Hong Kong's new giants

Chapter 598 [Two Giants IPO]

Beginning of October.

Xiaomi Technology announced that it will be listed on the Hong Kong Stock Exchange on October 10, issuing 16 million shares (accounting for 5.4% of the total share capital), raising 15 billion Hong Kong dollars for the research and development and production of electronic products.

Prior to this, Xiaomi Technology also issued 15% to institutional investors, New Times Group obtained 10% of the shares, and other institutions only had 5% of the shares.

In other words, Xiaomi Technology has obtained a cash flow of about 80 billion at once, and these funds will be used for the development of the company's technology business.

除了发行的30%公众股以外，剩下的70%股权分别是：经纬资本40%、邹凯旋15%、职工基金公司15%。

That is to say, the incentive equity accounts for 15% of the total share capital, but it is all through the employee stock ownership fund company, and the rewarded employees hold internal equity in the 'employee fund company'.

10 month 2 day.

The press conference held by Xiaomi Technology, in addition to introducing the company's business, also described the profit prospects for investors.Zou Kaixuan, as the chairman and CEO of the board of directors, attended the press conference.

"It is expected that the total sales volume of VCDs in the mainland this year will exceed 1000 million units, and the sales volume of Xiaomi Technology will exceed 400 million units. The company holds 80% of the equity in decoding chips and can also earn a lot of money."

"The USB flash drive released by Xiaomi Technology in the first half of the year is the world's first USB flash drive, which will bring a lot of profits to the company in the future, as well as a large amount of patent royalties."

"Xiaomi Technology's mobile phone products are also very popular in the Mainland, Hong Kong, and Southeast Asia."

"The 'Little Smart' that Xiaomi Technology is developing is a mobile phone based on PHS technology. Considering the population technology in Asia, the users of this product may exceed hundreds of millions of users."

Every time Zou Kaixuan described one item, the crowd couldn't help exclaiming in a low voice, with incredulous expressions on their faces.

The whole press conference showed an excited state, of course, some people raised doubts!

"As far as I know, there are hundreds of counterfeit VCD manufacturers in the mainland, and the market for Xiaomi VCDs is being eaten up step by step!"

Zou Kaixuan said: "This is expected, but with the quality and reputation of Xiaomi VCD, I believe it can firmly maintain a 30% market share. At the same time, other products of Xiaomi Technology have succeeded one after another, and it is no longer the case. Rely on a single product to succeed."

The reporter added: "Currently, Xiaomi Technology has not replaced the important product of VCD player, am I right?"

Zhou Kaixuan: "Of course not! Just a small USB flash drive is behind a market of hundreds of billions of dollars. We can enjoy hundreds of millions of Hong Kong dollars in net profits every year with only patent fees. And our mobile phone business is increasing step by step. Think about it, everyone, the mainland market.”

Everyone nodded. Xiaomi Technology has developed very well in the mainland. It has technology, background, and successful experience. It is indeed a good company.

Although Lin Zuhui did not attend the press conference, many people know that he is the boss and the biggest investor behind it.As for the relationship with Zou Kaixuan, in fact, many people have guessed it, but they will not reveal it clearly.

The next day.

At the gates of the stores of the ten designated banks, citizens of Xiangjiang formed a long queue to receive the 'Xiaomi Technology New Shares Subscription Application Form'. Among the people who received the watch, there were elderly people, Filipino maids, women with babies, and others. Many of them are messengers assigned by the company to pick up the watches.

The IPO activity is so crazy, in addition to being a technology stock, the shareholders have a prominent background, and the number of shares for public offering is limited, which naturally caused a sensation.According to estimates, it is not surprising that the oversubscription ratio reached hundreds of times.

The listing of Xiaomi Technology was very smooth. In late October, the market value once approached 400 billion Hong Kong dollars, creating a technological myth in Xiangjiang.Of course, half of the reason behind this myth is Lin Zuhui's 'myth'.In recent years, Lin Zuhui has had a great influence in the scientific and technological circles, especially in the American scientific and technological circles. He has a huge influence and his investment has been quite successful.

The stock of Xiaomi Technology has not yet gained a firm foothold. Lin Zuhui's financial company, Octopus Bank, also announced its listing in late October, which immediately attracted investors to buy again.

Although the IPOs of the two companies are both around 300 billion, which is a record-setting IPO for Heung Kong, after all, only 15% of them are issued to the public, so there are still more monks and less meat.

Octopus Bank has issued a total of 25% of the public shares, of which 10% are institutional investors, and the public still only has 15% of the quota.The Octopus IPO amounted to a full 300 billion, raising about 70 billion or so.

The reason why it is so high is that Octopus Bank has tens of billions of cash flow in its account; even compared with the Bank of East Asia at the same level, Octopus is worth more than 300 billion, because the market value of Bank of East Asia is about 350 billion.

However, the approximately 70 billion funds raised by Octopus Bank in its IPO are all considered as the sale of shares, so this part of the funds should belong to Octopus Financial Group, not to Octopus Bank; it is equivalent to a spin-off listing.

Even so, Octopus Bank has a cash flow of tens of billions of Hong Kong dollars, and an annual profit of more than 30 billion, and its market value is heading towards 500 billion.

In the meeting room of Octopus Bank, Lin Zuhui was having a meeting with senior management.

"After the company goes public, stability is still more important than anything else, and there is no need to rush to expand business. Not only that, but the Asian economic bubble has emerged, and we must be cautious. For example, the real estate industry in Xiangjiang has reached a level that is unbearable for the public. We have to consider tightening real estate loans!" Lin Zuhui said.

The liquid funds on the account should be reserved for Southeast Asian banks and Korean banks, rather than investing in a hurry.As for the reminder to tighten real estate loans, there is no need to worry about leaks. After all, even if Lin Zuhui publicly appeals in the newspaper, it will only last for a few days. Everyone should speculate in real estate and stocks soon.

He Changhong nodded, he knew that the boss was still very conservative towards commercial banks, otherwise there would be no big moves these years.But even so, Octopus Commercial Bank still has an advantage in attracting deposits by virtue of its 'Lin Zuhui' signboard.

"Okay, boss! The company is still running its business step by step, developing steadily and improving service quality."

Lin Zuhui said with satisfaction: "I don't want Octopus to develop into HSBC, but I hope to have excellent retail banking business like Hang Seng Bank."

The so-called retail banking business refers to the comprehensive and integrated financial services provided by commercial banks to individuals, families and small and medium-sized enterprises by using modern management concepts and relying on high-tech means, including deposit and withdrawal, loans, settlement, exchange, investment and wealth management Waiting for business.

A group of high-level executives responded one after another. The boss's positioning was accurate, and he did not become bigger in a daze.

But having said that, the two banks inherited by Octopus Bank are both established banks with good overseas business channels and experience, which also allows Octopus Bank to have a large customer base overseas.

(End of this chapter)