Yesterday, on the evening of Friday, October 23, the pricing results of Ant’s IPO plan came out.
Listed on the Science and Technology Innovation Board with an issue price of 68.8 yuan/share.
The transaction code is 688688. When people look at this code, they will think that it means going to make money.
When Tianchi Technology was first listed, it was actually possible to obtain this trading code. At that time, the village also suggested giving it, and the final decision was to choose the trading code 688868.
Ant's pricing cannot be said to be arbitrary, it can only be said to be as I wish.
At the same time, it was also determined that the company would be listed on the market on November 5th.
At the summit, Ali's founder blasted the financial system in his next speech, which shocked everyone.
In the past, when he gave speeches, there would be warm applause and overwhelming applause.
But at this moment, when he said these words, everyone in the audience was so shocked that they did not dare to applaud. The camera panned around the audience, and everyone was expressionless.
Then, the camera fell on Lu Ming again...
Good guy, Brother Yi is still sleeping at this time, and he seems to be sleeping soundly.
…
In the afternoon, Lu Ming also took the stage to give a keynote speech. At this time, the village chief was also a little panicked, worried that this young man might go as far as he did.
Lu Ming began his speech by emphasizing that finance must serve the real economy.
With a simple opening statement, the village chief felt relieved instantly.
In his speech, Lu Ming emphasized that when actively promoting the opening up of the financial industry and creating a market-oriented, legalized, and internationalized financial industry environment, supervision must be in place and tightened where appropriate.
Everyone was very surprised to hear Lu Ming's remarks.
These words are in direct contrast to those of the previous one, and can even be said to be a bit gunpowder. The former boss is criticizing the supervision as being too strict. It needs to be loosened a little, loosened a little more, and it is best not to close it.
At this time, Lu Ming emphasized the necessity and indispensability of supervision in his speech.
What surprised everyone the most was that it was unbelievable that such words came from the mouth of Lu Ming, a financial tycoon. Isn’t this an act of self-imposed restraint? How could there be such a strange request?
At the same time, Lu Ming's voice echoed throughout the audience:
"Since the beginning of this year, in the face of the combined impact of multiple factors such as the Y sentiment, and against the backdrop of a general downturn in equity financing in the global market, the A-share market has ranked among the top in the world in terms of market volume and financing amount, maintaining a high level."
“But if the capital market is only used to focus on and solve the listing and financing problems on the real economy side, and not pay much attention to the protection of investors’ income rights, in the long run the value of investment participation in this market will be questioned, which will be detrimental in the long run.
.”
"Although this is theoretically to support the development of the real economy and prevent the hollowing out of the industry, it may also contribute to the unfair distribution of social wealth. Investors in the A-share market must be allowed to share the dividends of development."
Some big A stockholders who were watching the live broadcast of the summit immediately resonated with Brother Yi's speech. Finally, a big boss said this.
You know, Big A is expanding like crazy this year. The number of listed companies in the two cities has soared to more than 4,700. Every week, dozens or even 20 or 30 companies are issuing new shares, IPO listing financing, refinancing and securities
Transaction stamp taxes, these three items alone add up to more than 1 trillion yuan.
After all, this year's market situation has seen a big wave in July. The market as a whole is still making money, especially the popularity of funds. Many investors have even switched to buying funds. On the whole, everyone is making money and there is nothing to say.
At this time, Lu Ming on the stage continued: "The long-term stagnation or decline of the market is actually a kind of wealth robbery for investors from low- and middle-income families, reducing social consumption profits and thus affecting economic activity."
"If the money generated by listing is much faster than operating profits, how much enthusiasm will companies have to expand and develop? The speed of new share issuance is only one aspect of the market. Some IPO issuance prices are so high that it is no longer a simple solution to the financing and financing problems of corporate listings.
The basic issue of survival and development has become the issue of making a company rich overnight once it goes public."
As soon as these words came out, all the participants were curious. Everyone couldn't help but think of Ant's price of 68.8 yuan. At this price, the valuation reached an astonishing 2.1 trillion.
You must know that when Tiansheng Capital was listed through a backdoor listing, it was priced at 3,000 yuan per share, but its valuation was only 240 billion yuan. The valuation at that time was recognized by the market as far lower than its actual value, and it was a real profit for the secondary market.
The introductory shot of the summit also specifically gave a close-up of the previous boss. At this time, the boss had his arms folded and his chin in one hand, motionless. It was difficult to decipher the boss's inner thoughts under the camera.
In a proper mid-gate confrontation, who exactly is the opponent? Lu Ming's words are not related to each other, and everyone knows it.
"...So supervision must be in place, and we must unswervingly adhere to the strong leadership of the party to operate smoothly. The road is tortuous, but the future must be bright. Although Big A has many problems, it is getting better and better.
Well, the problems encountered in development will inevitably be solved one by one in development. As we move forward, I am very confident in the future of the A-share capital market." Lu Ming did not say too much on this issue, and only one-third of his speech was
The whole time I have been talking about finance serving the real economy.
Specifically, we are talking about new energy vehicles and Tianchi Technology.
The automobile industry is an important part of the real economy. Tianchi Technology's strategy promotes domestic new energy vehicles to move towards high-end, which represents the grand strategy of high-end manufacturing and intelligent manufacturing.
In short, no matter how you blow this thing, it will be fine and correct.
At about 17:00 that afternoon, Lu Ming left for Ningzhou. The summit would last for two days, but he did not continue to participate.
The media also began to report extensively, especially when the speech topics of Lu Ming and Ali's founders were compared. The Internet was also hotly debated and a lot of controversies arose.
But Lu Ming didn't care about this at all.
After returning to Ningzhou, he asked Qi Wei for a piece of information, which turned out to be the company's selling and short selling of Zhonggai shares.
At this time, Alibaba's stock price soared to 309 US dollars per share, and its market value soared to more than 820 billion US dollars, about 5.49 trillion yuan. It is said that after Ant's successful listing, Alibaba's market value will also soar to one trillion US dollars.
high.
The capital market is optimistic.
But at this time, Tiansheng QDIE has already started to switch between long and short, and it is not just Alibaba, but the entire Zhongquan stock.
According to the report sent by Qi Wei, Tiansheng QDIE had closed all long positions as early as Thursday, October 15, and began to turn short.
The subsequent plunge in the stock market will affect the domestic financing environment to some extent, which is a bad thing.
But in Lu Ming's eyes, it's not a bad thing in the eyes of Tiansheng Capital, it's a good thing.
Other capital began to shrink and was unwilling to invest. Tiansheng Capital provided strong financing capabilities to the primary market. The company had hoarded so much liquidity, including the long profits harvested from the secondary concept stocks, and the subsequent short profits.
All this money can provide financing for the primary market.
In the previous financing environment, pricing was almost always controlled by Wall Street. In layman's terms, if you want to finance a project in China, it basically has to be benchmarked against North America. For example, if a project has the same model in North America, the capital market will give a price-to-earnings ratio of 20 times.
If the valuation in China is 20 times, it will be benchmarked at 20 times.
Therefore, once Zhonggai stocks plummet, based on this valuation system, it will be very expensive for domestic technology startups to raise funds, and even if they are willing to pay a higher price, they may not be able to raise funds.
But at this time, Tiansheng Capital can play the role of turning the tide, and its strong liquidity scale is enough to provide the market with strong financing capabilities.
Lu Ming's bigger goal is to reverse the existing valuation system and take this opportunity to take back pricing power from Wall Street.
In the future, project financing in the primary market, especially the financing of high-tech projects, will not be based on Wall Street valuations, but rather let entrepreneurs look at the valuation system provided by Tiansheng Capital.
