“I read from the information that Yimin Net Financial was established less than two years ago.
In just 21 months, a NASDAQ-listed company was created.
My God, this is an amazing miracle.
I really want to visit China, a magical land."
I don’t know if Goldman Sachs did any favors for Anna, but the flattery was so overwhelming.
"That's very welcome!
When Miss Anna arrives in China, she must go to Zhongguancun, the capital city, to see China's "Silicon Valley" where entrepreneurship is in full swing."
Zhang Yida did not forget the well digger when he was in trouble, and sent a wave of advertisements to "Zhongguancun".
Anna flipped through the interview script and went to the next question, asking:
"Mr. Zhang Yida, the Capital University you are currently studying at is said to be the top university in China.
Only 140 people are admitted in your hometown of Sichuan and Shu province every year, while the competitors are 560,000...
An admission rate of one to four thousand!
Did your family provide you with an elite education since you were a child?"
"No, I went to public schools from kindergarten to high school.
My family is not rich, just an ordinary family. Neither of my parents went to college, and they opened a small processing factory..."
Entrepreneurs must adhere to the personality of an "ordinary family", and Zhang Yida is no exception.
If the rich second generation starts a business and succeeds, no one will praise them.
I'm sorry if I failed, but everyone doesn't mind stepping on me.
"Mr. Zhang Yida also has a shared bicycle company called Huimin Bicycle, which has settled in more than 100 cities in China and has put 1.7 million bicycles in cities for people to ride."
Anna first introduced Huimin Bicycle and then asked:
"Huimin Bicycle has now entered Singapore. Will it enter the United States in the future?"
"Of course, we are already planning this.
My goal is to make most countries around the world fall in love with this green mode of travel and reduce carbon emissions and air pollution..."
Zhang Yida spoke righteously and instantly transformed into an environmental warrior.
"In addition to being an environmental fighter, Mr. Zhang Yida is also an animal activist.
He has a pet e-commerce company called Pate.com, which provides online shopping for pet products, pet medical care, pet care, pet social interaction, and many other services.
Pate.com donates part of its supplies to animal protection organizations and stray animal shelter organizations every year..."
The two talked about Pate.com, and Zhang Yida continued:
"In addition to what Miss Anna mentioned above, Pate.com has also established pet care organizations in various cities in China and recruited a large number of volunteers.
The concept that Pate.com has always promoted is: respect every life and be kind to animals.
Although the road ahead is difficult, Petnet will continue to adhere to this concept and call on more people to join us..."
Petnet is definitely one of the most caring animal protection organizations in China. We often see caring volunteers wearing vests with the "Petnet Logo" feeding stray cats and dogs in China.
Then this touching scene was uploaded to major websites by people "accidentally passing by", and then the sales of dog food and cat food became better and better...
"Passionate about public welfare and lending to help the poor. This is also a label of Mr. Zhang Yida.
Huinong Loan Company, owned by Mr. Zhang Yida, has issued hundreds of millions of dollars in low-interest business loans to poor families in remote mountainous areas of China.
The loan recipients are all farmers, herdsmen, and handicraft practitioners.
After they get the loans, they use them to purchase production materials, expand their operations, and get rid of poverty.
This micro-loan model can be traced back to Nobel Peace Prize winner Professor Yunus of Bangladesh’s Grameen Bank.
At present, the loans have benefited 50,000 households..."
"This kind of entrepreneurial loan can help stimulate a person's ambition.
Poor people are sometimes not only economically poor, but also spiritually poor.
Through this kind of business loan, it can help a person regain a sense of accomplishment and regain confidence in life."
Zhang Yida talked eloquently to Anna and began to explain to her the secrets of this model.
"I feel like this model is better than the 'dole' model in our country.
"Spiritual poverty, this sentence has a philosophical meaning."
Zhang Yida didn't answer, just smiled. It's not convenient for him, a foreigner, to comment on the relief fund model.
He was talking nonsense, but the black guys and some white homeless guys didn't tear him apart.
"Okay, today's interview ends here.
I wish Mr. Zhang a complete success on his IPO journey."
The show ended here. Zhang Yida declined Anna's request to "have dinner together" and turned around and left the New York TV station.
Anna looked at his leaving figure with resentment, and thought to herself: What a perfect oriental man! He just has a bit of an inexplicable charm.
After the interview program was broadcast, Zhang Yida's popularity in the United States has greatly increased. Many Americans know that China has produced such a 20-year-old entrepreneurial hero.
At the same time, Zhang Yida has also gained a large number of fans, mainly from the three major groups of "environmentalists", "philanthropists" and "animal protectionists".
If you add someone who is not anti-gay and has dark skin, then your "political correctness" skills will be fully maxed out.
…
The second stop of Yimin.com’s roadshow was Boston. With the fundraising results of the New York stop and interviews and reports from major media, the roadshow was a success.
After listening to Zhang Yida's business introduction on stage, representatives from dozens of investment institutions expressed their investment intentions. At last count, the intention to subscribe was nearly US$200 million.
Then Atlanta, San Francisco, Philadelphia, Houston, Chicago, Los Angeles and other more than a dozen major cities went on roadshows, and in total they received nearly US$2 billion in subscriptions.
Then Zhang Yida led the roadshow team to Hong Kong, London, Singapore and other places, and obtained more than 2 billion US dollars in intended subscriptions.
After nearly 2 weeks of roadshows, the roadshow finally came to an end.
At last count, Yimin Wangjin Group’s intended subscription amount reached US$4.75 billion, an oversubscription ratio of nearly 6 times.
In view of the good subscription situation, securities firms such as Goldman Sachs exercised their over-allotment rights and set the IPO issuance size at 34.5 million ADS shares.
The original issuance price of US$22.5/ADS to US$25/ADS was also set at a higher value, and the final issuance price was set at US$25.
…
ET, July 20 at 9:30 a.m. ET.
Standing in front of the bell-ringing platform with the "Nasdaq" logo printed on it, Zhang Yida pressed the electronic button, causing confetti to fly and applause and cheers to continue.
Standing next to Zhang Yida, Fan Hongyang, Ding Siyao, Shen Beipeng, and Changqing Qing were all filled with happy smiles, sharing this glorious moment together.
"Yimin Wangjin (YM. NASDAQ) opened up 21.2% to close at US$30.3, with a market value of US$7.105 billion."
"Yimin Wangjin (YM. NASDAQ) was listed on Nasdaq, with an issue price of US$25/ADS, raising US$862.5 million, becoming the first overseas share of a Chinese Internet financial company."
Information about the successful listing of Yimin Wangjin was quickly sent back to China by domestic reporters who were stationed at the Nasdaq exchange.
Report after report came out quickly:
"Yimin.com becomes the first Internet financial stock"
"21 months, 7.105 billion US dollars, witness the miracle moment"
"20-year-old Zhang Yida is the youngest CEO of a listed company on Nasdaq in 44 years"
"Zhang Yida, born in 1995, holds 47.51% of Yimin Wangjin's shares, and his net worth has increased by another 3.38 billion US dollars"
There was also a post about Zhang Yida ringing the bell on Peking University's Weiminghu BBS: "Congratulations to Zhang Yida, an outstanding alumnus of our school, for his successful listing on NASDAQ."
"Oh my god, the company went public before I even graduated from college." A student passing by commented.
"I thought that when entering college, everyone would be on the same starting line, but you ended up standing at the end."
"What the hell is this Yimin Net Finance? Isn't it Ruixiang? Has it changed its name? Isn't its valuation worth tens of billions of dollars? How come it's only 7 billion when it's listed?
Is it broken?"
"Reply upstairs, Yimin Internet Finance and Ruixiang are two independent companies, but they have a common shareholder named Zhang Yida."
"Help you take stock of Zhang Yida's business empire: Ruixiang US$10 billion, Yimin Net Finance US$7.1 billion, Huimin Bicycle US$1.8 billion..."
"Stop it, why don't I accept it? This is a cry from a little loser on the third floor."
…
"Yida! I feel like dying right now!"
Zhang Yida took out his mobile phone and saw this WeChat message with an emoticon of vomiting blood.
Zhang Yida smiled. Before Xu Xiaoming went public, he jumped out of the market at a valuation of US$2 billion and liquidated all his shares. He was now telling him his bitter story.
Zhang Yida typed and replied:
"Mr. Xu, it's okay. The stock price has only risen high now. What will happen in a year and a half? What will happen still?"
If there are good projects in the future, you will definitely be the first to come to mind."
Zhang Yida put away his mobile phone and began to be interviewed by reporters.
"Mr. Zhang, can you tell us how you feel now?"
a reporter asked.
"I feel very happy. This is my first listed company. I have put a lot of effort into my entrepreneurial journey..."
Zhang Yida began to chat with reporters and shared the hardships of starting a business.
Fan Hongyang and Ding Siyao, as co-founders, were also surrounded by reporters and began to interview them.
"May I ask Mr. Fan, how did Mr. Zhang impress you to start a business with him?
As far as I know, you gave up your mid-level position at Ali and took a salary cut to join Yimin Internet Finance in its start-up period."
"Yes, there is such a thing. At that time, Mr. Zhang and I chatted all afternoon, and he explained to me Yimin Wangjin's entrepreneurial ideas...
Then I was so impressed that I returned to Lin'an, packed my luggage, and came to the capital."
When Fan Hongyang talked about this, the smile on his face never stopped.
I thought to myself: This is probably the most correct choice I have made in more than thirty years!
Some reporters also asked Ding Siyao:
"Mr. Ding, it is said that you joined Yimin Net Finance shortly after graduating from university and became one of the co-founders.
What kind of opportunity led you to join Yimin Internet Finance?"
"It's fate! I was working as an intern in a loan company and happened to meet Mr. Zhang to get a loan.
I invited him to have a meal. Not long after, he invited me to go north to Beijing to start a business..."
Ding Siyao glanced at Zhang Yida and thought to herself: Sometimes choice is more important than hard work. If you follow the right person, your destiny will be changed.
If I hadn’t met Zhang Yida, maybe I would still be working in that loan company in Chengdu!
If you are lucky, you can get a salary of 20,000 to 30,000 yuan a month, and then step by step, you can climb up to supervisor, manager...
"Mr. Shen, your investment vision is as good as ever.
When you first invested in Yimin Wangjin, what did you value about them?"
A reporter asked Shen Beipeng a question.
"Investment... means investing in people! I am firmly optimistic about Zhang Yida, and I have placed a heavy bet on every one of his entrepreneurial projects.
If I were to summarize him, his most outstanding advantage is his forward-looking strategic vision..."
Shen Beipeng said with a smile that he has invested in so many projects of Zhang Yida, Yimin Net Finance is only the first IPO, I believe the second and third ones will not be long away.