Reinventing the Millennium.

Chapter 438 Don't panic

Yike is on the market!
After 09:30, the stock price continues to rise!

Goldman Sachs has a buy rating on "YIKE"!
Major investment banks are also generally optimistic about this new stock!
TV stations, newspapers, and online forums all have analysis on "YIKE". Experts talk about the future of the industry, the target Apple business, the advantages and disadvantages of Yike and Apple in the competition, and whether investors should buy it or not!

Should you buy it?

Of course you should!

Chase up!
Nasdaq's winter time trading hours are 9:30-16:00.

According to the usual practice, large institutions usually enter the market 15 minutes after the market opens in the morning. It is also during this time period that Yike's stock price quickly rises to $26 and continues to swing upwards.

For half a day in the morning, Yike's stock was hovering below $27, and it always stopped shyly when it was about to hit the door.

In the afternoon, after the usual 13:30, institutional investors entered the market, and Yike stock broke through 27, 28, and 29 US dollars all the way, and finally lingered for about an hour, and stood at the 30 US dollar mark near the closing time the heel.

On January 1st, at 1:4 p.m. Eastern Time in the United States, Yike’s closing price was $30.520, an increase of more than 22% on the first day of listing. This price also means that Yike’s market value has reached 85.8 billion U.S. dollars.

At the same time, the stock price of rival Apple also rose by 8% in one day, and its market value soared to 248 billion US dollars.

All Yike is rejoicing, because this means that Yike has produced many millionaires and multi-millionaires.

Since the stock market trend was positive in the morning, Yike was preparing for the celebration banquet in New York. By the evening, the atmosphere of the celebration banquet had become full of enthusiasm. Even Xiong Xiaoge, who knew that YIKE had an organization to raise the price, smiled and was gentle with everyone. Have a chat.

Compared with ordinary investors, the initial cost of IPO for the institutional side during the road show was about 22 US dollars. This wave of profits has already made a lot of praise for the sum of Fang and Yike.

With so many flowers, Jefferies, a well-known Wall Street investment bank, boldly set the target stock price of Yike at $50.

In other words, Jefferies Group believes that the market value of Yike should be around 140 billion US dollars, which is based on the strong development expectation of the industry in the next few years.

Fang Zhuo heard the news from the old bear after opening the champagne at the celebration banquet, but he just smiled slightly and did not comment.

At the celebration banquet on the evening of the 1st, Ni Runfeng, the head of Changhong, also came to have a glass of wedding wine and congratulated him.

However, Ni Runfeng bid farewell to the busy Mr. Fang soon.

Not only is he leaving the celebration banquet, but he is also about to leave the United States within a week and return to China.

"Old Ni, are you in such a hurry?" Despite the constant incoming calls, Fang Zhuo specially held a glass of wine to bid farewell to the senior entrepreneur.

"Mr. Fang and Mr. Xiong are right. I still have to work hard in Changhong. I don't even understand English in the legal proceedings against APEX in New York. I can't help at all. Why don't I go back and visit the leaders of Rongcheng " Ni Runfeng said frankly, "I am still happy to see Yike listed on this trip, and I really appreciate Mr. Fang's help."

Fang Zhuo and Ni Runfeng clinked glasses of wine: "Where, since you think so, then I won't stay. I will return to China after finishing the matter here. Let's keep in touch. If there is anything I can help here, I'll do my best to help, don't worry about that."

Ni Runfeng was really relieved, Xiao Fang was always warm-hearted, and I believed this was true.

Fang Zhuo urged again: "Really, keep in touch, remember to tell me if there is anything Changhong needs, maybe I can give you an idea, anyway, I am also the chairman of two listed companies."

When Ni Runfeng came to New York, he showed a rare smile, shook hands with the chairman of the two listed companies, and left the lively celebration banquet of Yike.

Fang Zhuo silently wished Changhong a smooth situation in his heart, and he must not hinder his production capacity planning.

Halfway through the celebration banquet, President Yike unexpectedly received an unfamiliar number from China.

"Hi, hello, who are you?"

"Huh? Ctrip Shen Nanpeng? Oh, Mr. Shen, hello, hello, hey, thank you, thank you."

Fang Zhuo received the blessings from Shen Nanpeng and Xu Xiaoping on the phone, and felt that these two people really deserved to be famous investors later on. Their hearts were broad-minded. I won't find the number like this, congratulations at the first time.

How much did these two people vote through IDG?

Fang Zhuo exchanged pleasantries with Shen Nanpeng on the phone, thinking that this person would have something else to do, but it turned out that there was nothing, as if he was just happy for himself, and didn't even mention a word about the ice core project.

After hanging up the phone, Fang Zhuo asked Xiong Xiaoge specifically, and only then did he know that the two had invested a total of 300 million US dollars.

"Tsk, you have money, you dare to vote." Fang Zhuo was surprised.

"Is it really okay for you to sigh in front of an institutional shareholder?" Xiong Xiaoge still had a smile on his face even though he complained.

"Hey, it's just lamenting social funds." Fang Zhuo smiled, looking at the never-ending smile on Old Bear's face, and reminded, "The market value may fall back, don't be so happy so early."

"I know, I know, but I can't go back anywhere." Xiong Xiaoge said judgmentally.

Just as Fang Zhuo was about to talk, he received another call from China. This time it was Qiu Lanhua from Shencheng. The other party congratulated him and said with a smile that this time he had firmly secured his position as the richest man on the Forbes list.

This phone call didn't take too long, just hung up, and the next phone call was placed in Fang Zhuo's ear like a baton.

"Mr. Fang, congratulations. Our Forbes list has basically been collected. You are the richest man in the mainland in 2003."

This is a notice from Forbes in China. The list that has been made before is to rank Netease Ding Lei at the first place and Sina Fangzhuo at the second place. I did not expect Yike to go public in a hurry, with a jaw-dropping market value.

The positions of the first and second were immediately reversed, but they were still entrepreneurs in the Internet industry.

Last year, Fang Zhuo was the only Internet person on the entire list, but this year the number has increased rapidly and he is among the best.

The Forbes rich list will be announced at the end of January, and now the parties are notified in advance.

Fang Zhuo expressed his gratitude flatly. He had already thanked too many callers tonight, and the original private number seemed to become no longer private overnight.

After the festivities ended, Fang Zhuo did not make another speech. Instead, he asked Marketing Director Yu Hong to deliver a short speech, reminding everyone that there is still strong commercial competition in the industry, and the strength and market value of the opponents are both higher than Yi Keqiang, we still have a long way to go.

Everyone said what they said, and the smiles on their faces showed that the joy was destined not to disappear in a short time.

On January 1, the stock price of Yike was still attracting attention, but there were already news reports in China, saying that the first stock listed in the United States in 2 performed well, and Yike had global competitiveness.

During the half day of this trading day, YIKE's stock price continued to hit upwards without stopping, and was once close to 35 US dollars.

Just as American stockholders continued to chase the rise, there was a faint change in the afternoon of the 2nd trading day, and the stock price of YIKE fell back to $32.

Of course, compared with the issue price, this price is still very profitable, and the shareholders who enter the market at the first time and the second time will have profits.

Shen Nanpeng and Xu Xiaoping in China are also very calm when they see this decline. In particular, Shen Nanpeng has read the analysis of many Wall Street investment banks and believes that Yike still has sufficient room for growth.

"Don't panic, it's just a technical adjustment, Yike has a lot of institutions."

Shen Nanpeng told Xu Xiaoping on the phone.

(End of this chapter)