I asked you to save a bankrupt factory and you became the richest man in the world.

Chapter 388 077-078: Hillhouse Technology goes public! (5000 words today)
The reporters, who had been digesting the news for a long time, were in shock.

Only then did I realize that Hillhouse Group is already a company on the verge of being among the Fortune 500.

Globally, 500% of the world's top 34 companies are American companies, while Chinese companies only account for 3.8%.

At the same time, among the shortlisted companies, a large proportion are financial industry companies, such as China's four major banks, the five major investment banks on Wall Street, and the main core financial companies in major developed countries, such as Nomura Securities.

At the same time, among the world's top 500 companies, banking, oil refining and automobile companies have the largest number of companies, with 85, 40 and 33 respectively.

If Hillhouse Capital can launch a global strategy, it will surely start its journey to become one of the Fortune Global 2015 in !
Thinking of this, many Chinese reporters felt extremely excited.

China finally has a local private technology company that has made an impact on this list.

And it’s a new company that just transformed ten years ago!
At this time, Wu Xiaoli, a reporter from Phoenix TV Chinese Channel, asked hurriedly, "I heard that when Hillhouse Technology is about to open, the price-to-earnings ratio will reach 25 times. Is this true?"

Many financial journalists present pricked up their ears to listen.

I have never heard of any company listed in Freeport daring to go for a PE ratio of 20 times. 15 times is the most they can go.

20 times PE is equivalent to an annual return rate of 5%, and this level will only be achieved if the company's profit prospects are very promising.

In their view, a PE ratio of 25 is simply beyond their capabilities.

Sensational!

However, they had more or less heard rumors that Hillhouse Technologies would open at a sky-high price.

But is it true?
This remains to be tested.

"Yes! Our starting price is indeed 25 times the price-earnings ratio. After the equalization, through the issuance price-earnings ratio pricing method, our initial issuance price is at the level of 20 yuan per share." Gao Huaijun seemed very frank this time and said with a smile.

Now, the 14% of the circulating shares that Hillhouse is going to issue have all been subscribed by institutions (including banks, insurance companies, major investment companies, etc.), and the subscription situation is very good. All the initial subscriptions were completed without any effort, and there are also a steady stream of other users who want to buy Hillhouse's shares.

Gao Huaijun could now confirm that there were so many institutions that had already subscribed or were waiting to subscribe to provide support.

On the first day of listing, it is absolutely impossible for Hillhouse to break the issue price!
In order to achieve good performance, China Construction Bank asked it to lower its PE, but this pricing is really too conservative.

The reporters and technology giants present were all horrified when they heard this.

Hillhouse Technologies is about to make history!

How dare a company with a market value of hundreds of billions of yuan, which is so large, dare to do this?
How courageous!

"25 times the P/E ratio? What does Hillhouse want to do?"

"How courageous! Gao Huaijun thinks he is a world-class technology company like Google or Amazon."

"Not only that, even Amazon's P/E ratio is less than 20 times, but Hillhouse's is directly 25 times..."

"It looks like there will be something interesting to watch tomorrow!"

The reporters and guests present were all discussing the matter.

Some people are looking forward to it, while others are excited.

If Hillhouse Technologies can really perform at a god-level tomorrow, then Chinese technology companies will have rules and regulations to follow when they go public in the future!

For a while, early the next morning, all the news headlines in the entire Freeport were about Hillhouse and Gao Huaijun.

In a short period of time, Hillhouse Technology, a company, became popular in Freeport, a city founded on the financial industry.

"Hillhouse Technology is about to go public, with a price-to-earnings ratio of 25 times, challenging investors' vision!"

"Hillhouse's listing is a landmark event in the comprehensive revival of China's technology industry!"

"A young tycoon who is only 32 years old is about to own a huge industrial empire with a market value of over hundreds of billions!"

"All the celebrities from the Freeport region made high-profile appearances at Gao Huaijun's dinner."

"Hillhouse is about to build five major R&D centers overseas. A new generation of Chinese technology giants is about to set sail."

When Tang Ying gave Gao Huaijun the news, Gao Huaijun didn't take it seriously.

He knows that the capital market, whether it is 2014 or 2024, will always be a market where strength speaks.

The current market is changing too fast.

In the past, when feature phones were in the Nokia era, product changes and iterations were very slow.

But now, under the leadership of Hillhouse Capital, the king of volume, iterating once a year, or even once every six months, is simply an incredible thing in the eyes of many competitors.

Now Hillhouse Technology is growing exponentially in the market, and many investment institutions, except for some other factors, have noticed this.

Now many of the former giants, such as Lianxiang, can only survive in the cracks.

Tighten your belt and push your smartphone as hard as you can.

Give up those unrealistic ideas, that is, wanting to get the last bit of the feature phone era, and also wanting to take a seat in the smartphone era.

There is still a gap in the era of smart phones.

Hillhouse Technology has not yet completed the integration of low-end and high-end mobile phones.

Once the markets form their own ecological closed loops, this gap will soon be closed.

And the speed at which this gap closes may be far beyond everyone's expectations.

In the past, institutions thought that Hillhouse Technology was already very successful to be among the top ten mobile phone sales in China!
Now it's directly into the top five.

Soon, when Zhongwei, Blue-Green Factory, and Coarse Grain, which have been developing rapidly recently, stand out, they will enter the final bloody battle of the six oligarchs together with the foreign Pingguo Company!

And now, Hillhouse Technologies, which has strong R&D capital, will definitely be the one that stands out in the eyes of investment institutions!
Now Gao Huaijun has revealed that setting up new R&D locations abroad is actually to give these investment institutions a shot in the arm.

Let them have the impression that Hillhouse will definitely succeed!
This is the core that supports Hillhouse’s 25-fold premium.

"Boss Gao, the bell will be rung at 9:30 tomorrow morning. The heads of the Hong Kong Stock Exchange and Freeport will all be present." Tang Ying said as Gao Huaijun remained silent as he looked at the quiet bay of Victoria Harbour in front of him.

"Yeah!" Gao Huaijun nodded expressionlessly.

The way Tang Ying looked at him changed slightly at this moment.

Hillhouse has been able to develop to its current level, and Gao Huaijun has transformed from an unknown ordinary entrepreneur to an entrepreneur.

No matter how Hillhouse Technology's listing goes, it is a foregone conclusion that Hillhouse Technology's market value will reach tens of millions.

It’s really too fast that Hillhouse can achieve such results now!

Is this still the unknown classmate that his brother Tang Yuan mentioned at the beginning?
A giant crocodile that can fight with international giants!
. . . . . . .

The next morning, Gao Huaijun changed into a Zhongshan suit, which was rare for him. He then put on an exquisite Hillhouse emblem on the right chest. Led by security personnel, he left his room and went straight to the lobby.

Today, in addition to more than a dozen security bodyguards from Hillhouse’s own company, the Freeport government also directly arranged a security team of nearly fifty people.

The reason why such a big fuss was made.

The core reason is that according to statistics from the Hong Kong Stock Exchange, almost all journalists stationed in Freeport, both domestic and foreign, will gather in the Hong Kong Stock Exchange, waiting for Hillhouse's bell ringing ceremony.

At this time, even the hotel where Gao Huaijun was staying was crowded with people.

Many reporters wanted to get first-hand information, which made it very difficult for Gao Huaijun to walk through the lobby.

Finally, with the help of bodyguards and police, he squeezed out a gap and slowly moved closer to the convoy outside.

Gao Huaijun walked forward and waved to the reporters beside him, but did not answer any questions.

The market is about to open, and he still understands the principle of making mistakes when talking too much.

At this time, the convoy at the hotel entrance was already waiting.

Gao Huaijun then lamented the advantage of Tang Ying not arranging for him to live in a villa on the Peak of Hong Kong Island, but in a hotel in Central.

According to the reporter's method of squeezing, the roads up and down the mountain are so small that he doesn't know when he can get to the Hong Kong Stock Exchange to ring the bell.

Gao Huaijun's security level at this time was very high. Not only were the police involved in protecting Gao Huaijun's safety, but even the Special Duties Company of the Police Tactical Unit of the Police Force, nicknamed the 'Flying Tigers' in the legend, also participated in the security activities with real guns and live ammunition!

There were even helicopters doing regular cruises in the sky. All of this was to ensure that Gao Huaijun's trip in the free port would not have any meaning!
Gao Huaijun’s Hillhouse is definitely not an ordinary listed company.

The head of the Hong Kong Stock Exchange told the chief executive of the Freeport government that Hillhouse Capital is likely to become a high-potential company listed on the main board and included in the Hang Seng Index (the Hang Seng Index is an important indicator of the Freeport stock market price. The index is calculated by the market value of several constituent stocks (i.e. blue-chip stocks) and represents 12% of the 63-month average market value coverage of all listed companies on the Freeport Exchange). How could the Freeport government not pay attention to this?
When they arrived at the entrance of the Hong Kong Stock Exchange's trading hall, the head of the Hong Kong Stock Exchange, Laura Cha, for the first time ever, came out in person to greet Hillhouse Technologies' boss Gao Huaijun at the door.

This also represents the Hong Kong Stock Exchange's extreme importance to Gao Huaijun.

After Gao Huaijun got off the car, Mary S.A. went straight to greet him.

Throughout the decades of history of the Hong Kong Stock Exchange, the Chairman of the Hong Kong Stock Exchange rarely greeted the chairmen of listed companies at the main entrance.

When some small and medium-sized companies go public, he may not necessarily personally show up.

Basically, there are stocks listed on the Hong Kong Stock Exchange every day. If Laura Cha has to greet them every day, she would be exhausted to death!

This is also the highest honor given by the Hong Kong Stock Exchange to Hillhouse Technologies.

After Gao Huaijun and Laura Sham exchanged a few words, Sham personally took Gao Huaijun to the VIP lounge to wait for the official opening of Hillhouse Technology.

He didn't want to go into too much formality.

So today's ceremony is very simple.

At nine o'clock, Gao Huaijun will make a brief speech.

Then, the chief executive of the free port government will also have a session to deliver a congratulatory speech.

At 9:30, Gao Huaijun will, together with Ning Yuan and other Hillhouse executives, ring the bell that signals the company's listing.

At that time, the stock code (00510) will be announced and officially listed for trading.

At this time, the bell ringing scene was occupied by reporters and some traders.

The scene was packed with people.

It can be said that this is a grand scene that has never appeared in the Hong Kong Stock Exchange in recent decades.

Even the big deal of the century, the listing of China Petroleum A+H, did not have such a big fanfare!
At nine o'clock, the head of the Hong Kong Stock Exchange, Laura Cha, and the Freeport Executive first took the stage to deliver speeches, followed by Gao Huaijun who gave a pre-opening speech.

Gao Huaijun felt inexplicably nervous.

For him, Hillhouse Technology could be successfully listed within ten years, which was like a dream.

Can all those who travel through time be able to do so smoothly and get to this point just by taking advantage of the information gap?
For most people, it would be impossible without his experience working in a large company in his previous life and strong management experience!

At most, if you are content with a small fortune, that’s enough!

Now, Hillhouse Technology has finally become a listed company, and he feels as if he is in a dream.

When he stood in front of the microphone, the whole audience was silent and he couldn't help but feel relieved.

When a person dies, his eggs fall to the sky. If he doesn't die, he will live for thousands of years. So who cares? Just talk about it!
"Hello, dear guests!"

"At this moment, in this situation, I am extremely excited."

"Since my father passed away in 2004, I was forced to take over Hillhouse Capital. It has been ten years now!"

The reporters and audience in the stands couldn't help but applaud.

In ten years, he built a company from scratch to its current status. Gao Huaijun is definitely one of the top people in the entire Chinese business circle.

"Eight years ago, I had a crazy idea, which was to use the Internet to make mobile phones and enhance the global image of Chinese products."

“Benefiting everyone around the world.”

"To be honest, almost no one believed this crazy idea!"

"At the time, the most advanced technology Hillhouse was working on was just an MP4. Our colleagues all thought Gao Huaijun was crazy."

The audience in the audience couldn't help but laugh.

Such a bold idea, now it seems that everyone must be crazy!

"Thankfully, the old employees standing next to me didn't think I was kicked in the head by a donkey. They rolled up their sleeves and worked hard. We didn't have any ceremony or slogans, and we quietly made Hillhouse's first mobile phone product, Hillhouse Mate 1."

"In fact, I still don't know whether they all believed that we had made a phone that was completely different from Nokia."

"There are 121 employees of Hillhouse Technology, representing nearly employees of Hillhouse Technology, who came to the scene!"

As he spoke, Gao Huaijun waved slightly toward the people below.

"It is their joint efforts that have made Hillhouse what it is today."

"The European debt crisis has just ended recently, and the entire capital market is in a period of turmoil. I would like to thank all investors for supporting Hillhouse with real money at this moment."

“Although the general situation is not good, I still firmly believe that good companies will definitely stand out.”

"Here, I would like to express my special thanks to Hillhouse's fans. Over the past decade, it is because of your support step by step that Hillhouse Technology has the opportunity to go public today."

"I still remember that when we made our first product, the Hillhouse Smart Fan, we only had sales of a few million."

"However, it is with the sales of a few million and the support of these initial users that we have grown to where we are today, with monthly active users reaching tens of millions."

“Here, we also specially invited eight Hillhouse fans from ten years ago to come to the scene.”

“Wait a minute, I will also sincerely invite our original customer, Mr. He Binhe, to come on stage!”

"All our efforts are to gain recognition and satisfaction from Hillhouse's clients."

"It is with everyone's recognition that we have achieved what we have today."

“Finally, I would also like to thank the relevant authorities of Freeport and the Hong Kong Stock Exchange.”

"We are a technology company dedicated to realizing the interconnection of all things. From the beginning of our operation, we have set up a system of virtual equity."

"Without innovation in the capital market, it would be difficult for us to have the opportunity to be listed on the Hong Kong Stock Exchange."

“We believe that the Hong Kong Stock Exchange will welcome more innovative technology companies.”

"We will reward our employees and investors with better performance."

"Linda's shares will begin trading shortly. This is a brand new beginning for Hillhouse."

"Thank you everyone, thank you!"

As he spoke, Gao Huaijun bowed slightly.

The Hong Kong Stock Exchange was listed, and with so many reporters coming, Gao Huaijun actually gave an impromptu speech.

This is rare in the entire history of the Hong Kong Stock Exchange!
Everyone present felt that.

Gao Huaijun really has a big heart!
Before the bell rang, the photographer took a group photo of the stock opening for the guests present.

The reporters in the stands also picked up their cameras and took pictures.

While Hillhouse was conducting stock trading, the Hong Kong Stock Exchange also gave the green light, allowing Hillhouse Technology to engage in financial derivative products, options and futures, etc. This has not happened in the Hong Kong stock market for more than ten years.

The last company to receive such a privilege was the Industrial and Commercial Bank of China!
This is also a special treatment given to Hillhouse Technology by the head of the Hong Kong Stock Exchange before Hillhouse Technology went public.

Such special treatment is also intended to make the overall turnover rate of Hillhouse Technology's listing appear more stable. It is also a patch, or moat, made by the Hong Kong Stock Exchange for Hillhouse's listing!

When the time reached 9:29 and 30 seconds on the same day, Gao Huaijun and the executives beside him were already standing in front of a bell gong that was more than one meter tall, counting down accordingly!
20!

15!

5!

1!

As Gao Huaijun rang the bell in front, Hillhouse Technologies was officially listed on the Hong Kong Stock Exchange!

(End of this chapter)