Jinshan Cloud officially landed on Nasdaq with the code "KC" and the IPO price was $65,438 +07/ADS. This is the fourth listed company operated by Lei Jun after Jinshan Software, Xiaomi and Jinshan Office.
Jinshan Cloud's share price rose by 40.24% on the first day, with a share price of $23.84 and a market value of $4.8 billion. After IPO, Lei Jun (directly) holds shares 13.8%. Overnight, Lei Jun's wealth increased by 662 million US dollars (about 4.682 billion yuan).
In addition, thanks to the listing of Jinshan Cloud, Xiaomi's share price rose by 8. 1% on May 8, and Lei Jun's net worth increased by 7.2 billion Hong Kong dollars (about 6.569 billion yuan), which means that Lei Jun's net worth soared by over 10 billion yuan a day.
The real-time ranking of Lei Jun Forbes Rich List was upgraded to 145.
Bleeding, death, death
According to the prospectus, from 20 17 to 20 19, the operating income of Jinshan Cloud increased continuously, which were12.36 million yuan, 22/kloc-0.80 million yuan and 3.956 billion yuan respectively, with a compound annual growth rate of 79%. However, at the same time, the net loss of Jinshan Cloud in recent three years has also increased, which are 765.438+0.4 billion yuan, 65.438+0.06 billion yuan and 65.438+0.1./kloc-0.0 billion yuan respectively.
Wang Yulin, CEO of Jinshan Cloud, said in an interview with Netease Technology's "State℃" column group that now is the stage of asset investment, and there is no need to worry about short-term losses. The gross profit will turn positive in 20 19 years, and it is possible to make a profit in the next two or three years.
In terms of revenue composition, Jinshan Cloud's revenue from public cloud services is declining, accounting for 97.3%, 95. 1% and 87.4% from 20 17 to 20 19 respectively. The proportion of enterprise cloud service revenue has increased year by year, mainly charging customers by project, accounting for 1.2%, 4.3% and 12.3% respectively in the past three years. The customers of its enterprise cloud mainly come from financial, government, medical and other industries.
Need to be reminded that Xiaomi is its main customer at 20 17 and 20 18, contributing 27% and 25% of the revenue respectively; In 20 19, it became its second largest customer, contributing 14%, and the largest customer contributed 3 1%.
Jost Sullivan is quoted in the prospectus as saying that Jinshan Cloud is the largest independent cloud service provider in China and the third largest Internet cloud service provider in China.