Ty Werner Penthouse Suite at Four Seasons Hotel New York.
Zhang Yida was woken up by the alarm clock, opened the Thai silk bed quilt woven with 22-karat pure gold, and got up unsteadily.
He stripped his muscular upper body, lit a cigarette, and walked to the huge floor-to-ceiling windows, overlooking Manhattan at five o'clock in the morning below.
This suite on the 52nd floor is small, only 4,300 square feet, equivalent to 400 square meters, but it is one of the most expensive five-star hotel suites in the world.
Because it has a rare panoramic view of Manhattan, with four independent floor-to-ceiling windows on all sides, you can enjoy a 360-degree panoramic view of the city skyline.
But this alone is not worth the price of $35,000 a night.
The suite's services also include a chauffeured Rolls-Royce or Mercedes-Maybach, a 24-hour butler, personal fitness trainer, spa services and a "MasterChef Workshop" dinner
.
After finishing his cigarette, Zhang Yida called his personal butler.
An old British man with meticulously combed hair and well-dressed clothes walked into the suite and greeted him in London accent, "Good morning, Mr. Zhang!"
Can't speak Chinese, bad review!
Zhang Yida didn't like the so-called British etiquette and waved his hand directly, "Let's have breakfast! I have to rush to the New York Stock Exchange at 8 o'clock Eastern Time."
The old housekeeper bowed slightly and said, "I'll make arrangements right away!"
After a while, the butler entered the suite with a sumptuous breakfast and ironed financial newspapers under the silver plate.
After Zhang Yida had breakfast, the old housekeeper handed him his ironed suit.
After Zhang Yida put on this black suit that cost tens of thousands of dollars, he walked out of the suite with the old butler leading the way, followed by the invisible burly bodyguard Qian Li.
Parked in front of the hotel was a fleet of Rolls-Royce Phantoms, followed by a fleet of more than a dozen Mercedes-Benz S-Classes.
Fan Hongyang, Shen Beipeng, Xu Xiaoming and other shareholders, as well as the management of Yimin Wealth headed by Ding Siyao, have been waiting here for a long time.
Zhang Yida thought he came early enough, but he didn't expect that he was still the last one.
Thirty or forty people turned their attention to Zhang Yida, who smiled at them and said, "Good morning, everyone! Have you all rested?"
Except for a few investors, everyone present was the middle and senior management of Yimin Wealth. They all said in unison: "Good morning, Mr. Zhang, have a good rest!"
Zhang Yida didn't believe that they had rested well. He saw that many people still had dark circles under their eyes and guessed that they had been up all night.
In fact, it is almost the same as Zhang Yida guessed.
The middle and high-level executives of Yimin Wealth were excited as soon as they got on the plane. This emotion became even more intense after they checked into the most luxurious Four Seasons Hotel in New York.
Ring the bell to go public and usher in the highlight moment of your life!
They began to fantasize about what would happen if their net worth skyrocketed after the listing. Some people considered changing their cars, some people considered changing their houses, and some people considered changing their wives...
Zhang Yida waved his hand, "Let's go! Get in the car!"
Zhang Yida got into the first Rolls-Royce Phantom, and the rest got into other Mercedes-Benz cars in twos and threes.
The motorcade passed through Fifth Avenue in New York and arrived at the New York Stock Exchange at 11 Wall Street.
Wearing the badges provided by the New York Stock Exchange, Zhang Yida, Ding Siyao, Fan Hongyang, Shen Beipeng, and Xu Xiaoming boarded the small white balcony in the New York Stock Exchange hall.
The roof of the New York Stock Exchange is very high. Standing on the small balcony, you can overlook the staff coming and going in the hall.
Unlike Nasdaq's electronic button, the New York Stock Exchange's bell ringing road is a small gavel, which is similar in length to the gavel often used by judges in the court.
"Bang!"
Zhang Yida knocked down the gavel in his hand like a judge.
Yimin Wealth’s listing was successful!
The company management and investors surrounding Zhang Yida began to applaud.
The reporters in the audience recorded this wonderful moment with their cameras!
Whenever a Chinese concept stock is listed, there is no shortage of domestic reporters to come and support it.
Yimin Fortune's original issuance price range is US$16/ADS-US$20/ADS, and it plans to issue 15 million ADS shares.
Among them, 12 million ADS are issued for new shares and 3 million ADS for old shares. Together with the over-allotment part, the maximum number of ADS issued is 17.25 million.
The wealth management industry has been developing in Europe and the United States for many years. Investment banks and private banks have this business, and its development has already entered a period of slowdown.
Therefore, the concept was not very sexy, it did not attract many investors, and the oversubscription was not ideal, only a little over 10 times.
Morgan Stanley and Goldman Sachs were worried about falling below the issue price and suggested a compromise issue price of $18/ADS. Zhang Yida listened to this suggestion.
Yimin Fortune's stock code is "YMCF" and opened at US$20.2, up 12.2% from the issue price. Including the excess, the IPO raised a total of US$310.5 million!
After deducting investment bank issuance fees and related audit fees, US$288 million was actually raised.
Among them, US$230.4 million went to Yimin Wealth Company, and the other US$57.6 million was cashed out by Zhang Yida personally.
After the IPO, the total share capital of Yimin Fortune was changed to 113.8 million shares, and the market value reached US$2.298 billion.
Zhang Yida and a group of senior executives and investors stood on the small balcony for a few minutes, and the listing ceremony was over.
Then we went outside the New York Stock Exchange building, where company executives and investors took a group photo.
After the group photo was taken, a domestic reporter came forward to interview Zhang Yida.
"Hello, Mr. Zhang, are you satisfied with the listing of Yimin Fortune? What significance does the listing mean to you and the company?"
Zhang Yida faced the reporter's camera and said with a smile: "I am quite satisfied. The listing is an affirmation and a milestone for Yimin Wealth.
After going public, the company's brand can be enhanced and it can also boost the confidence of partners and employees.
For shareholders, there are also more exit channels. For me personally, it can also be regarded as an incentive!"
The reporter asked again: "I heard that you set the mid-point price of this issuance at US$18 instead of the top price of US$20. Can you tell me what you think?"
Zhang Yida said: "The wealth management industry in Europe and the United States has been developing for many years, but the current market growth has been very slow.
But China is different. Its economy is growing rapidly and its classes have not yet solidified. It is the country that has birthed billionaires the fastest in the world, and its market growth potential is huge.
In the future, Yimin Wealth will prove itself to the market."
A reporter also went to interview Ding Siyao. The reporter asked her: "Mr. Ding, as a female CEO and one of the few female CEOs of listed companies, can you analyze the advantages and disadvantages of starting a business from a female perspective?"
Ding Siyao said: "Compared to men, women have more family ties.
But female entrepreneurs also have many advantages, such as being more delicate than men..."
The reporter asked unkindly: "Noah Wealth has always been known as the number one wealth management brand in China. Now the market value of Yimin Wealth has surpassed that of the other party. Do you have anything to say about this?"
Ding Siyao frowned and took a deep look at the reporter.
The reporter asked this question, which really put her in a dilemma.
There has always been competition between Noah Wealth and Yimin Wealth, and there have been instances of financial planners competing for clients.
Now that the market value of Yimin Wealth has surpassed that of the other party, it is not wrong to say that Yimin Wealth is the number one wealth management brand in the country.
However, the ranking of wealth management brands depends not only on market value, but also on customer asset management scale, industry influence, customer evaluation and many other criteria.
If she follows the reporter's words and admits that she has surpassed the other party, then if the news spreads to the country, it might cause trouble again.
But if you don't admit it, your company's reputation will be wasted.
She doesn't have much of a favorable impression of Noah's wealth, but rather has more of a dislike for it because of some malicious competition.
Ding Siyao thought for a few seconds and replied to the reporter: "Yes, in terms of market value, it is indeed the case.
Next, Yimin Wealth will also expand overseas, go to the international stage, and compete with the world's top private banks and wealth management companies.
We will definitely keep a normal mind, continue to learn, and continue to improve ourselves."
The reporter felt a little regretful when he saw that Ding Siyao did not fall into the hole he dug.
It’s no wonder that he became a CEO at the age of 25. He is indeed not a flower vase.
…
Inside the Four Seasons Hotel New York.
A celebratory dinner is taking place.
Xu Xiaoming drank red wine happily while chatting with Zhang Yida.
"Yida, this is our second company. Taking advantage of the hot market, we must quickly list other companies as well!"
Zhang Yida smiled and said, "That's what I mean too. I will list Yimin Dai and Ruimin Financial Management next to each other."
"Where is Ruixiang? Do we have to wait?" Xu Xiaoming asked.
Zhang Yida took a long breath, shook his head and said: "It's not enough to go sharply, you have to go more slowly."
Xu Xiaoming said nothing more and nodded to express his support.
For him, he has already made a lot of money.
When I initially invested in a company called Yimin Fortune, I incubated four companies.
Now two have been listed on the market, and two more are about to be listed. Don’t make too comfortable a profit.
"Which one is Yimin Loan or Ruimin Financial Management next?" Shen Beipeng noticed the conversation between the two and came over to ask.
"Yimin Daiba, the profit margin is not bad, and the business fundamentals look better."
Shen Beipeng nodded in agreement, and added: "Ruimin Financial Management is indeed a little worse. The valuation of US$1 billion is a bit false."
Zhang Yida smiled and said nothing. Most of Ruimin Financial Management's profits were transferred to Huimin Bicycle, and its own assets have also developed slowly. Indeed, the valuation of US$1 billion is a bit false.
"Why don't you wait any longer?" Shen Beipeng turned to look at Zhang Yida, "It's enough for Yimin Internet Finance to compete for the first share of Mutual Finance. The development of Yimin's wealth has almost slowed down.
I think Yimindai has great potential for development! Only by waiting for two more years to go public can the benefits be maximized.
I’m not too optimistic about Ruimin Financial Management’s listing, as there is a possibility of reduced fund-raising or a loss of shares.”
What Shen Beipeng said is very reasonable, but Zhang Yida is aware of the future domestic regulatory trends.
Regulations are getting stricter and stricter, and even if you go public in the United States, you won't even get two cents, and you will experience a series of human tragedies such as a break in the stock price, a sharp drop, and a severed ankle.
If you don’t go to the United States to make money now, it will be difficult in a year or two.
Wall Street's evaluation agencies are still very powerful, and all the uncertainties and impacts that domestic regulatory policies have brought to China Mutual Finance will be included in their judgments.
The further back you go, the harder it is to cut American leeks.
"Policy!" Zhang Yida spat out two words.
Shen Beipeng chewed these two words repeatedly, and Xu Xiaoming also frowned and thought.
Shen Beipeng guessed that Zhang Yida had heard about some policy rumors, so he did not continue to ask further questions and said directly: "Okay! Since you have made your decision, we all support you!"
"Hey, by the way, you cashed out 3.45 million ADS this time? Are you planning for a rainy day?"
Zhang Yida looked at Shen Beipeng, an old fox, and smiled. Sure enough, he had a keen sense of smell.
"Don't be too cruel! If your reputation is ruined, it will be troublesome for your other companies to go public in the future!" Shen Beipeng knew as soon as he saw Zhang Yida's smile that something was up, so he reminded him specifically.
"Only tens of millions of dollars, people on Wall Street don't hold grudges, they only care about profits.
From now on, Ruixiang, DouShi, and Pinduoduo will all be key-level big orders, so we don’t have to worry about not being favored by investment institutions.”