We're building a super chaebol in Hong Kong
#1003 - More than doubled
Su Cheng, along with Steve Jobs and other core members, sat in the private room, closely monitoring every subtle fluctuation in the stock market, with specialists reporting the latest market dynamics in real-time.
Apple's offering of 4.6 million new shares at an issue price of $22 per share was met with a buying frenzy and quickly sold out within just five minutes.
Subsequently, many of these lucky shareholders who seized the initial opportunity chose to reinvest these new shares into the stock market, anticipating even higher returns.
As soon as stock market trading opened, Apple's stock price soared like a wild horse, unstoppable in its momentum.
Starting from an initial $22.5, then $22.8, $30.4, and finally climbing to $31.2, each jump tugged at the heartstrings of countless individuals.
The market's enthusiasm was completely ignited, with investors placing extremely high expectations on Apple's future prospects.
In the blink of an eye, it was time for the midday market break, and Apple's stock price had firmly established itself at a high of $28.7.
This meant that in just two and a half hours, Apple's market value had achieved an astonishing leap, soaring from $1.292 billion to $1.685 billion.
This achievement directly demonstrated the market's high recognition of Apple.
At noon, Su Cheng shared a lavish lunch with Steve Jobs and other Apple executives, celebrating this important moment before bidding farewell and departing.
Although this month-long IPO roadshow had kept Apple's development pace from stopping, it also meant that some established strategic layouts urgently needed to return to the right track and be implemented.
In the morning, Apple's stock soared wildly in the stock market like a runaway horse, quickly becoming the focus of attention, with shareholders enthusiastically discussing its extraordinary performance.
However, the market's enthusiasm did not stop there.
In the afternoon, as Su Cheng's identity as a major shareholder of Apple spread in the stock market, this news seemed to add wings to Apple's stock price increase.
Driven by some investors, Apple's stock price was even more unstoppable, continuing to soar.
The stock price climbed all the way from the morning's closing price of $31.2, $32.6, all the way to $35.9, $38.3... Every minute and every second witnessed the leap in Apple's value.
When the NASDAQ Stock Exchange bell rang melodiously, marking the official end of the day's trading, Apple's closing price was set at a staggering $47.9 per share.
This meant that on the first day of its IPO, Apple's market value achieved an astonishing increase, more than doubling the issue price!
The excitement in the stock market also became a hot topic of media attention.
They began to edit various eye-catching topics, hoping to get a piece of the action in this heated discussion.
"Mr. Su, the stock market has just closed, and our Apple's stock price closed at an astonishing $47.9 per share, which means our company's market value has directly jumped to a new height of more than $2.8 billion!" Steve Jobs' voice came through the phone line, unable to hide his inner excitement and joy.
Even though they were already immersed in busy work, he and Apple's executives were still constantly concerned about every fluctuation in the stock market.
Steve Jobs, this young leader, faced with such a brilliant increase in Apple's stock, his inner excitement and pride were beyond words.
He knew that this was not only a reflection of the company's strength, but also the best reward for the team's efforts and innovation.
And New York, this international metropolis, had achieved full coverage of mobile signals as early as the beginning of the year, providing a strong guarantee for the convenient communication of business people like Su Cheng.
After arriving in New York, Su Cheng quickly equipped himself with advanced mobile phones to maintain contact with all parties at any time and ensure smooth information flow.
Therefore, as long as Su Cheng was in any corner of New York City, Steve Jobs could easily contact him via mobile phone, ensuring instant and efficient information exchange.
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"This is indeed exciting good news, Mr. Jobs. Congratulations on now being worth over $500 million. It's truly enviable," Su Cheng said on the other end of the phone with a hint of teasing.
However, what both parties tacitly understood was that although the market value was dazzling, until the major shareholders actually cashed out their shares, all of this was just a number on paper, with a certain degree of uncertainty.
The surge in Apple's stock price was undoubtedly the result of the dual effect of the company's own strength and Su Cheng's influence.
But what cannot be ignored is that the limited number of shares circulating in the market was also an important factor driving the stock price up.
As people often say, "More monks than porridge," the value of limited resources naturally rises when faced with huge demand.
Indeed, with only 4.6 million shares circulating in the market, coupled with Apple as a company with broad prospects and unlimited potential, such a supply and demand relationship naturally pushed the stock price to a high level.
Jobs' mood at the moment was undoubtedly extremely excited. At only 25 years old, he had already entered the ranks of billionaires, and his net worth exceeded $500 million. How could such an achievement not be exciting!
Even if this net worth is virtual, so what?
One day, he firmly believed that as long as Apple gets better and better, his net worth will become more and more!
Looking back, Jobs was very satisfied with his original decision to give Su Cheng 30% of the company's shares.
This decision not only demonstrated his vision, but also laid a solid foundation for Apple's subsequent rapid development.
Just imagine, without that generous share transfer, Apple's today might have been a different scene, and it would have been difficult to achieve such brilliant achievements.
Therefore, Jobs understood that every important decision could be the key to changing fate, and he and other shareholders undoubtedly made the right choice.
(End of this chapter)
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