In Hong Kong in December, the weather is still very warm. At best, the sea breeze around Victoria Bay is a bit stronger, which makes people feel chilly.

In the past two months, Meitu Sharing Company held a feast in Hong Kong. Capital from all over the world rushed in to snatch Meitu Share's shares, which shocked the entire Hong Kong stock market.

Now, Meitu Sharing has been on the market for half a month, and the stock price is still rising steadily, reaching 515 Hong Kong dollars per share, an increase of more than 22%, which has also increased the paper wealth of various shareholders. Feng Kelun's shares have been valued.

6.2 billion US dollars, rising two places on the rich list.

According to analysts from JPMorgan Chase, the current price of Meitu Sharing should be the highest price in the near future. After all, their global business is still expanding and they want to form a global influence and make a big breakthrough in profits.

At least it will be two or three years later.

However, analysts from both JPMorgan Chase and Goldman Sachs do not believe that the value of Meitu, a photo sharing leader with global development potential, is too high. They believe that it will be a very good investment if they can hold it for a long time.

However, a stock worth HK$515 per share still appears to be overvalued in the Hong Kong market.

Many people in the stock industry have proposed a stock split, which means that the current stock price of Meitu Sharing will be split into five, and each share will become 103 Hong Kong dollars. Then correspondingly, the total share capital of Meitu Sharing will become

into 5 billion shares.

The purpose of this is to prevent the stock price from being too high and preventing people from buying more.

After hearing this proposal from the Hong Kong Stock Exchange, Feng Kelun and his team thought about it for a while and finally agreed. In the next few months, this project will become a reality.

Xiao Qi is very decentralized when it comes to sharing beautiful pictures. In addition, Feng Kelun is Xiao Qi's brother-in-law, so he naturally has a lot of power.

However, at this time, the most concerning thing in Hong Kong is no longer the sharing of beautiful pictures, but another company, Fairy Guard Company, which has long been circulated among shareholders and investors.

This company, founded by Fairy Company, was rumored to be listed in Hong Kong as early as half a year ago. And the publicity in the past two months has become more and more frequent, which means that the road show listing is not far away.

In the eyes of outsiders, compared to Meitu Sharing, a company invested by Xiao Qi, Fairy Guard Company is the biological son of Fairy Company.

Since its official launch in January this year, the number of Fairy Guard users has been increasing with its best mobile phone protection technology.

Even though charging has been implemented, as of the end of November, the number of paying users of Fairy Guard has exceeded 200 million, and the annual revenue is expected to exceed 2.5 billion US dollars. Compared with the profit rate of Meitu sharing, it is simply much higher

.

Moreover, according to the investigation of experts in the electronics industry, the number of paying users of Fairy Guard is not growing enough. The main reason is that there are not enough smartphone users. When smartphone users completely exceed feature phone users, Fairy Guard will

More paying users will join again.

In the future, the number of smartphone users will reach at least 4 billion. It is conservatively estimated that Fairy Guardian can occupy at least 1 billion people.

This income alone can reach 12.5 billion US dollars a year. This is an incredible income!

In addition, the operating costs of network software are very low. Fairy Guard only needs to focus on virus prevention and research and development. It is enough to provide continuous upgrade services, and the cost is basically spent on the laboratory.

Therefore, Fairy Guardian's annual gross profit margin is at least US$8 billion, which is basically equivalent to the annual profit of Berkshire Hathaway in 2008.

Yes, you read that right, Berkshire Hathaway is the company of stock investor Warren Buffett. It is known as the most profitable fund company.

The profitability of a small software company is actually comparable to the strength accumulated by Buffett over decades. Why doesn't this make Hong Kong investors feel happy?

With the help of the Hong Kong Stock Exchange and the surge in the success of sharing beautiful photos, the valuation of Fairy Guard has also been increasing.

Originally, in November, Fairy Guard was valued at 30 billion U.S. dollars, but the market value of Meitu Sharing has soared to 51.5 billion U.S. dollars. Not to mention its influence, the profitability is currently far greater than that of Fairy Guard. Why?

Only 30 billion US dollars?

Capital is all about profit, and everyone is willing to hype Fairy Guard into a company that is more successful than sharing beautiful photos. The Hong Kong Stock Exchange also intends to treat Fairy Guard as an inspiring success legend, so countless people are reacting to Xiao Qi

, should we increase the price of this IPO a little higher?

Xiao Qi couldn't laugh or cry about this.

No matter how high your IPO price is, it doesn’t matter. The key is that it must continue to rise after you go public.

If the IPO price is already sky-high, then after it is listed, investors will not see the stock rise when they buy it, but will continue to fall. Is this interesting?

Of course, that's not what those people meant. They have been in the stock business for decades, and they know what's appropriate. They will definitely not let the fairy guards exceed the limit.

It’s just that the valuation of US$50 billion is too high. It is almost the market value of China Life Insurance Company, which ranks tenth in Hong Kong.

If this group of people were allowed to speculate after the listing, I don’t know if it would exceed Cheung Kong Holdings’ market value of HK$1,000 billion.

For a company with future annual revenue to reach US$12.5 billion and a gross profit margin of US$8 billion, and a market value exceeding US$100 billion, there is actually not much of a problem in itself.

But the problem is that the potential value of the Hong Kong stock market is not high to begin with. After sharing a beautiful picture, there is also a fairy guardian. Can they tolerate it?

After accommodating fairy guards and sharing beautiful pictures, will it backfire and cause the vitality of the Hong Kong stock market to disappear sharply?

Don't come here to revitalize the Hong Kong stock market, but in the end it turned into overwhelming the Hong Kong stock market!

Therefore, Xiao Qi considered this issue for a long time, and finally decided to let Fairy Guardian's IPO price increase to 40 billion US dollars, and then there will be no change.

After this news was reported by financial reporters in Hong Kong, major investment banks found it incomprehensible. Fairy Guardian’s current profits are 2 billion U.S. dollars, and the future is expected to be more than 8 billion U.S. dollars. The IPO price is only 40 billion U.S. dollars.

How does it deserve its status as the world’s No. 1 mobile phone security protection software?

But at the same time, I don’t know how many experts and stock investors in Hong Kong are praising Xiao Qi’s “kindheartedness”, thinking that Xiao Qi set such a low price because he wanted to make ordinary stock investors in Hong Kong rich.

Of course, with the experience and lessons shared by Meitu, the total number of Fairy Guardian shares this time is initially set at 5 billion shares. If it is not suitable, it is not impossible to increase it to 10 billion shares. Anyway, it is not possible to raise shares.

It will be all.

What makes investors still full of confidence is that although Fairy Guard has been operating independently for a long time, its chairman is still Xiao Qi, and this will continue to be the case after listing.

Although Lai Qingteng, who serves as CEO, will always control the company's R&D and operational affairs, as long as Xiao Qi is still the chairman of Fairy Guard, everyone thinks that Fairy Guard is Xiao Qi's company.

Lai Qingteng is a Chinese-American. Before coming to Fairy Guard, he worked at Microsoft for 22 years and served as the vice president of Microsoft's security department. He came to Chengdu, China, because he saw the great potential of Fairy Guard, and he quickly stood out.

His outstanding work ability won the favor of Sun Manxue, and he was recommended to Xiao Qi to serve as the CEO of Fairy Guard Company.

This time the listing road show was also led by Lai Qingteng. A total of seven cities were set, starting from New York in the United States and ending in Hong Kong, China. For this purpose, they needed to constantly travel around the world.

But Lai Qingteng and his team have no complaints, not only because this is the first time that a subsidiary of Fairy Company has gone public, but also because they all own shares in Fairy Guardian Company, which is a company that belongs to all Fairy Company employees.

In addition to the previous 290,000 old employees, there are also more than 210,000 newly recruited employees who will more or less own shares of Fairy Guard Company.

All the shares were distributed by Xiao Qi in the name of half-year bonus and year-end bonus. Of course, there are many levels. Executives get more than ordinary employees, and old employees get more than new employees. But the least can also

If you get shares worth 20,000 to 30,000 yuan, and they are original shares, once they are listed, they will increase by at least 50%.

If you are willing to hold it all the time, the dividends of Fairy Guard Company will also be very good. Xiao Qi is not one of those stingy company CEOs in the Chinese stock market. Most of the annual dividends will be given to shareholders, ensuring that they can get generous returns.

It is precisely because everyone has such great benefits that Lai Qingteng and the others work so hard. At the same time, they also know that they carry the hopes of more than 500,000 Fairy Company employees, so they also have a very glorious sense of mission and want to

Fairy Guard Company's listing was done beautifully, and everyone praised and admired them.

With this mentality, they traveled to seven cities in Asia, Europe and the United States within a month from early December to early January, which was a painstaking effort.

As for the question of whether anyone will buy it, there is no need to worry about it long ago.

Before they even set out, countless fund companies and angel companies came to find them, wanting to subscribe for some shares in advance so that they could get rich.

The stocks of good companies are so popular! (To be continued.)

ps: Thanks to rotesen, Fuji Tianjun, Tiaotiao 1456 and other brothers for their recent rewards. Thank you to all the brothers who subscribed to the monthly tickets and likes!
Chapter completed!