Reaching the age of thirty, my income randomly doubled-Chapter 869 - 658: The Road to Listing

The older sister’s room was bigger than her, almost big enough to fit three of her inside.

Er Piya sneakily crept over; Chen An’an was still asleep. August was still part of summer, and the temperature outside was quite warm.

Inside the house, though, it was extremely cool.

The older sister’s two long, slender legs were stretched out of the blanket. Er Piya went over and called for her sister. One call—no response. Two calls—still no response.

But the third time was different. Her sister glared at her. "What are you doing here so early in the morning?"

"Sis, didn’t my concert go pretty well yesterday!"

"Sure, it was pretty decent—a group of masters mixed in with one little amateur."

"Who’s the amateur? Tell me, I’ll have the mega-ultra-huge company fire them immediately!"

Er Piya declared indignantly.

"Are you seriously clueless, or are you pretending to be?"

Chen An’an said, "Mom and Dad might not object to you spending money on the activities you like, but at least put a bit of effort into it. You invite so many top-tier dance troupes, yet you just stood there shaking your leg. Couldn’t you have practiced a little?"

Alright… I guess she had to admit it—she slipped up this time.

If only she’d learned a bit of Latin dance ahead of time. Opening a short video app now, all of it was talking about her.

This was completely different from her sister’s concert.

"Sis… I’m only nine years old; let’s keep expectations reasonable!"

"Whenever you mess up, you lean on being young as your excuse. But when you’re spending money, you never seem to remember you’re only nine."

"Okay… I admit I messed up this time. Is there any way to fix it?"

"Fixing it is easy. You see little brother Chen Lu, always walking around looking unhappy? Cheer him up, and Mom and Dad will surely praise you."

Little brother Chen Lu was undeniably the most obedient in the family, hands down.

Er Piya didn’t like playing with him either. The little brother always wanted to hang out with Su Xiaoxi.

But since she had slipped up a little this time, she could only take on spending some time with little brother Chen Lu.

After breakfast, Chen Pingsheng drove his red convertible Bugatti to the group headquarters.

Although the Bugatti couldn’t fully showcase its strengths in Golden Mountain—the top speed capped at 120 km/h—there was no denying how cool it looked driving it around in summer.

When he got to the top floor of the headquarters, Tang Jing sent over a video conference recording from Tengying Group’s global shareholders’ meeting.

The purpose of the meeting wasn’t anything else but to discuss the listing path for Tengde Era on Xiangjiang’s stock exchange.

This IPO for Tengde Era was intense and incredibly impactful.

An estimated valuation of 300 billion RMB, completed collaboratively by Xiangjiang’s two major conglomerates including Tong Zelan, Shen Nanpeng, and four primary investment funds from the Mainland.

Chen Pingsheng himself would need to let go of 50% of his shares in one go, cashing out a staggering 150 billion RMB.

The remaining 50% would largely be distributed to top-level engineers and senior management.

This would still be granted as options, requiring them to work for Tengde Era for another eight years to fully vest.

This wasn’t dividend stock; it was true stock equity from the IPO.

However, it had an eight-year vesting period. For instance, if someone received 1% in options, even if Tengde Era’s stock price didn’t increase at all during those eight years,

they could still cash in 3 billion RMB after eight years.

This was the greatest significance of going public—it truly allowed teams of people to achieve rapid wealth accumulation.

Chen Pingsheng was definitely not a stingy man. While he personally didn’t understand technology, he was willing to share 90 billion RMB worth of equity to reward the core technical personnel.

In the next eight years, as long as these core R&D personnel put their hearts into their work for Tengde Era,

everyone would start off as billionaires.

If they could push Tengde Era to achieve a valuation of 500 billion or even 1 trillion RMB, their minimum wealth would also be 10 billion RMB each.

They could leverage their years of expertise to achieve absolute financial freedom.

This would be the ultimate success.

Remember, Tengde Era wasn’t the same as Tengfei New Energy; it didn’t require any marketing and only needed continuous advancement in its core technology segments.

And everything else would follow.

The rapid success of Tengde Era was primarily due to the breakthrough with the Longteng S900 solid-state battery.

This also ushered in their first high-end car priced at a million RMB, which was a success too.

Next, they would be launching cars priced between 500,000 to 800,000 RMB as part of their strategy.

Additionally, their advantage in core cost competitiveness across the entire supply chain was about to fully manifest.

Whether it’s the upcoming Z5 or D6, they were set to establish core pricing advantages in their respective categories.

Simply put, competitors in the same price range who were cheaper didn’t have better quality.

Competitors of the same price range couldn’t compare with their battery range, intelligent driving capabilities, or chassis tuning technology.

Forget about years of consistently high customer satisfaction with their after-sales services.

As forecasted, 2023 marked the beginning of a surge in sales for Tengfei New Energy.

When that time came, aside from Tesla, Tengfei New Energy would have no competitors left.

Keep in mind Tesla’s stock price consistently hovered around $600 billion USD, which converts to over 4 trillion RMB.

This time, cashing out 150 billion RMB meant Chen Pingsheng effectively recovered half of his longstanding investment in Tengfei New Energy.

Let’s not forget that both Tengfei New Energy and Tengfei AI were slated for independent IPOs in the future as well.

Listing just one company returned almost half of the investment costs, and there were still two more waiting in line.

Suddenly getting his hands on 150 billion RMB in cash, Chen Pingsheng wasn’t quite sure how to spend it.

After wrapping up the global shareholders’ video conference, it’d take about three days before all the funds would be fully in place.

He needed to plan carefully to figure out what he was going to do with the money.

Of course, out of the 150 billion, 50 billion would be earmarked for R&D funding within Tengde Era.

This condition was stipulated in the investment agreement—it wasn’t feasible for these shareholders to buy 50% equity from him for over 150 billion RMB and leave nothing for the business.

The 50 billion RMB earmarked for Tengde Era would secure two to three years of guaranteed R&D funds.

If they could further develop solid-state battery technology during that time, three years later it wouldn’t need any additional shareholder funding.

Tengde Era would begin generating substantial net profits.

Shareholders were betting on their trust in Chen Pingsheng himself to make this gamble worthwhile.

Of course, even in the worst-case scenario, Tengfei New Energy would step in to cover any fallout.

Things wouldn’t get bad enough to be unacceptable for everyone involved.

Chen Pingsheng also needed to identify potential investments for this massive cash inflow, so he reached out to Old Wang to check if his Wanda Plaza might be for sale.

His offer was already set—1.2 trillion RMB. If Old Wang agreed,

he would fully execute the Mainland’s largest single commercial real estate acquisition. Wanda Plaza was also designated as a coming-of-age gift for Er Piya.

Just like her older sister, Er Piya would inherit the largest commercial property from the family.

From then on, she would live off the tens of billions of RMB in annual rental income.