Chapter 1080 - Lenovo is getting listed
Chapter 1080 – Lenovo is getting listed
Bill Gates, Paul Allen, and Steve Ballmer were in Bill Gates’s office, looking at an invitation card on the desk.
This invitation is from Feng Yu and Liu Chuanzhi. They are inviting the three of them to attend Lenovo’s bell-ringing ceremony in New York.
The higher-ups had been asking Lenovo Group to get listed but were stopped by Feng Yu. It was because Feng Yu felt there is no need for the company to get listed as the company has enough funds, and the company will not raise a lot of funds when they get listed at that time.
But if Lenovo Group got listed now, it’s value will increase by at least two folds. Feng Yu is confident that the share prices will shoot up on the first day as Lenovo Group had become the biggest PC manufacturer in Asia.
This listing does not include Lenovo’s software division. That means Lenovo Kingsoft is not included, and Feng Yu plans to let Lenovo Kingsoft to get listed on its own. This way, they can raise more funds and increase their international presence.
A lot of people had arrived in New York to attend this bell-ringing ceremony. Feng Yu, Fu Guangzheng, Kirilenko, Zhong Qingxian, Kameda Masao, and the leaders from the Chinese Academy of Sciences.
If Lenovo is listed in Hong Kong, the Chinese Government will send more officials to attend. Still, Feng Yu had insisted on getting listed in the US.
The reason is very simple. Technology stocks are extremely popular in the US now, and the PC industry is also considered a tech stock.
Issuing the same number of shares will raise more funds. Lenovo will be entering the Western countries’ market, and they need more funds to do it. Some people had complained that if the company is listed in the US, the Chinese will not get to buy the shares, and all the money will go to the Americans. But all these complaints were being ignored by Feng Yu.
Currently, listing in the US might seem to be letting the American investors make money. Still, it will also push up Lenovo’s share prices. Another reason is the US stock market is going to crash soon.
When the stock index plunge, the tech stocks will be the first to crash. Lenovo’s share prices will also plunge and might even drop below its IPO price.
When this happens, Feng Yu and his men can acquire back their shares, and if they have enough funds, they can even get delisted. This is equivalent to borrowing money from the investors to develop the company and not paying interest.
At the end of this year and the start of next year, Lenovo Kingsoft and the three internet companies will be listed in the US. They might not qualify to be listed on NYSE, but they can get listed on NASDAQ.
The listing of Lenovo Group will increase Feng Yu’s wealth tremendously.
Next year, Bill Gates’s net worth will drop because of Microsoft’s share prices, and that will be when Feng Yu overtakes Bill Gates to become the World’s Wealthiest man!
Lenovo Group’s listed had also invited many international companies like Intel, AMD, Nvidia, Samsung Group, and other hardware manufacturers and software companies.
If the invitation is only from Lenovo Group, not many heavyweight guests will attend. But it’s different if the invitation is from Feng Yu and Liu Chuanzhi.
Feng Yu is the World’s Second Richest man, and most people will look up to him. Furthermore, Lenovo Group has the backing of the Chinese Government, and these companies are currently cooperating with Lenovo.
Some companies had wanted to send a normal representative to attend the event. Still, now, they are sending their shareholders and directors to attend. Many companies’ CEO and Chairmen attended the ceremony themselves.
Bill Gates, Paul Allen, and Steve Ballmer discussed this ceremony, and Paul Allen refused to attend. Why should I go and congratulate Feng Yu?! My NBA team is currently in the playoffs, and I am busy with the matches.
Bill Gates thought for a while and excused himself from attending this event. In the end, Steve Ballmer represented Microsoft to attend.
Bill Gates had decided to let Ballmer become the company’s CEO or President this year. He does not have the energy to do so many things by himself, and it’s time to get someone to help him.
Anyway, Bill Gates is still the Chairman, and even if Ballmer becomes the President, he can replace him.
……
Most media in the US had gathered in New York Stock Exchange today. Of course, many Chinese and Asia media were also there to report on Lenovo Group’s listing.
The media knew that Lenovo Group had invited lots of Big shots in the industry to attend their bell-ringing ceremony. It is like a gathering of the Fortune Global 500!
“Donald, thanks for the help.” Feng Yu thanked Donald Trump.
“Hahaha… don’t mention it.” Donald knew that even if he doesn’t help Feng Yu, Feng Yu can also get someone else. But if he helps, he can improve his relationship with Feng Yu further.
Liu Chuanzhi is giving a speech on the stage. He might be old and fat now, but under the spotlights, he is still charismatic.
The Government leaders waiting by the side are getting impatient. What is Liu Chuanzhi doing?! Are you done? This is an important event, and you should not waste time.
Finally, it’s time to ring the bell. The leaders got up the stage.
Initially, Feng Yu had wanted Liu Chuanzhi to ring the bell by himself. Still, the leaders insisted they want to ring the bell too. In the end, the Government leaders, Liu Chuanzhi, Zhong Qingxian, and Fu Guangzheng, went up the stage to ring the bell.
As for Feng Yu, he remained in a corner with his champagne. He does not like to be under the limelight.
“Feng, it is an honor to ring the bell. Why are you not going onto the stage?” Kirilenko asked.
“Honor? It would be an embarrassment if Lenovo got delisted one day.”
Kirilenko’s eyes nearly pop out. “What? Delist? Why would Lenovo get delisted? Is the company facing some problems?”
“No. There is no problem with the company, but who knows what will happen in the future?” Feng Yu replied with a mysterious smile.
Kirilenko shrugged his shoulders as he does not understand what Feng Yu said. Kirilenko had wanted to buy Lenovo’s shares. Still, Feng Yu told him to buy other companies’ shares as Lenovo’s shares are not suitable to hold for the long term.
This is the first time Kirilenko heard someone that is not confident about their own company. But he still chose to believe Feng Yu.
When the market opens, Lenovo’s share prices increased by 39%, and Feng Yu smiles.