Chapter 427: Taobao listed
June 23, Country M.
After the day's listing roadshow, Boss Ma of Alibaba returned to the hotel where he was staying. When he was about to take a fragrant rose bath, a doorbell suddenly sounded. Boss Ma had to put on his white shirt he took off, then slowly walked towards the door with slippers on his feet and looked through the cat's eyes.
It was Chen Peng who was standing outside the door, holding a bottle of red wine in his hand.
"Why are you here?"
Boss Ma opened the door and asked Chen Peng to come in, and then the two of them sat in the reception room of the suite.
"Taobao will be listed and traded tomorrow. I'm not too happy and can't sleep, so I come here to have some wine and chat with you."
If people from outside know that Chen Peng would say such things, I don’t know what it would be like. After all, in the eyes of people from outside, Chen Peng is a person who is not good at communicating, but from the content he chatted with Boss Ma just now, we can know that the relationship between these two is not ordinary.
"Taobao will be listed and traded tomorrow. Is it a bit too early for us to celebrate now?"
Boss Ma stood up and walked to the wine cupboard behind, and took two transparent goblets.
"So I didn't bring champagne this time. After Taobao will be launched tomorrow, we will open champagne again in the evening."
Chen Peng had already used a bottle opener to open the red wine plug, and then poured it into two goblets without using a decanter.
"Try this Romani Conte. I bought it for $400,000. This is the first time I have invited someone to drink such a expensive drink."
When Boss Ma heard Chen Peng's words, he showed a sincere smile on his face. He knew Chen Peng, and Chen Peng regarded him as a true friend.
Many people say that Chen Peng doesn’t like to talk, but after Boss Ma and Shen Peng became good friends, they found that Chen Peng was not as what those outside said. The reason why Chen Peng gave people the feeling of not being like to talk was that in Boss Ma’s opinion, Chen Peng didn’t want to communicate with those people at all, because everyone’s worldviews are different.
"I look at you, I seem to be worried?"
Chen Peng and Boss Ma touched a glass of glass gently, drank the red wine in the glass, put down the glass, and looked at Boss Ma in confusion, not understanding why he looked so worried.
"You didn't sit in this seat, so you don't understand how I feel."
Boss Ma showed a hint of helplessness on his face. He raised his head and drank the remaining wine in the wine glass in one sip, then put down the wine glass, and looked at Chen Peng with a rosy face.
"I'm under a lot of pressure now. Although Taobao's roadshow subscription results are very good, these cannot guarantee that the stock price will perform well after Taobao is listed. The most important thing is Lin Feng."
After hearing Boss Ma's words, Chen Peng frowned and asked in confusion: "If you are worried that the stock price trend will not be ideal after Taobao is listed, I can understand that I can't explain to your shareholders, but what does this have to do with Lin Feng?"
Boss Ma showed a helpless smile, picked up the bottle and poured himself another glass of wine, picked up the wine glass, and looked at the red wine inside through the glass.
"You have also been in contact with Lin Feng. What do you think of Lin Feng?"
Boss Ma put the edge of the cup to his mouth. This time he didn't finish his drink, but took a sip and then looked at Chen Peng.
"Although I don't have much contact with Lin Feng, I always feel that there is something on him that he doesn't have in his age, but I can't say what it is."
Chen Peng picked up his wine glass and touched Boss Ma for a while.
"It's ambition and scheming."
Boss Ma's words flashed through Shen Peng's mind like lightning, and immediately made him feel enlightened. Yes, this is what Lin Feng gave him.
It is normal for young people to have ambitions, but it is like Lin Feng, who is of such great ambitions at his age, which Chen Peng has never seen in his life.
Chen Peng felt that he was already an ambitious person and had a good time in his life, but compared with Lin Feng, it was a huge difference.
When Chen Peng thought of his hard work and study in college at Lin Feng's age, Lin Feng was already galloping in the world's capital market, and he suddenly felt a little hot on his face.
"I haven't drunk much yet, why are I a little drunk?" Chen Peng touched his hot cheeks and muttered in a low voice.
"What did you say?" Boss Ma, who was sitting opposite him, asked in confusion.
"Nothing." Chen Peng quickly opened the topic, "Then why are you worried about Lin Feng? Could it be that he can also affect Taobao's listing?"
Boss Ma looked at Chen Peng with a wry smile, "It's because I don't know what Lin Feng has to do that, that's why I'm worried."
......
Boss Ma didn't know Lin Feng would do this, but Lin Feng had already prepared a luxurious gift package for him.
"Zou Ming, how are Dangdang.com's stocks sold?"
At this time in Binhai, Lin Feng was standing in front of the floor-to-ceiling window in the office talking on the phone with Zou Ming.
"Boss, it's been going well. I have sold half of Dangdang.com's shares. The remaining shares can be cleared at any time as long as I think about it."
"Very good, then don't clear the position first. Leave it until the critical moment, these shares can become a 'fuse' in the stock market. How can I ask you to short Dangdang.com?"
Zou Ming on the other end of the phone paused for a few seconds before saying slowly: "Because the stock price of Dangdang.com was very strong this week after the listing of Dangdang.com, I spent a very small price to short the large number of Dangdang.com positions. At the same time, I also found several intermediary companies here and shorted Dangdang.com's stock price through options and other financial derivatives. I believe that we should be the largest short seller in the market at present."
After hearing Zou Ming's report, Lin Feng's mouth raised slightly, and it seemed that everything was ready. Next, wait for the best time to come.
Thursday, June 24.
After a crisp bell rang out of the stock exchange in M Country, Taobao Company was officially listed in M Country with an issue price of 30 US dollars and an opening price of 29 US dollars.
Although Taobao's stock price opened low, it was quickly pushed up by a huge amount of paying orders. In just ten minutes, the stock price had exceeded 40 US dollars, and Taobao's market value also successfully exceeded 20 billion US dollars.
The sharp rise in Taobao's stock price began to drive other Chinese stocks listed in M Country to rise. Among them, the stock price of Dangdang.com, a popular stock not long ago, directly started the "crazy bull" mode from 70 yuan per share, soaring to 100 US dollars per share.
With the stock prices of Taobao and Dangdang.com set an example in the front, other Chinese stocks have also begun to soar. The M-country stock market index, which had been falling for more than a year, began to rise continuously.
Although the market index continues to break through one important position after another, the entire Wall Street suddenly seemed to have the icy world suddenly ushered in the breath of spring, and everything began to sprout.
The usual deserted investment banking company suddenly began to receive calls from more and more customers, asking to buy stocks, so the funds on Wall Street began to slowly pour into the stock market after more than a year of silence.
This day is destined to be a carnival in the capital market. Every person walking on the street after get off work is filled with joy, and becomes particularly charming under the golden brilliance of the setting sun.
At the close of the day, Dangdang.com's closing price was 101 US dollars, while Taobao's stock price was 90 US dollars.
On the day of Taobao's listing, its stock price rose by 200%, and its market value exceeded 45 billion US dollars.
The stock market opened on Wednesday.
Just when many people thought that Taobao’s stock price was about to start to surpass Dangdang.com, an accident occurred.
A large number of Dangdang.com sell orders suddenly emerged from the market. In just half an hour, Dangdang.com's stock price had fallen below 90 US dollars per share, and the stock price was still falling.
At the same time, Taobao's stock price successfully exceeded 100 US dollars per share, but affected by the continuous decline of Dangdang.com's stock price, Taobao's stock price did not continue to rise sharply, but instead started a volatile mode.
Suddenly, a rumor spread on Wall Street. Someone spent $20 billion in the financial market to short Dangdang.com. The news was quickly confirmed by many investment banking companies that their company has indeed recently sold a large number of Dangdang.com put options and various financial derivatives.
Then someone revealed that in the week after Dangdang.com went public, about 25% of the circulating shares suddenly increased on the market.
Many investors who don’t know the situation call their brokers and ask them to sell all their shares, whether it is Dangdang.com or other companies’ stocks, all of them are cleared.
In the past year, those investors have been a little panic by the subprime mortgage crisis. The main reason is that there is a little negative news about the market, and they will immediately withdraw funds and wait and see.
So the stock price of Dangdang.com has not fallen much yet, and the stock prices of many other companies have begun to fall sharply, and the market index has also begun to plunge sharply.
At the beginning, it was just a stock with a very small trading volume plummeted, followed by companies with a small market value plummeted, and finally companies with a market value of tens of billions of dollars also began to plunge in stock prices. The entire market kept selling stocks, and no one cared about whether they would lose money, just take out the money first.
The avalanche effect still appeared.
This day is destined to be a "black Wednesday" for the stock market in Country M.
Dangdang.com's stock price began to plunge, closing at 50 US dollars per share that day, with a decline of 50%. At the same time, Dangdang.com's management received a letter from the exchange, hoping that they could accept why the outstanding shares in the market suddenly increased.
Chapter completed!