I was reborn and stayed in school to lie down. I really don’t want to roll anymore!
Chapter 444: Market value of billion US dollars!
On the Nasdaq trading market, Totoro Technology's shares were officially issued at a price of US$18 per share.
Just after the issuance and trading were released, investors in the entire market seemed to be still hesitant.
The stock price fell two cents before strangely settling at $17.98.
This situation remained stable for about two minutes after the opening before it began to fluctuate slightly.
The stock price continued to fall to $17.66, and then rose slightly to $17.79.
After the opening, it remained stable in this range for about 10 minutes.
Although it is not the expected big increase, it is already satisfactory enough for Jiang Hao and all the shareholders.
After all, the $18 price tag itself is an extremely high price-to-earnings multiple.
If the price can be stabilized and all the shares can be listed and sold, the IPO will ultimately be a great success.
"Come on, let's take a photo outside."
The pictures inside the Nasdaq exchange were enough.
And the staff of the exchange also waved at him at this moment.
Jiang Hao led everyone outdoors, which was New York's Times Square.
Even at this time in the morning, there was a constant stream of people coming and going outside.
But at the intersection, there were five or six police cars with bright lights nearby.
For the people from Totoro Technology, a special area was cordoned off for them to take group photos.
"Brother Jiang! I never thought that I, Lu Weiming, would have the opportunity to see my company ring the bell in my lifetime!"
Once outside, everyone, who were already unable to hide their emotions, let go completely.
Especially Lu Weiming, who invested only 200 million yuan in a company back then.
It feels like a dream to have reached the point where our company is listed on the Nasdaq today.
He still remembers that he was in the car taking Jiang Hao back to school.
When he proposed two million yuan in funds, Jiang Hao's face showed obvious confusion and surprise.
It’s only been less than four years!
"Haha~! Weiming, you can't believe it, right?"
"I still feel like I'm dreaming, luckily my bet was right!"
Professor Zheng, who was dressed in his usual elegant suit, also laughed out loud at this moment.
Looking at the hot domestic and international stock markets in the second half of the year, the earliest news of a rate cut was actually released by the central bank.
His old partners at Yifan Capital have all made a ton of money, so it would be a lie to say that he wasn't touched.
Even though he had chosen to believe in Totoro in the end, and before he could waver in his heart, he bet all his liquid funds on Dibao.
But in my spare time, I still couldn't help thinking about what the situation would be like now if I hadn't quit Yifan.
Fortunately, the Totoro did not disappoint his expectations and was officially launched in the second half of the year!
At this moment, a group of people from Totoro Technology have already stood at the intersection with the best viewing angle to take photos with the Nasdaq big screen.
The core position of the C position is naturally Jiang Hao and Senior Sister Yu.
Senior Sister Yu also followed the same dressing style as the rest of the group, wearing a black business suit that made her look younger and more casual.
The upper body of the man leaned towards the man on his right.
This man is naturally our protagonist today, Jiang Hao.
At this moment, Jiang Hao was wearing a well-tailored and exquisitely designed pure black handmade business suit that had been custom-made half a year in advance.
The slender and upright figure is perfectly outlined, and every line appears smooth and natural.
A dark gray tie is tied at the collar, which complements the overall tone, looking youthful and solemn!
In front of the camera, the handsome men and beautiful women in the center are particularly eye-catching.
Even though Jiang Hao's face cannot be called handsome, he always reveals a sense of determination.
His eyes were deep and bright, revealing a restrained confidence and majesty.
"Click~!"
There were a lot of camera recording sounds around.
Except for the sound of the camera that Nasdaq used to take pictures for them.
There were also passers-by in Times Square taking photos, as well as interviews from various media outlets.
At 9:55 am, the entire process for Totoro Technology's listing was finally completed.
When Jiang Hao had time to pay attention to his company's stock price again, he found that the stock price had changed completely.
As of 9:43, the stock price of Totoro Technology was still hovering between US$17.6 and US$17.8.
But after that, suddenly a big positive line stretched out rapidly.
It was instantly raised to $18.3, and that was not all. The price continued to rise in the next few minutes.
When he looked now, the stock price had reached $20.77.
At this moment, various institutions on Wall Street had already been paying attention to Totoro and originally wanted to continue buying its shares at a low price.
Unexpectedly, the price was pushed up suddenly by some unknown organization.
Out of optimism about Totoro Technology, especially the live entertainment streaming industry.
All major institutions have stopped holding back and are rushing to buy stocks.
This also keeps the stock price of Totoro Technology high.
The stock price finally stabilized at $21.31 at the close of morning trading.
As for the afternoon opening, although it was pulled up in the early stage, the highest stock price even reached US$23.
But at the close of trading, the stock price finally fell back to $22.3.
For the entire afternoon, everyone was checking the stock price in a special lounge.
Everyone's mind fluctuates with the ups and downs of the stock price.
However, Jiang Hao's mind completely calmed down after the market closed.
The fact that the stock closed $4 higher than the issue price was completely beyond his expectations.
In fact, he would be satisfied as long as the stock price could remain stable above $16.
The current share price of $22.3 also means that the market value of Totoro Technology has officially exceeded $ billion!
This is an achievement that any company can be proud of.
The account of Totoro Technology will also receive a huge sum of money, and the actual amount of financing from this IPO is more than 30 billion US dollars.
Cash equivalent to more than 200 billion RMB will actually remain in Totoro’s account!
What does this cash mean?
It is no exaggeration to say that Jiang Hao can even use this cash to leverage funds from banks and other financial institutions.
In Songjiang City, you can even set up your own company and develop a new urban area!
Of course, the prerequisite is that the government is willing, and various institutions are willing to use their funds to leverage these resources.
After the IPO, the current shareholders' shares of Longmao Technology have been diluted again.
This excludes the dilution of the company's previous option pool.
Today, Tencent has become the largest shareholder of Totoro Technology, holding about 20% of the shares.
As the chairman and founder, Jiang Hao currently ranks second in terms of stock share, holding 18.15%.
Hillhouse Capital ranked third, holding 11.06% of the shares.
Lu Weiming, the earliest angel investor, currently holds 3.9% of the shares.
Qishan Capital currently owns 2.81% of the shares.
Sequoia Capital and IDG Capital hold approximately 1.5% and 1% respectively.
Of course, after their listing, Sequoia Capital and IDG Capital have reabsorbed a lot of circulating shares, and the specific equity they hold still needs to be calculated.
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