The entertainment empire began with Liu Yifei's premarital pregnancy.
Chapter 524: Listing on the Stock Market, Market Value Soars
$8.31?
Upon hearing the price, Lin Bufan did some mental calculations.
Based on this price alone, Extraordinary Film Company's current market value is $8 million.
Of course, the stock market will definitely soar when the company goes public, but it's unclear how high it will rise.
After the price was finalized, Bart Elvis represented Strong Wind Investment, Sebastian represented Goldman Sachs, Jonathan represented Citigroup, Anthony represented Merrill Lynch, Lin Bufan represented himself, and Carter Dennis represented Extraordinary Film Company.
Five people stepped onto the stage and, in front of the television cameras, rang the listing bell together.
Following the bell-ringing ceremony, Extraordinary Film Company's stock was listed directly on Nasdaq.
"It's gone up! It's gone up!"
Dennis watched as the stock price on the screen continued to climb.
The initial price was $8.31 million per share, but within just three minutes, the price jumped to $9.83 per share and continues to rise.
"What range do you think the price will eventually settle in?"
Lin Bufan watched the price on the screen rise continuously, then turned to look at Bart Elvis beside him.
"The initial estimate is between $25 and $30."
Bart Elvis gave a rough estimate without hesitation.
This figure was discussed internally at Strong Wind Investment long before Extraordinary Film Company went public.
Generally speaking, for any company, the stock price will rise at the beginning of its IPO, although there are also cases where the price falls below the IPO price.
Xiaomi is a case in point. When it listed on the Hong Kong Stock Exchange, the share price was HK$17, but the final price was only HK$16.8, falling below the issue price on the first day.
There are many such examples in the US stock market.
However, if calculated based on the total number, this number is not high.
The outside world is still very optimistic about Extraordinary Film Company; otherwise, Goldman Sachs, Citigroup, and Merrill Lynch would not have wanted to invest.
After research by several investment banks, the final price target is likely to be within this range.
While Lin Bufan was talking with Bart Elvis, the stock price of Extraordinary Film Company continued to soar.
Extraordinary Film Company's stock officially debuted on Nasdaq at 10:10 a.m.
When the time came to 11 o'clock, the stock price of Extraordinary Film Company rose to $19.92 per share, and it would break through $20 per share in no more than ten minutes.
"Come on, let's raise a glass to celebrate Extraordinary Film Company's successful IPO!"
In a private room at the exchange, Bart Elvis, Sebastian, Jonathan, Anthony, Carter Dennis, and Lin Bufan raised their glasses in celebration.
Sebastian, Jonathan, and Anthony were very happy.
They represent Goldman Sachs, Citigroup, and Merrill Lynch respectively, and now Extraordinary Film Company has successfully gone public.
As investment bank managers, they not only prove their foresight once again, but also receive a generous bonus.
Bart Elvis was also very happy.
He was well aware that both Strong Wind Investment and Extraordinary Film Company were Mr. Lin's businesses.
With the successful IPO of Extraordinary Film Company, he, as the head of the investment bank, will certainly receive a reward.
Of all the people present, besides Lin Bufan, Carter Dennis was probably the happiest.
He holds 80 shares of Extraordinary Film Company stock, and the stock price is about to break through $20 per share.
The $80 he had is now worth as much as $1600 million.
In an instant, he became a multi-millionaire. How could he not be happy?
The five people in the room kept staring at the computer screen until the stock market closed, and the stock price of Extraordinary Film Company actually broke through $42.32.
This means that Extraordinary Film Company's market value has reached $42 billion.
"Normally, the stock price will definitely surge on the first day of the company's initial public offering, and it may start to fall on the second day," Lin Bufan said, as everyone's eyes turned to Carter Dennis.
"If World War Z is a success tomorrow, it could push the company's market value to $50 billion or even higher."
"Please rest assured, I've made all the arrangements for the company. The publicity department has increased its budget, which will definitely give the company a great start," Carter Dennis said earnestly.
If the company's market value exceeds 50 billion, his shares will be worth more than 4000 million US dollars.
……
"Mr. Lin!"
After Lin Bufan left the exchange and got into his car, Li Feng, the captain of Lin Bufan's bodyguard team, reported to him: "Mr. Lin, Liu Chao has arrived."
"Where is he?"
Upon hearing this, Lin Bufan looked at Li Feng.
"He has arrived at the manor."
Liu Chao was originally the deputy captain of Lin Bufan's bodyguard team, but after Black Ice Security Company was established, he was transferred to serve as its CEO.
"Back to the manor!"
Lin Bufan nodded slightly.
As for Li Bingbing and Zhao Liying, they had already gone back earlier.
Today is the day the company went public, and he didn't have time to spend with the two women, so he could only ask them to go back and wait for him.
As for Liu Chao, Lin Bufan had sent him over.
Now that Extraordinary Film Company has gone public, will some people, having tasted success, do something out of line?
No one can judge this, not even Lin Bufan.
Therefore, he must prevent all of this from happening before it even occurs.
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