Huayu started as a substitute director

Chapter 636 Being squeezed
After Fang Hong finished speaking, Zheng Zhihao, CEO of Tupiaopiao management, took the stage to deliver a speech.

He also talked about how the process was not easy and about creating new glories, to give investors confidence. Fang Hong could talk casually, but he still had to follow the rules.

The investors, managers, and entrepreneurs in the audience basically knew what Tu Piaopiao was.

After all, there are promotional posters and promotional videos, and through word of mouth, people have a general idea of ​​what this company is about.

Although Chang'e and the Jade Rabbit are very famous, it depends on which circle they belong to.

Of course he is very famous in the film and television circles, but he is probably not well-known in the financial circles and among investors.

It’s just like most people don’t understand the physical business circle.

Of course, there are also some people or investors who have already learned a lot from the beginning. They know that the Jade Rabbit has created the content on the Rabbit Tickets, and Chang'e assists in the promotion.

There is also Crystal Cinemas as the terminal, which is a very complete industrial chain.

Each person only spoke for a few minutes and then began to watch the ceremony.

As time went by, a large gong was placed in the center of the stage, hung on a wooden gong stand, reflecting dazzling light.

The words "Hong Kong Stock Exchange" are written on the gong stand, and the large screen at the back displays the Rabbit Ticket logo and the stock code number 1896.HK.

The stage was covered with a red carpet, and the time was displayed on the big screen, approaching little by little.

Fang Hong, Liu Tianxian and others stood beside the steps leading to the stage, waiting for the bell ringing ceremony to begin.

Behind the two stood a group of people wearing black suits, with small red flowers and name badges on their chests.

"There are still two minutes left. Please give a warm round of applause to invite Mr. Fang Hong, the founder and chairman of Tu Piao Piao, and Ms. Liu Tianxian, the actress representative, to come on stage and ring the gong to open the market."

A very magnetic voice of a female host rang out throughout the venue. She did not appear in person, but it was like announcing the show.

The people in the audience, as well as those standing or sitting, all looked towards the stage.

The media reporters aimed their cameras and the lights at the scene flickered continuously.

As the passionate music sounded, Fang Hong straightened his suit and walked onto the red stage with Liu Tianxian.

The two men stood on either side of the gong, facing the spectators, and then two female staff members in skirts handed a gong hammer to each of them.

The handle of the gong hammer is about the length of a human arm, and the striking end is round and wrapped with a red cloth.

Such a gong hammer requires two hands to hold.

It was the first time for Liu Tianxian to do such a thing, and she was quite excited.

The audience was filled with celebrities and successful financial figures; there was no usual cheering or star chasing.

Some people are just envious, envious of the listing and the ringing of the bell. This is an exciting moment.

"At the same time, we have invited a group of guests to the ceremony, including the company's senior executives and roadshow team, as well as representatives of TuPiaoPiao's partners. Guests with blue logos on their nameplates will come on stage to witness this exciting moment."

As the voice of the female host on the scene sounded again.

Zheng Zhihao, Chen Shaohui, Yin Hong and some senior executives walked onto the stage one after another and stood in a row beside Fang Hong.

Afterwards, Gao Zhun, Lin Ning, representatives from Wanda, Tencent, Meituan and other investment partners came on stage and stood in a row next to Liu Tianxian.

Lei Jun didn't come. He was away on something.

The live music continued, the lights kept flashing, and everyone on the stage stood up, each with their postures straight and facing the guests.

Some of them showed joy, some showed excitement, and Zheng Zhihao's expression revealed anticipation.

"When there are ten seconds left before the market opens, I will invite everyone here to count down with me," said the female host.

The big screen at the back showed 9:29:30, with only 30 seconds left.

The guests watching the ceremony in the audience looked at the numbers on the big screen and couldn't help but put down their work and fell silent.

Liu Tianxian also held her breath and took a deep breath; Gao Zhun next to her still seemed very calm.

"Are you ready? Let's count down. Ten, nine, eight."

Hearing the shout, Fang Hong took two steps to the side, walked to the side of the gong, and got closer to it so that he could perform better, holding the gong hammer tightly in his hand.

I said I didn't feel anything in bed last night, but when I was about to strike the gong, my heart was still pounding.

Mainly because I have never experienced it before. This immersive experience is really exciting, mainly because of the atmosphere.

Liu Tianxian also took two steps towards the gong, then raised the gong hammer in his hand, ready to strike it.

She was also very excited and her heart was beating very fast.

The two were not far apart, only a few steps. Liu Tianxian glanced at Fang Hong with excitement in her eyes and couldn't help but be excited.

"Three, two, one"

Liu Tianxian and Fang Hong swung the gong hammer heavily and hit the gong fiercely.

"Bang!" A loud bang!
There was a sudden burst of warm applause, and the music became increasingly louder.

Behind the big screen, the Tupiaopiao stock index appears in green. Green means rising and red means falling.

It seems that there are still a lot of people buying it.

“Congratulations again on the successful listing of Tupiaopiao on the Hong Kong Stock Exchange. You can stand together and look at our photographers and take a few more photos to commemorate this very exciting moment.”

The two teams approached, and Fang Hong and Liu Tianxian stood in a row in the middle holding gong hammers. Now they were shoulder to shoulder.

They all gave thumbs up to the photographer in front of them.

Liu Tianxian had a smiling face like a flower.

But everyone else was similar, with happy expressions on their faces, and Fang Hong was also very happy.

"Congratulations again, Tu Piaopiao. Please invite President Li Xiaojia to the stage so we can take another group photo."

The female host was about to end the speech, but when she saw Li Xiaojia coming on stage, she paused and changed her tone temporarily.

After Li Xiaojia came on stage, he shook hands with Fang Hong and, without any hesitation, squeezed in between the two of them.

Liu Tianxian showed a helpless expression, pouted her lips, but still maintained an elegant smile and moved slightly to the side.

Gao Zhun, who was sitting next to him, had no choice but to move sideways to make room for the proprietress.

The lights on the scene were still flashing, but unexpectedly, Li Xiaojia was still not satisfied. He pulled Liu Tianxian's arm and changed positions with her.

This little old man is very outgoing and not shy at all, as if he were at home.

However, the president of the Hong Kong Stock Exchange is from his family.

Liu Tianxian stood next to Fang Hong again, and the two stood closer for the photo.

After the filming, Li Xiaojia gestured to them and then walked off the stage.

"Thank you all, thank you President Li Xiaojia, thank you Ms. Liu Tianxian, and all the guests who attended the ceremony. You can all return to the guest area first. Mr. Fang, please stay. We will hold a souvenir presentation ceremony."

Hearing this voice, everyone else left the stage, but Fang Hong stayed on.

Liu Tianxian glanced at him, pulled his hand, and then walked off the stage with the crowd.

"Please invite Mr. Liu, a member of the Hong Kong Listing Committee, to come on stage and present the Hong Kong Stock Exchange's souvenir, Yutu Piaopiao. Please accept it, Mr. Fang."

As the host was speaking, a short man in a suit and tie came on stage. He was indeed very short, with Fang Hong almost a head taller than him.

The man gave him a bronze bull, and the two took a photo together.

At this point, the Rabbit Ticket Launch Ceremony has been completed.

The opening price of Tupiao Piao was HK$14.80 per share when it was listed. Within half an hour, the stock price rose to HK$15.3, an increase of 5 cents per share.

However, it stopped rising and started to fall, from HK$15.3 per share to HK$14.6.

It’s broken, 2 cents lower than the opening price!
Breaking the issue price means the stock price is lower than the opening price. This is called breaking the issue price. Mainland capital has high expectations, but Hong Kong stock investors and institutions have low expectations.

To put it bluntly, this broken market is full of money, otherwise there would not be the so-called "broken issue curse". It's just that there are too few retail investors and institutions are very calm.

With so few people, how many retail investors can there be?

Fortunately, the stock price fell back to around HK$14.7 in the next half day, but it still fell below the issue price and could not go up any further.

This is all normal. The IPO price drop rate of Hong Kong stocks exceeds 50%, which means that at least half of the 10 listed companies have IPO prices drop.

Tupiaopiao is essentially a loss-making enterprise, and it is not an industrial enterprise but a technology enterprise.

Even Xiaomi’s stock price fell below its IPO price after it went public. Even such good performance resulted in a fall below its IPO price. This market is really magical.

In fact, Hong Kong is very indifferent to technology companies. They just don’t have the genes for technology. Just look at the families of Li Ka Shing, Lee Shau-kee, and Cheng Yu-tung.

They all started out in real estate, and those involved in industry are hotels and ports, but none of them are involved in high-tech. But if the IPO price falls below the issue price, it's no big deal, it's just that the market has no confidence, so they just raised less money.

The media reporters were all very excited and started to publicize the news extensively!
"The Rabbit Ticket was listed and broke the issue price!"

"Just now! Tu Piao Piao was listed and fell below its issue price within half an hour of opening!"

"The stock price fell on the first day of listing, and investors have already suffered losses!"

"Liu Tianxian hit the gong, and the Rabbit Tickets fell below their issue price on the first day of listing. Is she okay?"

"The price of the Rabbit Ticket fell below the issue price, and Liu Tianxian lost 4.5 million Hong Kong dollars in one blow!"

I don’t know what this has to do with Liu Tianxian.

Whether Liu Tianxian is there or not, the stock market will fall below the issue price. This is due to market reasons. The Hong Kong stock market is like this.

But the media always likes to blame her for everything. When the hair breaks, it seems to be her fault and it is her problem.

There are also fortune tellers who say that Liu Tianxian's horoscope is not conducive to the listing of Rabbit Tickets, but I don't know how they calculated it.

Netizens just watch it for fun. Those who understand will naturally understand. That’s how the Hong Kong stock market is. Those who don’t understand won’t understand no matter how I explain it.

The Hong Kong Stock Exchange was in chaos and noise. Seeing that the price of Rabbit Tickets had fallen below the issue price, many people looked for the principal and Liu Tianxian and others, wanting to interview them and ask them to explain the situation and the problems.

Fang Hong and his colleagues were avoiding reporters at this time, and were surrounded and blocked by reporters before they even left the Hong Kong Stock Exchange.

There was no way. They didn't want to deal with it, so they had to hide in the storage room of the Hong Kong Stock Exchange and let Zheng Zhihao and others deal with it.

They will go out when they have dealt with the situation almost completely.

Fang Hong, Liu Tianxian and Gao Zhun sat on the steps of the utility room and smiled bitterly at each other. They didn't expect that when they were excited and proud about the listing, it ended up in such an embarrassing situation.

Liu Tianxian also found it quite interesting, and patted Hong's arm and said, "Hey, why did it break?"

Obviously, a lot of efforts were made in the early stage and they seemed to be full of confidence, but the stock price fell below the issue price not even after rising for a short time after listing. It doesn’t seem to make sense.

"Because Hong Kong is poor, we can't afford it." Fang Hong said.

"Be serious." Liu Tianxian made a "tsk" sound and asked him to speak properly.

"The principal is right. There is little liquidity in the Hong Kong stock market. In addition, Hong Kong is not interested in technology stocks. Our Rabbit Ticket is also in the red. These multiple factors will lead to a price break." Gao Zhun explained to her.

"Tu Piaopiao has the Jade Rabbit and Chang'e to protect him, as well as Xiaomi and Wei Chuang as the cornerstones. How could that be possible?" Liu Tianxian said.

"It's useless. Even if we bring Tencent and Alibaba in, it's useless. They can't buy everything. This is market behavior."

Gao Zhun said this and then added: "If a person or a company can influence the market, then the company's highest market value will be good, and others don't have to play around."

Liu Tianxian nodded, as if she understood, but also as if she didn't understand.

"What should we do now?" she said.

"It's okay. It's a break-even. It doesn't mean anything. It's just that the store's opening was not smooth and the business was not good in the beginning. It won't affect anything. We will continue to develop as usual." Fang Hong seemed indifferent.

Even if the stock price falls below the issue price, the company will still develop, but the market value will shrink slightly.

The original market value was 300 billion, but it fell below 295.5 billion, leaving a market value of billion.

It only fell a little bit, it was just an unlucky opening. It depends on what it closes at today to see if it can go back up.

There are many stocks that broke the issue price on the same day and then surged.

For example, Mixue Bingcheng and Xiaomi are all like this. Breaking the issue price does not mean anything. It just messes with people's mentality and damages their confidence.

It's just a bit unfair to the investors. Xiaomi's allotment price was HK$14.8 and it raised HK$35.07 billion.

It’s okay, these are just the shares allocated by institutions, and there are also about 4 million yuan of funds raised in the secondary market.

And the securities underwriters still have shares.

The amount raised this time is almost 40 billion yuan, and it is not being sold slowly, so there is nothing surprising.

The Hong Kong stock market is just not operating smoothly today, not tomorrow.

40 billion yuan of funds is already a huge amount in the film and television market. It is enough to make big moves and call the shots.

Outside, Zheng Zhihao and his team finally managed to get the reporters away, and Fang Hong and his team left through the side door.

Met with several cornerstone investors.

It was still that luxurious box, with the beautiful Victoria Harbour outside the floor-to-ceiling windows.

A large round table with fine wine and delicious food on it.

Fang Hong raised his glass and apologized, "Boss Lei, Boss Lin, I'm sorry to disappoint you."

"It's okay, it's all expected. There are so many companies listed on the Hong Kong Stock Exchange, and half of them are breaking even." Lin Ning of MicroPort waved his hand.

Even if it falls below the issue price, its market value will still be the second largest in the ticketing platform sector. The first is Alibaba Pictures, which has more than 60 billion yuan.

This is a bubble. In essence, Alibaba Pictures is not worth so much money, it’s just that Tupiaopiao has a sales ban period.

Alibaba Pictures does not have it. Alibaba Pictures was formerly known as China Culture Media. After Alibaba acquired it, it was renamed Alibaba Pictures. This company was originally a listed company.

It has been on the market for many years, having been on the market since 2001.

If there is a bubble in the rabbit ticket, it will definitely go up, it is just a matter of time.

The film and television market was like this at that time, not the time when it returned to rationality later.

The others all nodded and smiled, not caring about the price drop of Rabbit Tickets.

If you plan to list on the Hong Kong Stock Exchange, you will face the risk of breaking the issue price. This is how the market works, and its ability to absorb is small.

"We can just run the business well and make it back up. These are just small matters."

Lei Jun said, and then laughed, "I've looked at it and I think Xiaomi will probably face a price drop when it goes public in the future."

"How could that be? Mr. Lei, your Xiaomi phones are so popular and you have sold so many phones." Liu Tianxian comforted.

Xiaomi has sold more than 70 million units this year, ranking first in the domestic market share, but it is still making a loss because it sells its products too cheaply and has a very low profit margin.

In the early stages of development, many industries were immature and expensive, and many accessories were imported, including memory.

Once the industry has developed and the country has a mature industrial chain and technology, the price will naturally come down.

"This thing doesn't make money just by selling more. The strategy of small profits but quick turnover is adopted in the early stage of the market. Besides, if I want to raise more money after it has just been listed, there is no money in the stock market." Lei Jun talked about the lack of money in the Hong Kong market again.

He added: "If my Xiaomi goes public in the future, I would like to invite the principal to be my cornerstone investor."

"No problem, Mr. Lei, just give me a word and I will help you with your position." Fang Hong seemed very generous.

Xiaomi is destined to rise. When it succeeds in making cars, the price of Xiaomi will surge and you can just sell it.

By the time Xiaomi went public, Chang'e Technology had already risen to become a global Internet company.

In its previous life, Xiaomi was listed in 2018, and it is estimated that it will be similar this time. The mobile phone industry did not experience any butterfly effect due to its appearance.

He did not participate in the competition in the mobile phone industry.

"Haha, okay, I'll take it seriously." Reeves laughed.

"Really, seriously, I have a rich woman at home. I can't control her, but my wife can." Fang Hong patted Liu Tianxian's shoulder.

Liu Tianxian turned her head and pouted her little mouth, as if she didn't know him.

This action made others laugh and was quite cute.

However, they also knew what the principal meant. Their Liu Tianxian was in charge of the financial affairs.

With the principal's current wealth, he is willing to hand over his property to his wife. This is indeed rare among entrepreneurs. Usually they sign a prenuptial agreement to be on the safe side.

After all, no one knows what the future will be like, and no one knows whether the person next to you will betray you.

Moreover, in this circle, there are too many women who take away property, and there are too many conflicts in relationships. Just like Fang Long said before, he doesn't trust women and always thinks they are deceiving.

Fang Long’s level must be very high.

But then again, Fang Long still handed over the financial power to his wife.

Everything depends on the person, it cannot be generalized.

Everyone present was eating and chatting, and the meal came to an end after the capital dinner.

As for whether the price of Rabbit Ticket will rise or how much it will rise, it depends on the market reaction. However, at the close of the day, it only fell by one cent.

The stock price rose again the next day, reaching a market value of over 30 billion!
(End of this chapter)