My son is a reincarnated soul; I overheard his inner thoughts and became the richest man.

Even with Lenovo's groveling efforts, Americans still wouldn't buy it.

In their eyes, Lenovo was a no-name brand they had never heard of.

It lacks the prestige of an iPod and the copyright ecosystem of iMusic from Fengtian Technology.

Just because it's cheap?

Sorry, Fengtian Technology's clearance F1 is cheaper than yours, and they also have a genuine music library.

After a week on the market, Lenovo's sales in the United States were dismal, with only a little over a hundred units sold.

To make matters worse, because the copyright issues couldn't be resolved, several record companies sent them lawyer's letters.

It can be said that they lost both their wife and their army.

Looking at Lenovo's dismal performance report, Chen Feng couldn't even muster the energy to mock it.

Just as he had predicted, such a product without core competitiveness was destined to be cannon fodder.

What truly alarmed him was another piece of news from across the ocean.

Apple has officially announced that the next generation of iPods will fully support Windows.

This is the real "wolf is coming" story.

Steve Jobs corrected a fatal strategic mistake, and the previously confined iPod was about to be unsealed.

"It seems the real battle is just beginning."

Chen Feng gazed at the horizon outside the window, his eyes deep and thoughtful.

However, he was not afraid.

Fengtian Technology is no longer the same company it once was.

Whether it's the extensive sales channels across Europe and America or the ecosystem barriers built by iMusic, it's enough to rival a fully-fledged Apple.

It remains to be seen who will emerge victorious.

......

Apple's announcement that the iPod will be compatible with Windows has caused quite a stir among Fengtian Technology's shareholders.

At a crucial moment when it was preparing for its Nasdaq IPO, its competitor suddenly corrected its biggest strategic weakness, which undoubtedly cast a shadow over the upcoming listing process.

Shareholders are worried that this will directly affect F2's market share, thereby lowering the offering price.

But Chen Feng remained nonchalant.

His confidence stemmed from a piece of good news from across the ocean.

Thanks to Lin Wan's strong efforts, the European market delivered an amazing result in just two months - sales exceeded 200,000 units in April alone!

This figure has already caught up with the US market, which has been operating for a long time.

What excites investors even more is the extremely strong purchasing power of European consumers.

The F2, a high-end model with higher profit margins, accounted for as much as 50% of sales in Europe, while the T2 series, which focused on cost-effectiveness, became a supporting player.

In contrast, the F series still accounts for only 15% to 20% of the domestic market.

With this solid performance as evidence, all doubts vanished instantly.

A June IPO on Nasdaq is practically a done deal.

......

In preparation for the company's IPO, Chen Feng urgently recalled Lin Wan, who was overseeing operations in Europe, and convened a closed-door meeting of senior executives concerning the company's future.

Inside the meeting room, Chen Feng sat at the head of the table, his gaze sweeping over the group of veterans who had helped him build his empire.

"Before officially launching the IPO, we need to standardize the company's organizational structure."

Chen Feng got straight to the point and announced the new personnel appointments.

"I will continue to serve as Chairman and CEO."

"Lin Wan will be appointed as the company's president."

"Zhao Ya has been promoted to Senior Vice President and COO (Chief Operating Officer)."

"Xu Kai will serve as Vice President and CTO (Chief Technology Officer)."

"Xu Shih-yao will serve as CFO (Chief Financial Officer)."

Although it was just a change in title and the responsibilities remained largely the same, this marked Fengtian Technology's official transformation from a startup to a modern enterprise.

Immediately afterwards, Chen Feng unveiled the main event.

"With the structure in place, the next step is what everyone is most concerned about—officially launching the Nasdaq listing process."

The moment the words were spoken, the air in the conference room seemed to ignite.

Even though the executives tried their best to restrain themselves, they couldn't hide the excitement in their eyes.

The stock options in your hands are about to turn into real money, and the dream of becoming a millionaire or even a billionaire is within reach.

Seeing everyone's excited expressions, Chen Feng smiled and gestured for them to calm down.

"Don't get too excited yet, there's another perk I have to announce."

"Fengtian Technology's success today is inseparable from the hard work of every grassroots employee. Sharing happiness is worse than keeping it to myself, so I've decided to allocate a portion of the original shares for internal subscription by all full-time employees before the IPO."

"This is an opportunity to give back to everyone. Of course, participation is voluntary, and there is a limit to how much you can buy, but it is absolutely not mandatory."

"The specific subscription plan will be read out by General Manager Lin."

Lin Wan stood up and continued, "Given that the company is relatively new, we won't engage in complicated seniority-based discrimination. This time, the subscription quota will be primarily set based on job level..."

With the announcement of the plan, a wealth-creation movement has officially begun.

After the meeting, the executives filed out, eager to share the good news.

Chen Feng left Lin Wan behind.

"The roadshow is in your hands. IDG and Sequoia will fully cooperate. You are the president, so you have to play the leading role in this show."

"Don't worry, Mr. Chen, I guarantee I'll complete the mission." Lin Wan's eyes gleamed with confidence.

......

When the news of the internal subscription of original shares reached the grassroots level, the entire Fengtian Technology company was instantly in an uproar.

The office area, the tea room, and the corridors were filled with barely suppressed cheers.

In this day and age, everyone knows what pre-IPO shares mean.

That's practically a ticket to financial freedom; the company is handing out gold bars!

I'd only ever heard of other companies having such good things before; I never thought it would happen to me.

"President Chen is so generous! He's a truly conscientious boss!"

"Exactly! I thought only executives got to enjoy the spoils, but it turns out we can also have a taste of the good stuff."

In the break room, several employees huddled together, excitedly discussing something.

"Hey, Sister Zhang, how much are you planning to buy?" a new young woman asked the older employee next to her curiously.

The finance manager, who was called Sister Zhang, pushed up her glasses and said decisively, "I'll buy as much as the quota allows! This kind of opportunity might only come once in a lifetime; once it's gone, it'll be gone forever."

"But...that'll cost tens of thousands! What if we don't have enough money?"

"Silly girl!"

Sister Zhang poked her forehead in exasperation. "If you don't have enough money, borrow it! Ask your parents, ask your relatives, even if you have to withdraw your fixed deposit to buy it! This is pre-IPO stock; it'll multiply several times after it goes public. Where else can you find such a sure-fire way to make money?"

"Oh right! I'll call my mom right away!"

For a time, the office building of Fengtian Technology was filled with the sound of people making phone calls to raise money.

Every face beamed with boundless anticipation for the future.

......

Outside the office, the occasional excited chatter of the employees could be heard, and Chen Feng smiled as he listened.

This is exactly the situation he wanted to see.

Fengtian Technology is still very young and has a long way to go.

At this critical juncture, using equity incentives to deeply align the interests of core employees with those of the company is undoubtedly the most worthwhile deal.

Wealth dispersed brings people together; this is an eternal truth.

Chen Feng knew that money could never be earned enough, and even the most perfect strategy needed a strong execution team to be implemented.

Instead of taking all the profits for yourself, why not share a portion and help everyone shift from an "employee mentality" to a "shareholder mentality"?

In return for these initial shares, the team gained unwavering loyalty and fighting spirit; no matter how you look at it, it's worth it.

......

Across the ocean, the roadshow is in full swing.

Lin Wan and her team shuttled between major investment banks on Wall Street.

The sword of Damocles that had been hanging over their heads—the Apple iPod Windows compatibility version—has finally fallen to the ground.

But unexpectedly, this powerful punch landed on cotton.

Perhaps Apple's marketing strategy went astray, or perhaps Fengtian Technology's market barriers were already strong enough.

The new version of the iPod did not cause the expected sensation in the market after its release.

Consumer inertia is a dangerous thing.

The F and T series have already captured their minds, while iMusic's ecosystem moat is even more difficult for competitors to overcome.

This result completely put the minds of Wall Street investors, who had been somewhat uneasy.

Since even a fully-fledged Apple cannot shake Fengtian Technology's position, what reason is there not to be optimistic about it?

Confidence is more precious than gold.

IDG and Sequoia Capital held an emergency conference call with Chen Feng and unanimously decided to raise the offering price.

From an initial conservative price of $13, it has been raised all the way to $16!

Based on a total share capital of 1.4 million, as long as the share price does not fall below the issue price upon listing, Fengtian Technology's initial market capitalization will be stable at over US$22.4 billion.

Compared to its valuation a year ago, this is like a rocket launch.

......

June 1st.

Chen Feng led a team of senior executives, including Zhao Ya and Xu Shiyao, to New York.

After a short rest, it was June 3rd.

The Nasdaq Stock Exchange was brightly lit.

Jason, IDG's Global Vice President, Wang Jun, China Representative, and Smith from Sequoia Capital, among others, had been waiting for a long time.

Among the crowd was an elegant middle-aged man—Xiong Xiaoge, President of IDG Asia.

"Chen! My friend, this day has finally come!"

Jason, beaming, came up to Chen Feng and gave him a big hug.

Of course he was happy.

The $22 million he invested a year ago is now about to turn into more than $200 million. This rate of return is enough for him to brag about for the rest of his life in the venture capital world.

"Jason, I'm also really looking forward to today's opening."

Chen Feng responded with a smile, and then, at Wang Jun's introduction, shook hands with Xiong Xiaoge.

"Mr. Chen, I've long admired your name. Fengtian Technology is one of IDG's most successful investment cases in China. Congratulations!" Xiong Xiaoge said sincerely.

"Mr. Xiong, you're too kind. IDG has a keen eye for talent."

After exchanging pleasantries, the group entered the trading hall.

Flashbulbs are going off, and financial media from around the world have already set up their cameras and microphones.

As the first Chinese MP3 giant to be listed in the US, Fengtian Technology has attracted much attention.

After a brief speech and interview, the exciting moment finally arrived.

Chen Feng stood on the stage, with executives and investors who had accompanied him all the way behind him.

He took a deep breath and pressed the start button heavily.

This moment.

Fengtian Technology officially listed on Nasdaq!

The final offering price was set at $16.4.

As the transaction began, the numbers on the electronic screen started flashing instantly.

The checkouts came in like a tidal wave!

The stock price rose almost vertically, opening high and continuing to rise.

In just one morning, it broke through the $17 mark, with the increase exceeding 14% at one point.

The underwriters were all smiles, and the investors were overjoyed.

But this is just the beginning.

After the market opened in the afternoon, bullish sentiment remained high, and the stock price surged all the way up, reaching a high of $23.

Ultimately, the closing price settled at $21.6.

The stock price surged by a whopping 28.9% on its first day!

Based on this calculation, Fengtian Technology's total market value has exceeded the $30 billion mark!