Reborn as a tycoon in Hong Kong

Monday, October 29, 1979.

If this day were changed to the Chinese lunar calendar, it would be the Double Ninth Festival on September 9th.

Galaxy Games officially landed on Nasdaq on this day and became the company with the largest market value when listed on Nasdaq since its establishment.

For this reason, the listing of Galaxy Gaming Company is highly valued by Nasdaq. Nasdaq takes the initiative to help promote it, aiming to attract more companies to list on Nasdaq.

Nasdaq, founded in 1971, was not well-known in the era before Apple went public. The Nasdaq index it founded has not yet reached 200 points in 1979, and it is different from what it was 40 or 50 years later. The difference is dozens of times greater.

On the day Galaxy Games went public, Lin Baicheng must have come over. Many people from the management of Galaxy Games also came, and many shareholders also came to the scene, not to mention market makers such as Goldman Sachs and Citigroup.

As the stock market opened, Lin Baicheng, as chairman, rang the bell and Galaxy Games stock could be officially traded. Everyone was staring at the screen waiting for the first trading information to appear.

Nasdaq uses an electronic trading system, which means it uses computers to trade. There is no need to queue up for traders to place orders, and the transaction speed is still very fast.

The stock code of Star River Game Company on Nasdaq is XHYX. Lin Baicheng directly uses the letters of the Chinese name as the stock code instead of using the letters of the English name Star River Game.

The issue price of Galaxy Games is US$16 per share, so the initial bidding stage is very important, as it affects whether the share price of Galaxy Games will fall below the issue price.

"Don't worry, Allen. We at Goldman Sachs have already made an agreement with some institutions that are also shareholders of the company. They will allocate some funds to support the company, so the company's stock price will definitely not fall below the issue price."

Wade Thomas told Lin Baicheng that he represented Goldman Sachs today because he was following up on the listing of Galaxy Games and it was his performance.

It is said that the listing of Galaxy Games has made market makers such as Goldman Sachs and Citigroup a huge profit. Of the US$640 million raised by Galaxy Games, 4% will be given to market makers as consulting fees, underwriting fees and other expenses. Galaxy The total funds raised by game companies are only 96% of the US$640 million, or US$614.4 million.

Although several market makers such as Goldman Sachs did something, they made more than 25 million US dollars without spending any money. It is not too easy.

"The company now has sufficient funds on hand. If the stock price really falls below the issue price, it will just repurchase the shares at that time."

Lin Baicheng smiled and said, but he was worried that Goldman Sachs would join other institutions to deliberately suppress the stock price of Galaxy Games, so he was warning Goldman Sachs.

Everyone cooperates for profit. If Goldman Sachs and other institutions believe that suppressing the stock price of Galaxy Games can make them tens of millions or even hundreds of millions of dollars in profit, Lin Baicheng is sure that Goldman Sachs and other institutions will definitely be willing to do that. They will not compete with the United States. make life difficult for.

"Just keep the company's funds for development. With us here, we will definitely not let the stock price fall below the issue price."

Wade Thomas immediately said that Goldman Sachs did team up with several institutions to sell the stock of Galaxy Games, but they were not short-selling, but long-selling to stir up the stock price of Galaxy Games. When the six-month lock-up period is up, Goldman Sachs will sell the stock again. And other institutions sell the stocks they can sell at high prices, thereby making a lot of money.

Whether you are long a stock or short a stock, there are risks.

However, Goldman Sachs and other institutions are not worried. First of all, they are strong, and secondly, the price-to-earnings ratio of Galaxy Games stock is not high, but the company's profits are very high. Although it cannot be said to be undervalued, it is definitely not overvalued. Therefore, as long as they do not raise the stock price too high, the risks will be limited and within the controllable range.

The risks are controllable and the profits are quite high. How could you not do this kind of business?

As time passes, the first deal appears on the screen.

It is US$18.41, an increase of 15% compared to the issue price of US$16. Obviously, this increase has satisfied the investors.

"Crack!".

Financial reporters who were invited took pictures of the scene.

Galaxy Games also sent an employee to shoot, and the scene was also captured and will be archived in the company as historical data.

"Pa bang bang~~~"

The first transaction appeared, and it was completed at a 15% increase. Lin Baicheng and the shareholders were very happy, and there was warm applause.

"Alan, congratulations!" "Congratulations!".

Many people congratulated Lin Baicheng. He is the chairman of this company and holds the largest number of shares. It can be said that he has made the greatest profit.

As the first transaction appeared, the subsequent transaction volume gradually increased.

After a slight shock at 18.5 US dollars, Galaxy Games' stock price slowly moved downwards, and investors who made huge profits sold their stocks.

However, the stock price of Galaxy Games did not fall below the price of $18. After fluctuating between $18 and $18.5 for a while, as the sales continued to decrease, the stock price began to rise, gradually breaking through the price of $19, and is still rising.

“I don’t know if the stock price can exceed $20 when the market closes today.”

Lin Baicheng secretly thought in his heart that although the short-term rise and fall of the stock price had nothing to do with him due to the six-month sales restriction period, and he could not sell the stock in his hand, he definitely hoped that the stock price would rise as high as possible, so that the stock price in his hand would The stock will be more valuable.

The higher the stock price is, the more investors make money from Galaxy Games, and more investors will pay attention to it, and more investors will buy this stock.

What's more, if Lin Baicheng wants to use Galaxy Games' stocks to mortgage a loan, the higher the market value of the company, the more funds he can get for the same amount of stocks for a loan.

Anyway, no matter what, it is definitely better to have a high stock price than a low stock price after listing.

After the market closed in the morning, Lin Baicheng and others left Nasdaq. The closing price of Galaxy Game Company in early trading was US$19.48, and the highest price could break through US$20, but it soon fell back. How much gains it can make today depends on how the stock price moves in the afternoon.

Lin Baicheng took the management of Galaxy Games and some friends to the hotel for dinner.

Galaxy Games went public today. Lin Baicheng not only brought his sister Lin Qin, but also invited Deng Lijun and Lin Qingxia, as well as Iwasaki Mineryu, Phil Smith, and Logan Rockefeller as shareholders.

In addition, Bao Yugang, Huo Yingdong, Guo Henian and others also sent juniors over and are also present today.

At noon they just had a simple meal and then left.

After the Nasdaq opened in the afternoon, shares of Galaxy Games continued to trade.

The stock price rises and falls. When Galaxy Games' stock price reached the price of 20 US dollars, it increased by 25% compared with the opening price of 16 US dollars. This increase is not low. After all, Galaxy Games is listed with a market value of 3.2 billion US dollars. 25 % increase is equivalent to US$800 million.

At 4 p.m., the Nasdaq closed.

Today, Galaxy Games closed at US$20.35, an increase of 27.19% on the day, with a total market value of US$4.07 billion.

Lin Baicheng holds 59% of the shares of Galaxy Games, equivalent to about US$2.4 billion.

The current market value of Galaxy Games has not reached Lin Baicheng's psychological price. Not to mention that there is a six-month sales restriction period. Even if there is not, he will not sell the stocks at the current price.

Today, the stock price of Galaxy Games went public and soared. Of course, the originally planned celebration party had to be held, and it was held at the Hilton Hotel.

Around 7pm, Hilton Hotel.

Even if the shareholders who hold a lot of shares of Galaxy Games Company do not come in person tonight, they will send people to attend the celebration banquet. The stock price rose sharply on the day of listing, which is a good thing for all shareholders.

As the center of the celebration banquet, Lin Baicheng was very busy socializing.

Fortunately, Lin Baicheng had subordinates to help him share the burden. People without a certain status were not qualified to greet and chat with him. Bill Harveys and others were there to deal with it.

After socializing, it was free time. Lin Baicheng went to his sister Lin Qin and others.

Lin Qin stayed with Lin Qingxia, Deng Lijun, Guo Kongchen and others, and she was sharing her joy with them. She holds 1% of the shares of Galaxy Games and is worth more than 40 million US dollars. Although the money is not cash, it is enough for her to be happy.

"Brother, I am also a billionaire now."

Lin Qin happily held Lin Baicheng's arm. If more than 40 million U.S. dollars were converted into Hong Kong dollars, it would be more than 100 million.

"Whenever you earn more than 100 million, you will never be too late to be happy."

Lin Baicheng struck a blow because he didn't want Lin Qin's character to change and turn into the kind of rich second generation who only knows how to live in debauchery.

Lin Qin was very unhappy after hearing this: "Humph, I will do it for you to see."

"Then I'll wait."

Lin Baicheng smiled. In the future, he would definitely give Lin Qin a sum of money to try to start a business like those wealthy families do when raising their children. He only hoped that she would be able to work hard to start a career of her own.

With Lin Baicheng here, Lin Qin will definitely not be short of money in the future, but not being short of money and having his own career are two different things. The former can only be regarded as a worm waiting to die, but the latter is an entrepreneur and respected by everyone.

"Baicheng, we haven't congratulated you yet. Your net worth is about to rise again." "Congratulations, Baicheng!"

Deng Lijun and Lin Qingxia raised their wine glasses and signaled to Lin Baicheng that the current market value of Galaxy Games, based on Lin Baicheng's 59% shareholding, in Hong Kong dollars, is exactly about 10 billion Hong Kong dollars. This company alone has provided Lin Baicheng with A net worth of tens of billions of Hong Kong dollars.

"Thanks."

Lin Baicheng raised his glasses and clinked them with Huo Zhenting and others who congratulated him.

"Alan!" "Jun Lin!"

As the greeting sounded, it was Phil Smith, Mineryu Iwasaki and others who came over.

Lin Baicheng knew that Iwasaki Mineryu, Phil Smith and Lin Qingxia were not in the same circle, so after a brief introduction to them, he went aside to talk with Iwasaki Mineryu and others.

After a few people chatted for a while, Lin Baicheng said: "You three, what are your thoughts on the joint investment in the mobile phone industry that I told you a while ago?"

When Logan Rockefeller heard this, he was the first to say: "Alan, I will not participate in this investment." After he went back, he calculated and found that the investment was too big and he couldn't bear it.

Mineryu Iwasaki asked: "Lin Jun, with an investment of US$4 to 5 billion, can we make a commercial mobile phone?"

Lin Baicheng told the truth: "It's probably not possible. Maybe the total investment will be no less than one billion US dollars."

"Alan, this investment is too high and the time is too long. But if you don't mind, I can invest 20 to 30 million US dollars."

Phil Smith asked someone to conduct an investigation, and his subordinates told him that he was not very optimistic about the mobile phone market because a mobile phone worth several thousand dollars was too expensive.

"Lin Jun, I can only invest 20 to 30 million US dollars."

Iwasaki Mineryuya said that his subordinates were also not optimistic about the mobile phone market. He invested the two to thirty million US dollars based on his trust in Lin Baicheng.

"In this case, I and others will invest US$450 million, and each of you will invest US$25 million. The total initial investment is US$500 million, and each of you will hold 5% of the shares."

Lin Baicheng thought for a while and said that he could tell that these two people were not very willing to invest in Sun Electronic Communications Company, but after the development of commercial mobile phones, it would be best to have partners in the American and Japanese markets, so he still pulled these two people on board.

"Okay!" "Just do what you say, Mr. Lin."

This time Phil Smith and Mineryu Iwasaki did not refuse.

"Then the matter is settled."

Lin Baicheng said as he raised his glass and clinked it with the two of them.

Seeing that the three people had reached an agreement, Logan Rockefeller couldn't help but said: "Alan, are you so confident in this industry? You have invested so much."

"I can only say that I believe that as long as you are willing to invest in research and development, there will be returns sooner or later."

Lin Baicheng replied, and then said to Phil Smith and Iwasaki Mineryu: "But this is a long-term investment. It is normal for there to be no returns for several years. I hope you can stick to it."

"Don't worry, Mr. Lin, I will advance and retreat together with you."

Iwasaki Mineryu immediately said that anyway, his investment only accounts for 5% of the shares. Even if there is more investment, it will not be much. As for the time, even if it takes a little longer, he can accept that tens of millions of dollars will not be profitable for a long time.

"Alan, that's what I mean too."

Phil Smith nodded in agreement.

After all, Phil Smith and Iwasaki Mineryu made a lot of money relying on Lin Baicheng, so they now have some capital. Even if their investment of tens of millions of dollars suffers a loss, they can accept it, so they have such a good mentality.

It's different when it comes to Logan Rockefeller. He only made a little money following Lin Baicheng. If his investment of tens of millions of dollars suffers a loss or becomes a fixed asset that cannot be moved, it will be a huge loss for him and he cannot afford it. That's why he couldn't participate in investment.

Lin Baicheng nodded when he heard this and chatted with them about other things.

After the dinner, everyone went back.

At this moment, Lin Baicheng did not know that after reports at noon and evening, many Americans already knew that there was a young super-rich man like Lin Baicheng in Xiangjiang in the Far East.

With a net worth of no less than US$7 billion, in 1979, he was definitely a rich man, a big capitalist, and respected in the United States.