Top of the big era

On March 13, Zhou Buqi and Zhang Chaoyang publicly attended an investment luncheon in New York with more than 150 people. The banquet was the largest luncheon in the North American investment community in the past 18 months.

Drinking and drinking, smiling happily, everything is ready.

On March 14, Monday, at 9:30 EST, Changyou officially landed on the NASDAQ in the United States and was listed for trading on selected global markets!

This is the first Chinese company to conduct an IPO and issue American depositary receipts on Nasdaq this year.

At the same time, it is also the first IPO in China’s Internet industry this year.

Attention from all parties, capital carnival!

Changyou sold a total of 230 million units of American depositary shares (ADS) in this IPO, accounting for 12.9% of the total share capital. The issue price was US$11.52. On the first day of listing, it performed well, with an opening price of US$15.88, a 37.9% increase from the issue price.

It finally closed at $14.41 that day, an increase of 25.12%.

Based on the closing price, Changyou’s market value exceeds US$25.6 billion!

The prospectus shows that Sohu is Changyou’s major shareholder, holding 774 million shares and owning 43.4% of Changyou’s shares. Ziweixing is Changyou's second largest shareholder, holding 485 million shares and 27.2% of the shares.

At the same time, the prospectus also announced Changyou’s management team. Zhang Chaoyang, chairman and CEO of Sohu, serves as chairman of Changyou’s board of directors, Zhou Buqi, chairman and CEO of Ziweixing, serves as executive director of Changyou, and Wang Fang, vice president of Sohu Serves as Changyou’s Director and Chief Executive Officer…

On the day of the launch, I was filled with joy.

The top brass at Nasdaq showed up to say congratulations and thanks.

The only flaw was that Lao Zhang was not very cool and brought over the girl he was dating to ring the bell together, which was the famous movie star Zhang Ziyi.

She is said to be a Hollywood star, and everyone in the United States knows her. When she comes to the market, people will be more enthusiastic when buying Changyou stocks.

Then, the good times did not last long and something happened soon.

In the two days after Changyou was launched, Zhou Buqi and Lao Zhang were inseparable from each other. They met many people of all kinds in New York, some for investment and some for mortgage loans.

Lao Zhang accepted a loan.

It's not Changyou's shares. He personally doesn't hold any shares in Changyou. What he pledges is Sohu's shares.

Because of the unprecedented success of Changyou's listing, Sohu's stock price has soared, and its current market value has reached US$14.3 billion. Lao Zhang wants to cooperate with Citigroup and pledge a Sohu stock worth US$120 million to improve his life to a certain extent.

The first thing is to buy a house in New York.

Things have been decided. Changyou's overseas headquarters will be set in New York, and it will be inevitable to frequent New York in the future.

However, Changyou’s share price began to fall on the third day after its listing.

By the morning of the fourth day, it even fell to $11.3, below the issue price!

Although the stock price rose to US$11.7 that afternoon, this still caused panic in the market. Many large institutions that had bought stocks during the IPO process questioned Changyou and demanded an explanation!

The reason lies in Lao Zhang's arrogant operation.

On the day it was launched, he invited female star Zhang Ziyi over.

With the successful listing of Changyou, it has become an instant hit. With a market value of more than 20 billion US dollars, it can also be ranked in the top 10 among the world's major game giants.

Then the media started to follow suit.

It's very troublesome. It is said that Zhang Chaoyang, Changyou's chairman of the board of directors, has had a management style of doing nothing in the past few years. He likes to travel and hang out with female celebrities.

According to statistics, as long as entrepreneurs get involved with female celebrities, the company's prospects will be greatly reduced, and the stock price will not be promising!

Although Goldman Sachs, Morgan Stanley, and Citigroup all gave "buy" recommendations, it was useless. Market panic led to the selling of a large number of stocks. Changyou had no choice but to issue a public statement to explain the rumors in the market, saying that Mr. Zhang was currently single and that he and Ms. Zhang were just friends, and that it reserved the right to sue against outside rumors.

Because something happened, Lao Zhang became very ill and planned to return to China.

When he received the call, Zhou Buqi was picking up Yang Mi and Dilireya at the airport. They heard that the sponsor's father had made another big move and a big company had gone public, so they came over to celebrate him.

"Go back to China?" Zhou Buqi was a little confused, "Aren't you going to go back to China tomorrow..."

"Forget it, it's gone."

Zhang Chaoyang's tone was a little depressed.

Zhou Buqi pushed Yang Mi and Dilireya into the car. As he got into the car, he said funnyly: "What's wrong? Can't you bear a small setback?"

Zhang Chaoyang said: "There is a misunderstanding in the market. I will go back and explain the matter clearly to Xiao Zhang. We are just friends."

"Huh? Break up?"

"We were just friends."

"You have a sense of responsibility!"

Zhou Buqi had some respect for him, and he was able to resolutely cut off the relationship after receiving some pressure from the market. This Lao Zhang was quite courageous.

For the sake of the rights and interests of shareholders, give up personal feelings, it is selfless!

Zhang Chaoyang sighed, "I didn't expect the market to be so sensitive."

Zhou Buqi smiled and said: "It's not that the market is sensitive, it's that Changyou is too big, and so many eyes are watching it. With a market value of more than 20 billion U.S. dollars, any slightest change may be a fluctuation of billions of dollars. It's not like that Like Sohu a few years ago, it was only more than 1 billion US dollars. No matter how much you tossed, the fluctuations would be very limited."

Zhang Chaoyang believed deeply, "Yes, there is also the amplification effect of the media. In the past, Sohu was a small company and received limited attention, and its stock price would not be affected by some gossipy gossip. Changyou cannot do that. With such a large scale, They are all looking at it with a magnifying glass...You may not know that from yesterday to today, many colleagues in the country have called me to complain!"

"What are they complaining about?"

Zhou Buqi hugged Yang Mi on the left and handed the phone to Dilireya on the right. Then she obediently put the phone to the ear of the funder's father and snuggled into his arms like a kitten. .

Zhang Chaoyang said: "The stock price of Changyou has fallen in the past two days, causing the stock prices of companies such as Perfect, Giant, Shanda, and NetEase to also fall."

"Uh..." Zhou Buqi realized something now, "This is a chain effect."

Because Changyou is so large, it can already affect gaming stocks among Chinese concept stocks.

Just like Maotai can drive the liquor sector.

If Changyou goes up, the game stocks in the Chinese concept stocks will rise; if Changyou goes down, the game stocks in the Chinese concept stocks will also fall.

The scope of this is huge.

Zhang Chaoyang was helpless and sighed: "The pressure is huge now. Not only must we take care of the rights and interests of shareholders in the capital market, but we must also take care of the emotions of our domestic peers."

Zhou Buqi smiled and comforted: "What's there to worry about? Whether the company is running well or not depends solely on responsibility."

Zhang Chaoyang said: "If the company's performance declines and the stock price drops, it is actually fair to say that this is a hard indicator. Even if there are complaints, there is nothing we can do. No one is willing to watch the performance decline. But... ahem, if it is subject to some public opinion The negative reviews causing the stock price to fall are very stressful."

"I'll go..." Zhou Buqi laughed and laughed, "It's okay, Lao Zhang, you can wake up! Yes, then go back to China to deal with it. If it's time to break up, we should clarify it! I've said it a long time ago, don't talk to that kind of person A big star who has attracted much attention is getting together. She even asked someone to give me a message before, but I didn't even pay attention to her."

"Ah?" Zhang Chaoyang was stunned for a moment, "Really?"

"You must have, right? There are too many, and I can't remember them all. Anyway, my private life is very restrained, and I have always kept a distance from female stars in the entertainment industry."

Zhou Buqi hugged Yang Mi on his left side and Dilireya on his right side, and spoke righteously.

Zhang Chaoyang was silent for a while and sighed, "I was careless this time. I shouldn't have brought her to ring the bell... She said she wanted to ring the bell to experience it, but I didn't think much about it at the time... Forget it, I will go back to China this time anyway. Solve this matter and eliminate this hidden danger."

Zhou Buqi smiled and said, "Don't be so nervous. How high is Changyou's market value now? It's third in the country after Baidu and Penguin! By the way, Sohu is also pretty good, with a market value of US$14 billion? That's also the fourth in the country." Got it!"

Currently, among the domestic Internet companies that have been listed, Penguin has the highest market value, reaching US$45 billion, followed by Baidu, with a market value of US$42 billion.

Because Alibaba only has its B2B business listed, its market value is not high, only 8 billion U.S. dollars. It is estimated that it will be delisted soon.

Under this general situation, Changyou has become an emerging technological force in China.

Zhang Chaoyang said with emotion: "The higher the market value, the greater the responsibility! It is not easy to be an industry leader. It is still the comfortable life of fishing in the past."

Zhou Buqi said: "Now you finally understand my difficulties?"

Zhang Chaoyang said: "I will persist for half a year and then hand over this stall to you. After returning to China... I will go to Pengcheng to meet the person from Penguin Games and find a way to help you run it."

"good!"

Zhou Buqi is used to it. He is not afraid of taking responsibility. He has developed a complete set of methods to protect privacy. Media giants such as News Corporation, Viacom, Time Warner, Google, Yahoo, Facebook, and Twitter all have cooperation with him. Coming and going. In many cases, even if there are some news reports about him, they won't be too outrageous.

It was Dilireya's first time in New York, and Zhou Buqi could not hold her in his arms and roll her onto the bed. At night, he took her and Yang Mi to go shopping in the business district of Manhattan.

Although he had dressed up in disguise and accompanied the night, he was also very cautious. Under the advice of security, he did not go to too crowded places and took a quick look at many places in the car.

The Rockefeller Building at night is really a landmark.

After walking around in a circle, Dilireya was still not satisfied, saying that she wanted to go to Wall Street and was very curious.

Zhou Buqi told her that there was nothing good to see.

There are two commercial centers in Manhattan, one is Wall Street and the other is the area centered on the Rockefeller Building. During the day, Wall Street is bustling with people and celebrities, but at night, Wall Street is like a "ghost town."

It's completely incomparable to Rockefeller's "City That Never Sleeps".

Don't go!

It's better to go home and experience the style of the sponsor's father.