Take the future Jumei Youpin, for example. Its IPO price was 20 US Dollars per share, but when it delisted, the company was only willing to offer 7 US Dollars. The first privatization application was rejected.
The second time, the offer dropped from 7 US Dollars to 2 US Dollars, and this time, it succeeded.
It wasn't that the investors in the Lighthouse Country had suddenly become reasonable. Rather, Jumei Youpin's stock price had plummeted so violently, its market value shrinking by 96%, that if they didn't agree, their shares would become completely worthless.
Chen Yansen frowned slightly. This price was a 22.8% premium compared to the market price.
His own psychological limit was below 13 US Dollars. Clearly, Cheng Congwu's demand had exceeded his ceiling.
