Only after being reborn did I realize how fascinating the world of the rich is.

As time slowly rolled into 2005, Li Xiaofeng's Wanzhong Media also ushered in an exciting moment, successfully listing on NASDAQ.

Wanzhong Media raised $1.7 million on the Nasdaq market at a price of $17 per share, bringing its total market capitalization to $6.8 million.

In other words, the total value of the shares held by all shareholders, including Li Xiaofeng, is around US$5 million.

Li Xiaofeng owns 45% of the total shares, meaning his stock is worth $2.25 million, or at least 18 billion yuan in Chinese currency.

This successful IPO has brought Li Xiaofeng's total personal assets to over 20 billion yuan.

Before a company goes public, its shares are merely a valuation; they can be valuable or worthless depending on the company's valuation.

After listing, the value of the shares is incomparable to that before listing, mainly because these shares can be cashed out on the market and can be easily converted into real money.

Although the stock market fluctuates and share values ​​are greatly affected by it, and major shareholders need to report to the stock market in advance if they cash out, there is absolutely no problem in treating shares as a valuable asset.

In addition, according to the unspoken rules of listed companies, venture capital firms are usually allowed to cash out and leave first after the listing, and then other shareholders can cash out.

After discussing it, everyone took turns cashing out to avoid excessive stock price fluctuations that could affect the company's stock price and thus the interests of all shareholders.

However, Hard Gold Capital and Dasheng Capital, which invested in Wanzhong Media, do not seem to want to reduce their holdings and want to continue holding them for a period of time.

Therefore, Cao Jinpeng and others began to gradually reduce their holdings and cash out.

Cao Jinpeng was very excited about this. His initial investment of 5000 million yuan has now turned into 4 million yuan, making him somewhat well-known among the wealthy second-generation in Shanghai.

However, at this time, the real estate market in Shanghai also underwent tremendous changes.

In order to curb the rapid rise in real estate prices, the Shanghai Municipal Government has introduced a series of policies regarding the real estate market.

In addition to raising mortgage rates, strictly reviewing the use of loan funds, and controlling the flow of bank funds into the real estate market, the down payment ratio has also been increased from 20% to 30%.

The move to increase the down payment ratio is quite fatal for property speculators, causing them to reduce their leverage with banks from five times to three and a half times.

While this reduces the risk, it also significantly slows down the rate of making money, making real estate speculation less profitable compared to other industries.

In addition, the Shanghai municipal government has introduced a special regulation to suspend all mortgage transfer business by banks, which is a fatal blow to speculators.

For most people, buying a house requires a bank loan. To sell their house, they must first get money to pay off the bank loan before they can sell it to someone else.

However, once banks started offering mortgage transfer services, speculators could directly transfer their loans to homebuyers without needing to find additional funds, and then sell the property after paying off the loan.

However, now that banks have stopped refinancing mortgages, it's like putting a shackle around the necks of property speculators. Selling a house again won't be as easy as before, and it will incur a large additional cost.

Soon, this series of combined measures showed remarkable effects. The real estate market in Shanghai went from bustling with activity to deserted, and housing prices not only stopped rising but also began to fall.

Besides Cao Jinpeng, another important shareholder of Li Xiaofeng's Wanzhong Media is the Jiang family.

As for the Jiang family, since the shares were registered under Jiang Xueying's name, she specially flew back from abroad again to discuss how to handle these shares.

Upon learning that she had become a small-time rich woman, Jiang Xueying was overjoyed. No longer shy in front of her family, she hugged Li Xiaofeng's arm and asked, "Xiaofeng, what do you think we should do with these stocks?"

Li Xiaofeng smiled and said, "In my opinion, you shouldn't touch these stocks for now. The stock price will definitely rise in the future. Haven't you noticed that neither Hard Gold Capital nor Dasheng Capital, the two venture capital firms, have reduced their holdings?"

Jiang Chengye said somewhat unconvinced, "Stocks are too volatile. I think it's better to cash out your profits. Xueying, I think you should cash out your shares as soon as possible."

Mr. Jiang, standing to the side, frowned slightly and reprimanded his son without any politeness: "Chengye, what's wrong with you? Why do you always do the opposite of Xiaofeng? Can't you listen to other people's advice?"

Before the Lunar New Year, Xiaofeng advised you to sell your real estate holdings, but you not only ignored him but also wanted to buy more at higher prices. If Xiaofeng hadn't called me and asked me to stop you and force you to sell half of your real estate, our Jiang family would be crying now.

Xiaofeng has already given you advice twice, and both times his advice was correct. If you had listened to Xiaofeng's advice both times, our Jiang family's assets would at least double what they are now.

Then, President Jiang turned to Li Xiaofeng with a bright smile and said in a kind tone, "Xiaofeng, so what should the Jiang family do now?"

Li Xiaofeng smiled and said in a calm tone, "Uncle Jiang, what to do about the Jiang family is Ye Ge's business. It's not appropriate or necessary for an outsider like me to interfere."

Xueying is my woman, and I am only responsible to her now. My advice to Xueying is not to touch the shares for the time being. I will continue to expand Wanzhong Media, and even make acquisitions. We can talk about the shares after they appreciate in value.

If the Shanghai real estate market recovers again, I suggest pledging the shares to the bank and using the loan to invest in the real estate market.

Xueying, to make things easier, you can hand over the control of your shares to me, and I'll manage these assets for you. Anyway, I own an investment company, so I can take care of things for you at the same time.

Besides, aren't you planning to get into drones after graduation? It's better to invest in something that's easier to monetize!

Jiang Xueying seemed completely unconcerned about her shares. She leaned her head on Li Xiaofeng's shoulder and smiled, saying, "Okay, I just need enough money to spend. As for these shares, you can manage them for me."

President Jiang glared at Jiang Chengye, sighed, and remained silent.

Li Xiaofeng is no longer the naive young man he once was. He is now the big boss of a listed company, whose wealth has surpassed that of the Jiang family.

The boast he made at the Jiang family has begun to come true.

He had previously told the Jiang family that Wanzhong Media was worth at least several billion yuan, and the Jiang family did not believe it before, but now they completely believe it.

At first, President Jiang had thought of making Li Xiaofeng his son-in-law, but now he's too embarrassed to even say the word "son-in-law" anymore.

A golden carp has already leaped over the Dragon Gate.