sum.

Where is Chen Xiao?

Changtian Technology is a private enterprise, not a state-owned enterprise, nor a local enterprise, so Chen Xiao has absolute controlling interest in Changtian Technology.

If you want to cash out, you can do so at any time.

But after being reborn for so many years, it would be meaningless if it was just to make money.

Shenzhen Stock Exchange, Shenzhen Stock Exchange.

Under the cheers of the guests, Wang Xiang hit the bell with a gavel wrapped in red brocade, and prayed in his heart that all the financing would go smoothly.

The time is nine o'clock sharp.

Wang Xiang, on behalf of Changtian Technology, and Sun Dong, on behalf of Yuedong Internet, delivered speeches respectively.

At this time, investors are on the exchange or in front of the computer, waiting hard for the moment of listing.

In Chengdu, Wang Wei, a white-collar worker, was sitting in front of the company's computer, absent-minded.

He was very lucky and won the new stock lottery of Yuedong Internet with 2,000 shares of Yuedong Internet.

Wang Wei was very excited when he learned that the stock was going to be listed today.

Wang Wei's monthly salary was only 1,500 yuan. This time he was trading stocks behind his wife's back. After successfully trading, he had already paid more than 10,000 yuan in stock payment.

If the new stock market drops sharply at the opening, almost all of Wang Wei's savings for more than a year will be wiped out.

Although the owner of Yuedong Internet is Changtian Technology and its quality is very good, the A-shares are like a leek field, with one crop after another. Wang Wei is personally afraid of being cut off.

So Wang Wei stared at the big screen, and if something went wrong, he would sell everything immediately.

Opening on time at 9:30 in the morning.

As expected, something unexpected happened.

Under the attention of the financial circles across the country and even the world, Yuedong Internet opened at 5.43 and stretched in a straight line. In an instant, the stock price soared to more than 20 yuan, a full increase of almost four times (in 2005, in the parallel world, Xia Guo's new stock was listed on the day of its listing, without any lower limit.

limit).

Wang Wei's eyes turned red because he saw that the profit from his stock had soared to more than 35,000 yuan!

This is equivalent to almost two years of savings for Wang Wei and his family!

With this money, I can travel abroad, and my son’s college tuition and living expenses are more than enough.

Wang Wei's hands were trembling as he was engaged in a fierce ideological struggle.

Is this for sale or not?

What should I do if I sell it and it continues to rise?

Behind Yuedong Internet is Changtian Technology. Changtian Technology is very good in terms of scientific innovation and profitability. No private company in Xia State can compare with it.

Hold firmly!

Wang Wei's body trembled and he was determined not to sell stocks!

At the same time, among retail investors across the country, some are staring at computers at home, while older ones are at the business offices of major securities firms. The stock that attracts the most attention today is of course Yuedong Internet.

In the Shanghai stock market, Cao Fei (Lao Liancai), a veteran stock investor, keeps watching the stock market at home.

According to his old investor's understanding of stocks, it is very scary for a new stock to quadruple on the first day of its listing, and it has almost reached its peak. No matter how good the quality of Yuedong Internet is, it is good to double the stock price, because it is so big.

Some new stocks can rise by up to 30% to 40% on the day they are listed.

Cao Fei's luck is not as good as Wang Wei's. He did not win any new shares, but he bought them from securities companies at a premium in the stock market.

(In Xia Guo in the parallel world, when new shares were issued in 2005, most of the shares were bought by intermediaries and securities companies, and a small number were obtained by ordinary retail investors through winning lots. In order to earn a certain amount of money, securities companies

Profits, so before the stock is listed, the new shares allocated to him can be sold to retail investors at a premium. Cao Fei bought it in this way.)

Cao Fei bought 10,000 shares for 6.87 cents, and the total capital cost excluding handling fees was 68,700 yuan.

So when I saw Yuedong Internet fluctuating around 20 yuan, according to the judgment of Cao Fei, a professional veteran stockholder (Lao Liancai), if it is higher than the market for a long time, it will fall. If it has been consolidating around 20 yuan, it means that the follow-up is weak and the volume is insufficient.

It must fall down.

Wang Wei chose not to sell stocks, but Cao Fei chose to sell them immediately.

He quickly sold all 10,000 shares at a price of about 19.8 yuan.

This time, Cao Fei was happy. He made nearly 130,000 yuan from 10,000 shares. Cao Fei did not have to trade stocks for the whole year this year and could live a good life.

But at this moment, the market was changing rapidly.

The stock price of Yuedong Internet quickly exceeded the highest price of 20 yuan and 50 cents that day, and rushed directly to 25 yuan. Looking at the energy chart, the buyer's power is very strong, and the volume ratio is very powerful! The top of the time-sharing KDJ is passivated, and the time-sharing KDJ top is passivated, and the share price is very high.

The time-sharing Bollinger Band runs along the upper track standard! Time-sharing MACD golden cross!

Great picture!

Cao Fei's heart jumped!

This proves that the entire market is quite optimistic about sports Internet, and 20 yuan may not be the end, but the starting point.

Cao Fei, an old stock investor, was uneasy at this moment. He thought that if he didn't sell when the price was just over 19 yuan, and when the stock rose to 25 yuan, wouldn't he earn an extra 50,000 yuan from 10,000 shares?

Now it seems that 25 yuan is just the beginning.

There were some people who were anxious, but Cao Fei couldn't calm down now.

He had forgotten all the mantras and secrets of stock trading, such as that high prices will fall for a long time, low prices will rise for a long time, and that if there is volume, there will be price, and if there is price, there will be volume.

He bought Yuedong Internet with the total of 200,000 yuan in principal and profit. Not willing to give in, he spent all the remaining 100,000 yuan on it!

The buying price is 25 yuan!

Stud!

Stud!

Full warehouse stud is a kind of wisdom!

Cao Fei was very proud of his masterpiece just now.

Sure enough, Yuedong Internet continued to soar, rising directly to 31 yuan. The stock price increased by more than 5 times and nearly 6 times from the opening price.

Cao Fei was secretly happy! The principal of more than 300,000 yuan he just bought turned into more than 370,000 yuan in an instant.

This may be what it feels like to get rich overnight.

However, something terrible finally happened.

When the stock price reached more than 30 yuan, Yuedong Internet suddenly faced a large amount of selling.

It plummeted from 31 yuan to more than 20 yuan, then to more than 10 yuan, and finally to more than 8 yuan.

Yuedong Internet left a long upper shadow line, and all indicators were deformed!

In time-sharing graphics, this terrible upper line has a professional term in the leek community, and it also means death.

Cao Fei was completely frightened.

This time, not only did he lose all his profits, he also suffered a serious loss of principal.

Cao Fei regretted it so much and thought, it would have been better if he had not been impulsive just now.

Unless he decides to cut the meat and clear out the stock every morning, no matter what the situation is.

When Wang Wei saw that the stock price dropped from more than 20 yuan to more than 8 yuan, he was so frightened that he peed.

People are afraid of greed!

Will it fall again?

Wang Wei quickly sold all the stocks in his hands and made less than 30% in the end.

Seeing such profits, Wang Wei was still satisfied.

But old leek Cao Fei and new leek Wang Wei don't know that at this moment, the international financial market is staring at this piece of fat.

Moody's in the United States even gave Yuedong Internet a target price of more than 100 yuan in about two years, and a market value of more than 100 billion RMB is a normal evaluation.

The speculators in the international financial market are trying their best to take this piece of fat out of the mouth of the leek in the pot.

Finally, at 3:00, the closing price of Yuedong Internet was 9 yuan 1 cent, an increase of about 70%.

This day is a carnival in the financial market. Last night, many brokerage companies issued research reports on Yuedong Internet.

Everyone is unanimously optimistic about it.

"Securities News": Yuedong Internet is backed by Changtian Technology and relies on Changtian Technology's hardware equipment to develop the Internet ecological chain in depth. It has high sustainability and is rated as a buy with a target price of 20 yuan.

"Huafeng Securities": Actively buy with a short-term target price of 25 yuan.

After Wang Wei and Cao Fei saw such news, they dismissed it.

Wang Wei: "Haha, you lied to me again to pick up the order tomorrow. We are not leeks."

Cao Fei: "Definitely sell tomorrow."

Chen Xiao is not very concerned about the stock price of Yuedong Internet, because as soon as Yuedong Internet is listed, he has already obtained financing, and this part of the financing will be immediately used for the research and development and production of chip equipment.

As for whether the stock price is high or low, it doesn't matter. Chen Xiao personally doesn't trade in stocks.

Having been born in two generations, Chen Xiao knows deeply that ordinary users will always be leeks when it comes to the A-share market. The only difference is old leeks and new leeks, and of course there are leeks!

Of course, if users insist on value investing and hold Yuedong Internet stocks, a subsidiary of Changtian Technology, for a long time, they will definitely be able to make money.

But in the Xiaguo market, you ask everyone to stick to value investing, are you kidding me?

Damn it "The Rose of Time"!

Soon the capital market taught Xia Guo's investors a profound lesson.

Yuedong Internet fell 5% as soon as the market opened on the second day.

The stockholders were so frightened that they sold one after another. Many of them took orders from the high price of more than 10 yuan and 20 yuan yesterday, and today they only sold at a loss.

Who knew that after a short period of market reshuffle, Yuedong Internet reached its daily limit (new stocks resumed the 10% price limit on the second day).

In the following two weeks, Yuedong Internet continued to rise by the daily limit, and the stock price reached 24 yuan. There was no way for Leek to get on the bus.

And many securities companies and foreign institutions have made a lot of money.


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