Goldman Sachs (Asia) is the global coordinator and sponsor of Tengxun's listing, and has issued 420.2 million shares at a price of HK$4.52 per share, raising approximately HK$1.9 billion (US$243 million), with a market value of approximately HK$7.6 billion (US$976 million).

Based on the issue price of HK$452 million, Xiao Ma Ge, who owns 14.43% of the company's shares, has personal assets of nearly HK$1.1 billion.

On the day of Tengxun's listing, its stock price ushered in explosive growth and opened at a gap. As of the closing price of HK$7.30, an increase of 61.5%, and its market value reached HK$12.274 billion. Brother Ma's value soared to HK$1.77 billion that day.

On this day, investors and investors of all sizes of Hong Kong stocks were crazy about this capital feast.

The changes in these huge numbers in a blink of an eye are not just the transformation of numbers, but the fluctuations in the k-line chart, but the most important thing is the fluctuations in wealth, and this is the most crazy thing.

On this day, Tengxun, one of the four major Internet companies in China, was the first to successfully launch IPO. For a startup company, realizing IPO means that this "entrepreneurship game" has been completed. Tengxun took about 6 years to pass the level, and it was a new beginning after listing. The final result can only be known if it continues.

This day is destined to be the highlight of Tengxun, and no one can grab the headlines in the industry, but except for Blue Star Technology, it still takes advantage of the situation, because Blue Star Technology has also been frequently mentioned in the news of Tengxun's listing.

Industry insiders can only think about it and find that on the eve of Tengxun's listing, Blue Star Technology suddenly released a piece of information. What is rare is that this piece of information should not be too complete. The industry unanimously believes that Tengxun's listing soared by 60% on the day of its listing, and its 9.45% stake in Blue Star Technology played a great role. According to Blue Star Technology's current valuation, this equity may be a premium of about US$500 million, equivalent to one-third of Tengxun's current total market value.

One of the four major Internet companies, "balt", has completed its listing, and industry insiders and the media industry are also paying attention to which one will be. After all, the other companies should be about to go public.

However, it is definitely not Blue Star Technology, and the reason is very simple. There are two reasons. The first is that Blue Star Technology has reached the B round of financing stage. Although it is not necessary to have all abcdef before it will be listed, the second reason indirectly proves that Blue Star Technology will not go public in the short term, that is, it has not created a profit of one yuan so far.

It’s not that Bluestar Technology cannot make money, and no one will think so. It’s because Luo Sheng has been suppressing the company from rushing to cash in and profit, which is for greater ambitions.

This is also the reason why many industry insiders admire Luo Sheng very much. They can make profits quickly but can always hold back. This is not something that ordinary people can do. They not only have to restrain themselves, but also deal with investors.

Many people are extremely looking forward to what kind of grand occasion it will be when Bluestar Technology officially monetizes its traffic.

The industry's biggest call is Baidu, because at the beginning of this year, Baidu was also reported to be listed in the United States next year.

Baidu is actually very uncomfortable now because Luo Sheng has once again muddled the domestic search engine market that was gradually clear. Until now, who can break through the siege is still full of fog.

Most people believe that Baidu is the most likely to become the second listed company among "balt", because it is likely to become increasingly difficult if you don't seek to go public.

As for Alibaba, Alibaba can generate 1 million yuan in profits every day, which is many times better than the time in 2002. That year, Ali was really dead for a lifetime and the company almost disappeared.

But Ah Li also has no plans to go public in the near future. She is now in a fight with ebay. There are still domestic peers who have not solved it because ebay has a high competitive pressure and cannot take action to solve it.

...

On the morning of the next day, June 17, Luo Sheng took the initiative to call Xu Chenghua to congratulate him.

"To be honest, if we didn't have this 9% shareholding in your company, we wouldn't dare to set the issue price to HK$4.52, but rather HK$3.7. But unexpectedly, the opening of the day opened higher. After roughly counting this, the company's total market value will be at least doubled."

At this moment, Luo Sheng was talking on a phone with Xu Chenghua, and then he learned that Tengxun's previous plan was to set the issue price of HK$3.7, and it was expected to raise about US$200 million. However, because he held about one-tenth of Blue Star Technology's equity, he discussed it and raised it to HK$4.52 in US stocks and raised US$240 million in IPO, but the result was still underestimated the market's expectations.

The communication was over after a few minutes of communication, and everyone was very busy.

Luo Sheng stayed at Bluestar Technology for two hours and opened an executive to learn about the company's operating status and the development process of the [Bluestar Video bluestarvideo] project, and then went to the Costa del Blue.

His current focus is basically on the Costa ça, and two-thirds of his working hours are on the "Costa ça Lab". As soon as the Costa ça company was established and the highly confidential [azure] project plan was launched, Luo Sheng's focus was undoubtedly on the Costa ça company.

Luo Sheng is undoubtedly an innovator in founding Blue Star Technology and launching Internet products, because the products he has never made in the industry.

As for the products that the Costa del Azure project is planned to make, Luo Sheng is undoubtedly the challenger, and the target of the challenge is also a behemoth, one more than the other. He is a real industry giant, and not one or two. Anything like Apple, Motorola, Benmai, BlackBerry, Nokia...

...

As time goes by, Tengxun's popularity of listing has finally gradually declined in the industry. After the company's market value reached the line of HK$16.2 billion, it finally stopped the surge curve.

On June 21 this year, the search engine sector of Blue Star Technology officially launched the related supplementary product of Yunge Search [Yunge Knows] on this day. This is an interactive knowledge question-and-answer sharing platform based on search. Luo Sheng set up a creative idea. Yu Jun served as the product manager. As early as February this year, Yu Jun led a team to develop it.

[Yunge Knows] There was no grand product launch conference held online, it was launched as scheduled.

...

The next day, Baidu Company headquarters.

In a conference room, Mr. Li held an interim meeting with people from the company's operations department and several senior product managers.

"Blue Star Technology Company launched a related product of Yunge Search in a low-key manner yesterday, called [Yunge Knows], an Internet product based on search-based interactive knowledge Q&A. What do you think?" Mr. Li said in a deep voice.

Perhaps except for Luo Sheng's Blue Star Technology, other Internet companies have a strong sense of crisis. Among the four giants "balt", the sense of crisis in whiteness may be the largest since last year. The other three are developing in an increasingly better and better direction, but whiteness seems to be doing the opposite...

It is no exaggeration to describe the company as being attacked from both sides. Although it accounts for more than half of the search engine market share, it does not dare to take it lightly. From the beginning of Blue Star Technology's launch of Blue Star Music, Baidu quickly acquired Qianqian Music to consolidate its moat for mp3 music search.

Baidu is really anxious now.

A senior product manager at the meeting was using Yunge Search on his laptop. After experiencing the competitor's new products, he said: "How to say the newly launched products of Blue Star Technology, I think it can be regarded as a supplement to the Yunge Search function. The biggest highlight is that users raise questions based on targeted questions, mobilize other users through the points reward mechanism to solve problems and enrich the search mode."

The product manager sitting next to him added: "The answers provided by the user will be further used as search results to provide other users with similar questions to achieve the effect of knowledge sharing. To put it down-to-earth, this is the power to mobilize the general public. Users are both users of content and creators, forming a virtuous positive cycle, which is perfect."

"Whether it is the previous [title bar] or the current [know], the accumulated knowledge data can be reflected in the search results, and then the search engine community is realized through the interaction between users and Yunge Search." Another executive at the meeting couldn't help but sigh: "Luo Sheng started out as a social sharing company and the proposer of web2.0. Yunge Search combined these related products, and the user experience is indeed commendable."
Chapter completed!