Damn, How could my family be so wealthy?
Chapter 140 - 139 Reaching the Pinnacle

Chapter 140: Chapter 139 Reaching the Pinnacle

Su Mu had no objections, having already arrived at the stock exchange, joining his dad to ring the bell seemed like fun.

At nine o’clock sharp, Su Ruizhi and Su Mu rang the first bell for the Su Family Group’s listing.

The applause around them was quite enthusiastic.

The waiting media naturally wouldn’t miss such an important moment.

Moreover, the various media outlets had noticed the very handsome boy accompanying Chairman Su Ruizhi.

Looking at the resemblance, the boy bore some similarity to Su Ruizhi.

Because Su Mu’s identity had only been made public not too long ago, most people were still unaware of the existence of this young master of the Su Family Group.

Of course, the employees within the Su Family Group were all informed.

"Hello, may I ask who the handsome guy next to Chairman Su is?"

Media naturally tend to gravitate towards wherever there’s news.

With their professional sensitivity, the journalists all felt that there must be some explosive news regarding Su Mu.

"Yeah, what’s the identity of that handsome guy? Why is he ringing the bell with Chairman Su?"

"Is the handsome guy a relative of Chairman Su?"

Once one journalist had spoken up, other media reporters didn’t want to fall behind.

They swarmed the Su Family Group staff with questions.

If the handsome guy really had some relationship with the Su Family Group, this would be prime information.

Plus, the reporters felt that, considering the closeness between the handsome boy and Chairman Su, this relationship was probably quite special.

"Sorry, but that is Chairman Su’s private matter, and it’s not appropriate for me to answer."

"If Chairman Su deems it necessary, he will disclose it to you himself."

The Su Family Group staff hadn’t expected the journalists to be so sensitive.

Today was the Su Family Group’s listing day, and the focus was supposed to be on the company’s IPO.

Nobody expected the journalists’ attention to be drawn to Su Mu.

Since Su Ruizhi and Bai Xiuping hadn’t given any prior explanation, the staff of the Su Family naturally dared not reveal the young master’s identity lightly.

They could only vaguely manage the relentless journalists.

"Chairman Su’s private matter? Does that mean the handsome guy really is related to Chairman Su?"

For many years, Su Ruizhi and Bai Xiuping had not disclosed Su Mu’s identity to the public.

As a result, most people thought that Su Ruizhi and Bai Xiuping didn’t have any children.

Coupled with Bai Xiuping’s excellent maintenance of her appearance, she indeed didn’t look like someone who had given birth to a child.

Because of the Su Family Group employees’ answers, the journalists began to speculate wildly.

"May I ask what relation the handsome guy has with Chairman’s wife?"

Given the status of the Su Family Group, journalists didn’t dare to ask too boldly.

But the insinuations in their questions were very clear.

If the handsome guy had a relationship with Chairman Su but not with Chairman’s wife,

then the nature of the handsome guy’s identity was self-evident.

Not just the questioning journalist, but the others were also wide-eyed and watching the employee intently.

If this information were to be confirmed,

It would be a huge scoop for the news industry in Huadong City.

It wasn’t a small matter compared to the scandals of celebrities.

After all, Su Ruizhi’s status was quite prominent.

The journalists could barely contain their smiles.

One of Huadong City’s top tycoons, on the day of his own company’s IPO, was to have a shocking secret revealed.

The reporters were all feeling excited at the thought.

Looking at those journalists who loved a good spectacle, the faces of the staff being questioned turned cold.

What were these people thinking?

What did they mean by having a relationship with the chairman, and whether there was a relationship with the chairman’s wife?

Did they really think the young master was Chairman Su’s illegitimate child?

The staff members felt these reporters’ eyesight really wasn’t too great.

Any normal person with eyes could see that the young master bore a strong resemblance to Director Bai, couldn’t they?

"I’ve already said, this is a private matter for Chairman Su’s family, and if necessary, we will inform everyone," the staff member said.

"Today is the day our Su Family Group goes public, so please focus on the matter at hand."

The staff member didn’t want to be questioned by these journalists with their odd trains of thought any longer.

They gave a vague answer and turned to attend to other matters.

"Please wait, does this question involve Chairman Su’s privacy? Is it not to be disclosed to the public?" asked the persistent reporter, sensing it could be an explosive news story.

If they could obtain a solid piece of news, the reporter felt a hefty bonus would soon be in their embrace.

"You..."

The staff member from the Su Family Group, who had been questioned, was starting to lose their patience.

Are all journalists like this?

No wonder they talk about paparazzi.

Just as they were about to snap, the stock exchange suddenly buzzed with activity.

"Look quickly, Su Family Group’s stock price has hit the ceiling," someone exclaimed excitedly.

With that exclamation, the reporters’ attention was diverted.

Seizing the moment when the reporters were distracted, the staff member walked away.

Seeing their questions left unanswered, the reporters turned their focus back to the Su Family Group’s share price.

According to the stock exchange rules, on the first day of a new stock’s launch, the effective bid price cannot be higher than 120% of the offering price.

Now, Su Family Group’s shares had hit the ceiling as soon as they went public, indicating that the share offering price had already hit the maximum surge.

This was a very rare occurrence in the stock market.

It was mainly due to Su Family Group’s influence in Huadong City; the investors had a lot of confidence in Su Family Group.

Therefore, as soon as Su Family Group’s shares were listed, the price was driven to the top, and they were sold out almost immediately.

Even many investors who hadn’t been able to buy shares were complaining that Su Family Group had issued too few shares.

"Dad, how’s it going?"

Seeing the bustling activity at the stock exchange, Su Mu guessed that the situation must be very good.

"To reach this level right from the start should be considered very good," Su Ruizhi nodded, the smile on his face showing that he was very pleased with the current situation.

"Xiao Mu, Su Family Group’s capital has already reached one hundred billion, which I’ve told you about," he continued.

"However, based on the issuing price, Su Family Group’s market value has now reached 140 billion."

"The highest share price on the first day of trading is not allowed to exceed 20% of the issuing price, and now it has already peaked right at the opening, which means Su Family Group’s current market value has reached 168 billion."

"The 20% of shares we offered at the opening were taken from your mother’s and my holdings. Originally, the Su Family held 90%, which has now dropped to 70%."

"Seeing our Su Family’s shareholding decrease, but in reality, our assets have increased from the original 90 billion to 117.6 billion, an increase of 27.6 billion just like that."

"That’s not even the most exciting part; today is only the first day of trading. With Su Family Group’s solid reputation, this upward trend is likely to continue."

Fearing that Su Mu might not be aware of the details, Su Ruizhi explained them very thoroughly.

Of course, the pride in his tone was unmistakable.