I’m in Hollywood Chapter 1071: Soaring sky
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As time went on, the lobby of the Nasdaq Exchange was already overcrowded, and the atmosphere became hotter.
Yahoo executives and employees, Morgan Stanley ’s underwriting team, guests attending the ceremony, media reporters from around the world, and exchange staff squeezed the entire hall like a box of canned sardines, everyone had to scream Only by asking people around to make room, can they reluctantly move in the crowded hall.
Financial news about the listing of Yahoo on North America ’s major TV channels is scrolled on several large screens in the exchange, but the sound is completely covered by the surrounding noise, like a silent pantomime.
Near nine o'clock, due to the chaotic situation in the lobby, Nasdaq Group CEO Frank Sabo had to personally bring a group of employees to maintain the order on the spot. Ten minutes later, YahooCEOIan · Gnier was able to walk through the crowd and came to the media studio to give a public speech.
At the same time, Eric, Chris, Steve · Mitnick, Tina · Brown and other core senior executives of the Firefly system also began to gather at the front desk to prepare for the bell ringing ceremony at 9 o'clock 30.
Since the earliest stock trading was entirely manual, the company ’s executives would ring the bell on the day of the company ’s listing to announce that the company ’s stocks had officially begun trading. After more than a century of development, the bell-ringing ceremony has become the pressing of the start button of the electronic trading platform.
After a few more minutes, Ian · Gnell also came to the stage after giving a public speech, and the clock in the hall had passed 9:25.
People were here, and under the close attention of countless eyes inside and outside the exchange, Eric issued a short speech, and immediately, together with others around him, pressed the orange button at the beginning of the transaction.
At the moment when the button was pressed, the ready salute sounded immediately in the hall, and the crowd spontaneously applauded and cheered. All the media that broadcast news on the large screens around them all aimed the live shot at the stage. The crowd.
Besides the exchange, close-up screens of buildings near Times Square also feature close-ups of Eric and others. At this moment, more than a dozen core members of the Firefly system on stage became the absolute focus of attention.
Although they were brought to the stage by Eric, Cindy · Crawford and Linda · Evangelista consciously stood behind the crowd when the bell-ringing ceremony took place.
At this time, feeling the fiery atmosphere around them, even if they were accustomed to spotlights very early on, the two women had some inexplicable feelings in their hearts. Cindy understands that this is probably the power of wealth. Some enigmatic Linda watched Eric take the lead and began to walk down the bell ringing ceremony, but only with a polite smile, puppets generally followed the crowd and slowly walked down.
The bell-ringing ceremony seemed to start quickly and ended very quickly, but then no one left in the exchange hall, and Eric and others no longer stayed in the crowded hall, but moved upstairs A large meeting room overlooking the entire trading floor.
Until entering the spacious meeting room, Linda's mind recovered.
The men were all around meeting table and started to rest and chat. Cindy walked towards the glass curtain wall with Tina · Brown and Amy · Pascal without any worries. Looking at the hall below, Linda glanced at the figure of Eric, some I wanted to get together, but still obediently followed the Cindy to the curtain wall.
I finally remembered that I had subscribed for the Yahoo shares of 1.5 million shares before, and looking at the bustling crowd in the hall, Linda hesitated for a while before asking Tina · Brown beside him: "What next?"
Tina · Brown had n’t had time to answer, and the crowd in the lower hall began to focus on a stock price display with some turmoil, and some people shouted: "Falled, -2.6%."
Linda's small heart tightened, and she looked subconsciously for a moment. Although she didn't know much about stocks, well, basically, she was a financial idiot, but she still recognized that it should not be Yahoo's stock. The stock trading symbol of Yahoo is YHOO, she still knows this. The stock symbol that fell 2.6% on the stock price display was AOL, and the other stock symbols that also fell to varying degrees were not YHOO.
However, AOL, AOL.
This seems to be his company?
It seems wrong, he just sold AOL stock a few days ago.
So, what is the situation now?
Confused in Linda's mind, Tina · Brown next to her took the initiative to explain to several other women: "These are Internet media stocks of the same type as Yahoo, AOL is because it wants to develop into an Internet media company, and it conflicts with Yahoo's business. Eric only gave up this company. Yahoo's market share in the industry is too large, so its listing directly caused the overall decline in the stock price of the same type of Internet media stocks. "
On the other side, Cindy asked curiously: "In this case, will Yahoo be affected?"
"This," Tina shook his head, and said in a similar tone of anguish: "No one is sure."
Several women could n’t help worrying again. After a while, Linda whispered again: "Now, what is Yahoo doing, has it started trading?"
Tina shook his head and explained: "Inquiry is being made. This process takes about two hours and will not be officially traded until eleven o'clock."
Linda hesitated and asked: "What is inquiry?"
Tina patiently said: "It is the exchange that determines the official opening price of the stock based on the intentional trading prices given by sellers and buyers around the world."
Linda said: "I have also subscribed for some stocks, does that mean I can also participate, eh, inquiries?"
"Yeah," Tina said with a smile on his face: "You can call your stock manager now and let him submit the selling price."
Linda immediately felt a little moved, and felt that she could participate in a rather big event, and she felt a little excited.
Well, a high price must be quoted.
I do n’t know if 100USD will work?
The little hand just reached into the shoulder bag to get out the phone, but noticed that the Cindy next to her rolled her eyes, she immediately dismissed the idea, and then stared back politely.
Although the YahooIPO stage of stock subscription is for global investors, it is not for anyone to buy, but has a minimum subscription threshold for 100,000 stocks.
According to the average issue price of 33USD, the value of 100,000 shares is 3300,000 USD. This money does not seem to be a big deal for large investment funds, even rich investors like Linda. But for global's millions of investment institutions and independent investors, 3300,000 USD, most people can not afford it.
Including the green shoe option of 22 500,000 shares, the number of 100 million 72 500,000 shares issued by Yahoo has finally subscribed to less than 300 investment institutions.
Many small and medium-sized investment institutions, within their own capabilities and risk considerations, often only buy tens of thousands or even thousands of shares, and individual investors have a lower buying ability.
However, due to the huge base of these small and medium-sized investment groups, the number of newly issued stocks in the public investment group is often much higher than the amount of stock issuance determined by their IPO. Once there is a shortage of stocks, the stock price will be unavailable. Avoid a big improvement. Therefore, the opening price of many new shares on the day of listing will be much higher than the issue price.
After waiting patiently for half an hour, the commotion finally appeared again in the exchange hall below.
Several women stopped chatting and looked at them together.
On a stock price display screen, the most basic information of Yahoo appears first.
Trading code: YHOO; stock issue price: 33.00USD; number of new shares issued: 150,000.
Then, the square on the back of the display lights up, and two sets of numbers appear: 41.00-43.00.
Although some judgment has been made in my mind, Linda is still a little uncertain.
I noticed that a pair of big hands unwittingly hugged my waist from behind. A familiar breath came, and Linda turned his head, only to find that Eric and others also walked to the glass curtain wall.
When I was in the lobby not long ago, Linda noticed that this is not a one-way glass. Several women are standing at the forefront. Eric is embracing herself at this time, but it is easy to be caught by the people below, or even stay Seen by reporters in the lobby.
The body stiffened, but Linda quickly leaned back.
Anyway, he didn't care, he was a little woman, and he did so much.
But obviously, the crowd in the exchange obviously did not have the energy to pay attention to these people on the second floor curtain wall. Looking at the two sets of red numbers printed on the display, after a moment of silence, there was a burst of enthusiasm in the hall. Applause and cheers.
Seeing the reaction of everyone downstairs, Linda was finally determined, and his cheek leaned closer to the man ’s ear: "Eric, is this the opening price, is n’t it two hours, but has it risen a lot?"
Eric smiled and kissed the woman ’s cheek, shaking her head: "No, this is just the first round of inquiry, and it will continue."
Linda felt the kiss of Eric and shrunk his neck. Can't help looking at the display downstairs, even if it is just calculated according to 41USD, the 1.5 million stocks that I bought have already earned, um, um.
Although it is not calculated, there are obviously many.
Thinking of this, Linda asked in a low voice: "Eric, should the stock price go up in the next inquiry?"
Eric hugged the woman in her arms and looked down at the hall below without giving an affirmative answer, just saying: "This needs to see the results of the next round of inquiry to determine the price trend."
Only in the first round of inquiry, the stock price of Yahoo rose by 24% based on the issue price.
Although the following price trend is still a bit worrying, what is certain is that the first day of Yahoo's listing will definitely not show the "tragic tragedy" of the original Spaceflight Faceb00k directly falling below the issue price. However, thinking of Faceb00k, Eric turned around and found Steve · Mitnick, saying: "Steve, is the technical team still on the side of the computer room?"
Except for the Faceb00k in the memory of Eric, since the Nasdaq exchange was established in 1971, there has indeed not been a dog blood incident in which a company encountered system downtime on the day of listing. Steve · Mitnick actually feels that Eric is somewhat worrying . However, he is actually a cautious person in his heart. Feeling the good situation at this time, he nodded and said, "I'll go and see."
After the figure of Steve · Mitnick leaves, Eric turns his eyes to the hall below.
The first round of inquiry took a long time and took half an hour.
However, the following inquiry time has been shortened a lot.
Fifteen minutes later, the second round of inquiry results appeared on the display in the exchange hall.
46.00—49.00.
Compared with the minimum offer of just 41USD, the minimum offer of 46USD at this time directly increased the stock price of Yahoo by 39% on the basis of the issue price, which is already considered a skyrocket.
Prior to this, the Yahoo team ’s boldest expectation of the company ’s stock price on the first day of listing was only about 40% increase, but only the second round of inquiry, it has been announced that the Yahoo team ’s previous forecast data was invalid.
However, there was no expression of disappointment on the face of any person at the scene. In the applause and cheers that sounded again in the hall, Ian · Gernier, Tina · Brown and Katzenberg, John · Chambers standing by the glass curtain wall , Jeff · Bezos, Victor McNelli, Amy · Pascal and other core high-level Firefly system also can not help applauding.
Everyone understands that on the basis of the first round of inquiries, the results of the second round of inquiries mean that the stock prices of Yahoo in the next few rounds of inquiries will only increase.
The development of the next thing is not only what everyone expected, but it is clearly beyond everyone's expectations.
In the exciting and fiery atmosphere around, time passes slowly and quickly.
At 10:15, after the second round of inquiry results were released, at 10: 30, the third round of inquiry results were soon released.
49.00-51.00.
Next.
Fourth round: 53.00-57.00.
The fifth round: 56.00-59.00.
Sixth round: 61.00-65.00.
Finally, at eleven o'clock 30 points, the seventh and final round of inquiry results appeared on the big screen, and everyone has fallen into a shocked and frantic mood.
67.00—69.00.
After a burst of applause and cheers from the crowd in the exchange hall, the representatives of Yahoo and the Morgan Stanley team began to negotiate the final opening price urgently based on the results of the last round of inquiry. The person in charge also announced to everyone that the official opening time will be delayed to half an hour, which is exactly 12 noon.
In the conference room on the second floor, I received the congratulations from the guests and the senior officials of Nasdaq. Except for Ian · Gnier, Eric and his party did not leave this conference room and continued to wait patiently by the curtain wall last moment.
Finally, the Yahoo stock opened at 68.50USD and rushed to a high of 70.29USD in an instant.
70.29USD, relative to the issue price, skyrocketed by 113%.
As a result, the market value of Yahoo skyrocketed and reached the horrible 88200 million USD directly.
Looking at the already boiling Nasdaq exchange hall, Eric exhaled deeply, calmed down the same excitement at this time, and then reached out and patted Linda, who was also somewhat erratic in his arms: " Nà, quickly call your stock manager and immediately clear the position. "
Although leaning in the arms of Eric, Linda still raised his hands in front of him unconsciously, resembling a little girl who was about to be taken away from the doll, resisting with a throaty voice: "No, you can go up."