The entertainment empire began with Liu Yifei's premarital pregnancy.
Chapter 527 The Boiling Domestic Situation
In fact, the listing of Extraordinary Film Company has been closely followed not only by the US stock market but also by the domestic market.
According to Extraordinary Film Company, Lin Bufan is also one of the company's shareholders, holding 10% of the shares.
A 10% stake may not seem like much, but it's quite a lot for a listed company.
On the very day that Extraordinary Film Company went public, online in China, especially on various online forums, the news spread rapidly.
For example, on Baidu Tieba and Tianya Forum, everyone is discussing it.
"I don't know if Extraordinary Film Company will be able to successfully go public."
"Based on my understanding of the US stock market, Extraordinary Film Company has now reached this point and is certain to successfully go public."
There is a time difference between New York and Beijing.
During daylight saving time, New York is 12 hours behind Beijing time. That means the New York stock market opens at 9:30 a.m., which is equivalent to 9:30 p.m. in Beijing.
If it's winter time, New York time is 13 hours behind Beijing time.
It's June now, during daylight saving time.
Around 9 p.m., which is the peak time for internet users, everyone was waiting for news of Extraordinary Film Company's IPO.
"The US stock market has opened, but why haven't I seen any news about Extraordinary Film Company?"
"Could it be that Extraordinary Film Company's IPO failed?"
"It's hard to say. After all, the requirements for listing on the US stock market are higher, and Extraordinary Film Company may not meet the requirements for listing on the US stock market."
During this period, the general public in China had a natural awe and a "lofty" fantasy about US stocks.
I always thought that the listing requirements for US companies would be stricter than those for A-shares in mainland China.
In reality, those in the know understand that if a company wants to list on the US stock market, it's very easy as long as it can get the big investment banks on board.
On the contrary, in the A-share market, if a company does not meet the requirements, no matter how much public relations you do, you cannot go public.
"Let me explain the process of listing on the US stock market. The fact that there is no news about Extraordinary Film Company on the stock market right now does not mean that the listing has failed..."
Netizens have incredibly powerful abilities.
There are still people who understand the US stock listing process. On Tianya Forum, someone took the opportunity of Extraordinary Film Company's listing to give everyone a special explanation.
"I don't know when Extraordinary Film Company will be able to complete the process."
"What I'm more concerned about now is what the IPO price of Extraordinary Film Company will be."
"I estimate the IPO price will be around $2."
"Extraordinary Film Company split 1 million shares at $2 each, which gives it a market value of $2 million. That's a bit low. I'd guess it's around $5."
Since its establishment, Extraordinary Film Company has produced many films in the past two years, and the box office results have been very satisfactory.
However, the current performance alone cannot support a high stock price.
Especially since the company has just gone public, the price will certainly not be set too high. If the price is too high, it will lack the momentum for subsequent price increases.
On the contrary, it would be more beneficial for the company to set the price lower and then let it soar after listing.
"It's gone public! Extraordinary Film Company has gone public..."
Just as everyone was discussing this, someone suddenly revealed on the internet that Extraordinary Film Company had gone public.
"Good news, Extraordinary Film Company opened at $8.31 per share."
"Wow, Extraordinary Film Company's stock price is rising so fast, it's already $9 a share now."
"Your information is outdated; it's already gone up to $10 a share."
"Holy crap, Extraordinary Film Company is awesome! Director Lin is awesome!"
For Chinese people, the more successful Extraordinary Film Company is, the more impressive Lin Bufan is, since he also holds shares in the company.
This era may have many shortcomings, but Chinese people will still feel proud when their compatriots make a name for themselves on the international stage.
"The truly smart people have already started buying Extraordinary Film Company stock by now."
"Holy crap, I envy those big shots who can buy stocks on the US stock market."
"I'd like to buy one too, could you please help me out?"
"Looking for a mentor!"
"Looking for a mentor!"
As the market value of Extraordinary Film Company continues to climb, Chinese netizens are getting excited, especially those who bought the stock early and reaped the first wave of profits, who are showing off online.
The stock opened at $8.31, and within just a few hours, it increased fivefold. What does that mean?
One million was invested, and within hours it doubled to five million.
Driven by the enormous profits, domestic stock market investors also flocked in, with those having US stock accounts buying directly and those without trying to open accounts.
In particular, major domestic institutions have already poured money into the market.
They failed to secure any initial shares of Extraordinary Film Company, and were forced to buy them from the market.
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