Hollywood Hunter

Since the Simons and his wife arrived at the NYSE headquarters at 7 o'clock in the morning, the atmosphere inside and outside the century-old stock exchange building has become more and more heated as more guests arrive.

Not only the core executives of Daenerys Entertainment Group such as Amy Pascal and Robert Egger, but also a large number of executives in various fields such as Igreat, Cersei Capital, and Verizon Telecom in the Westeros system. All arrived one after another. As an entertainment giant rooted in Hollywood, the large number of movie stars, pop singers and supermodels invited to the ceremony make the New York Stock Exchange, which used to only concentrate a large number of financial street people, look star-studded.

Today’s listing ceremony was broadcast live on the Eaglet portal as usual.

When the time came to 9 o'clock in the morning, the total number of viewers watching the live broadcast of this listing had exceeded 26 million worldwide.

All the attention is not enough to describe this grand occasion.

At 9:15, the core executives of Daenerys Entertainment who were interviewed by the media began to gather at the bell ringing ceremony stage. Daenerys Entertainment CEO Amy Pascal delivered a listing speech on behalf of Daenerys Entertainment.

Simon should have been responsible for this job.

However, according to a ridiculous statement in his memory, even though his strength does not allow him, Simon still adheres to a low-key public strategy to the greatest extent possible, as far as possible without showing up.

In fact, Simon's current chairmanship of Daenerys Entertainment Group originally wanted to pass to Amy Pascal.

In fact, if you do this, it means that the sequence of turns has made a way for many people to advance.

However, after the matter was raised, the management of Daenerys Entertainment expressed opposition. Although everyone knew that even if Daenerys Entertainment did not name any position, Simon would not turn a blind eye to this company, but the public invested People don’t necessarily think so. As the Westeros system becomes larger and larger, they are likely to think that Simon intends to completely put down Daenerys Entertainment’s management work, which will inevitably affect the market’s influence on this company after the company’s listing. confidence.

As a person who wants long-term investment in his heart, Simon does not care so much about short-term stock price fluctuations of various companies in the Westeros system, but he has to consider the interests of many others.

At 9:30, the New York Stock Exchange opened.

The Simons, Amy Pascal, Robert Iger, Nancy Brill and other senior officials of the Westeros system are watching tens of millions of viewers on the trading floor, live TV, webcast and other media channels. The push button symbolizing the beginning of trading of Daenerys Entertainment Group's stock officially completed today's bell ringing ceremony.

However, for most people who pay attention to this matter, an exciting day has just begun.

After the bell ringing ceremony, the stocks of IPO companies will not start free trading in the secondary market for the first time, but will enter the inquiry stage of investors around the world, so as to reasonably determine an opening price based on the true buying intention of the market. It can be ensured that the transaction system will not be congested in a short period of time due to large quantities of purchase orders in the formal transaction stage.

The usual corporate IPOs often only go through two to three rounds of bidding. Generally, the market opens at 9:30 and can be officially traded before 10:30.

After completing the bell ringing ceremony, the Simons, the Westeros system executives, a large number of media reporters and many guests on the scene did not leave in a hurry. It was only an hour’s inquiry time. Everyone did not lack this patience. Everyone wanted to personally When Daenerys Entertainment, which has witnessed an IPO valuation of as high as $53.1 billion, officially opens, how much will its stock price reach?

Through the IPO roadshow and media comments before the listing, the stock price of Daenerys Entertainment will inevitably rise again on the basis of the issue price on the day of listing. This is a fact that everyone believes. Just how high Daenerys Entertainment's stock price can go on the first trading day of the listing, the forecasts given by the media and industry analysts are quite different.

Conservatives believe that the closing market value of Daenerys Entertainment Group on the first day of listing should be between 60 billion and 70 billion U.S. dollars. After all, this is already the top market value of American companies at this stage.

Some people believe that Daenerys Entertainment will break the throne of IBM's US corporate market value on the first day.

As of yesterday's close, the market value of IBM, which has clearly begun to recover under the leadership of the new CEO Louis Gerstner, has reached a new high, reaching 81.7 billion US dollars in the past year.

If Daenerys Entertainment wants to surpass IBM in its market value on the day of its listing, the stock price needs to rise by 53% on the first day. Even if Daenerys Entertainment’s market value is too large, based on the recent capital market’s expectations of Daenerys Entertainment, think To achieve this goal is not too difficult.

The most optimistic argument even tends to be that Daenerys Entertainment’s market value on the first day of listing will break through the 100 billion U.S. dollar mark, becoming the first listed company in the history of the United States with a market value of 100 billion U.S.

This is not without aim.

According to Daenerys Entertainment’s previous fiscal report for the first quarter of 1994, from January to March at the beginning of the year, Daenerys Entertainment’s single-quarter revenue was US$5.627 billion, an increase of 37% compared to the same period last year. Achieved a net profit of 653 million US dollars, a year-on-year increase of 16%.

According to this financial report, Daenerys Entertainment's revenue for the whole year of 1994 will be conservatively estimated to reach 22.5 billion US dollars, and the annual net profit will not be less than 2.6 billion US dollars.

Therefore, even if the market value of Daenerys Entertainment on the first day of listing exceeds 100 billion, it is only equivalent to a P/E ratio of 38 times.

After the Gulf War, the U.S. stock market has continued to recover, and companies with a P/E ratio close to 40 times abound. What's more, it is Daenerys Entertainment, a super entertainment giant that suppresses all other Hollywood movie companies.

The first round of inquiry takes a long time.

At 10 o'clock, the electronic display on the trading floor of the New York Stock Exchange finally showed the results of the first round of inquiries. The quotation range was US$24.75 to US$25.25.

Compared with the issue price of 22.5 US dollars, a direct increase of 10%.

Many people inside and outside the exchange can't help but calculate. Based on the three rounds of inquiry, Daenerys Entertainment's stock price may rise by 30% compared to the issue price when it opens, which is equivalent to directly breaking through the $70 billion market value.

However, the development of things is still far beyond everyone's expectations.

After the second and third rounds of inquiries at 10:15 and 10:30, the quotation range has risen to US$27.5 to US$28.5. About 24% of the three-round price increase is slightly lower than some people’s expectations. , The exchange soon sent feedback that investors’ inquiry applications are still very active. In other words, the three rounds of inquiry are not the end, and things will continue.

Many on-site guests who originally planned to leave the NYSE after the stock market opened were ignorant of the fact that time had slipped by unknowingly for an hour.

Everyone chose to stay and wait.

Not only did the live broadcast audience of the Eaglet portal have not decreased because of the end of the bell ringing ceremony, but this hour has continued to increase. At around 10:30, the total number of audiences has exceeded 31 million.

Subsequently, the inquiry continued.

Fourth round: 30.25-30.75

Fifth round: 31.5-32.25

Sixth round: 32.75-33.25

Seventh round: 33.75-34.75

Eighth round: 35.25-35.75

In 1994, although electronic trading has begun to spread more widely, in order to reduce the data processing load during stock trading, stock quotes are still based on one-eighth of each share as a fixed unit, that is, each price change must not be less than 0.125 Dollar.

Until 11:45, the countless spectators who had waited for more than an hour unexpectedly were so excited and numb that they finally looked forward to the results of the eighth inquiry of the last round.

The US stock market is not closed at noon.

Therefore, at 12 o'clock, the New York Stock Exchange finally announced that Daenerys Entertainment's stock will officially start trading at an opening price of 35.5 US dollars.

As of this time, compared with the issue price of US$22.5, Daenerys Entertainment’s stock has risen by 57%, and its opening market value is as high as US$83.3 billion, which directly knocked IBM to the second place and promoted to the first place in the market value of US listed companies. .

IBM's record is easily broken, can the 100 billion yuan be far behind?

With this kind of doubt and some weird expectations, countless eyes are still paying close attention to the changes in Daenerys Entertainment's stock after the official opening.

The Simons originally thought they would be able to leave the NYSE around 10:30, but they didn't expect to wait until noon.

Daenerys Entertainment prepared a lunch reception at the Hilton Hotel in Xiacheng, not far from the New York Stock Exchange. Due to this delay, everyone arrived at the hotel’s banquet hall one after another around 12:30. The start of the reception at 11:30 has been delayed for an hour.

However, no one cares about such details at this time.

Even after arriving at the hotel, the topic of discussion is still how Daenerys Entertainment's stock price will fall when the market closes today. Some guests still hide in the corner to answer a phone or two between the receptions.

I took a rest late last night, got up early today, and maintained a state of excitement that lasted for a whole morning. Janet did not come to the reception, and went straight back to the apartment on Fifth Avenue from the New York Stock Exchange, planning to get a good night’s sleep. feel.

Simon couldn't leave together and rushed to the Hilton Hotel alone.

"Our market analysis team has collected the first batch of audience survey questionnaires on the East Coast in the morning. Everyone's feedback on "Forrest Gump" is very positive. They think it is very interesting and worth watching. More than half of the audience said they would like Recommended by people around. Although the specific results will be released tonight, this is already a very good sign, and the box office of the film should not be too bad."

Inside the banquet hall.

There have been too many discussions on the topic of IPO. Simon and Amy talked about "Forrest Gump", which was officially opened on a large scale today.

Everyone understands that the box office success or failure of "Forrest Gump", which happened at the same time, will greatly affect Daenerys Entertainment's box office trend in the next period of time.

Now that it has been listed, even if Simon still firmly holds the absolute control of Daenerys Entertainment through the dual-shareholding structure, many things must be carried out in accordance with the rules. Maintaining a company’s share price is something that a company’s shareholders and management must do their best.

In order to achieve the phenomenon-level viewing effect of word of mouth, the most important recommendation ratio in the audience feedback can be achieved by more than half of the surrounding people.

Although Amy's attitude is still biased towards conservative, but in the morning questionnaire, this index has reached the standard.

Simon basically relaxed and said, "Now we can discuss the issue of the additional publicity budget. You can arrange it this afternoon, and first add 10 million US dollars."

Amy thought for a while, nodded, but said again: "I will divide this budget into other films."

Loss-sharing budgeting is a common practice for many film companies to whitewash their financial reports.

Before the IPO, Daenerys Entertainment did not have this practice, because it was unnecessary, and Simon also required the management to provide himself with 100% accurate financial data.

Now, since it has become a listed company, it often has to adopt some special financial measures.

There is no fish when the water is clear.

Simon is not disgusted with the cover-up actions taken by the company when necessary, but this time he vetoed: "No, it can be directly counted in the budget of Forrest Gump. Amy, Daenerys Entertainment The efficient management system over the years has not come easily. I don’t want Daenerys Entertainment to make unnecessary changes to meet market rules so quickly. Sometimes, some things are lost and it is very difficult to find them back. "

Amy nodded solemnly, feeling the serious gaze of her boss.

The two chatted a few more words, and Raymond Smith, the CEO of Verizon Telecom, came over to say hello, and Amy Chao took the initiative to walk away.

After being included in the Westeros system, Verizon has been making efforts in mobile communications layout and focusing on the expansion of overseas markets in recent years.

Now, the two aspects of the layout have reached a considerable degree, Verizon wants to go further, can only look forward to the further relaxation of US telecommunications regulations.

The Westeros system originally promoted the telecommunications reform-related bills very smoothly, but due to the spoiler of the Hearst family some time ago, Daenerys Entertainment’s layout in lobbying for related bills was severely set back, and it caused the ongoing efforts. The wide attention of many candidates in the mid-term elections, don’t think of any progress in this matter in the short term

Raymond Smith can only envy AOL.

This Internet service provider, which relied on the emerging Internet industry to exploit the loopholes in the US telecommunications law, does not have to be restricted by Verizon’s legal restrictions that Verizon can only operate in a few states, and can expand its business throughout the United States.

Although pure Internet access services are much thinner than AOL’s investment in basic equipment, as long as US telecommunications regulations are relaxed, AOL can easily use its hundreds of thousands of kilometers of fiber optic network in the United States. Expansion to the field of cable TV and fixed telephone, this will inevitably severely impact traditional cable TV and fixed telephone operators.

It stands to reason that traditional telecommunications manufacturers should oppose the relaxation of telecommunications regulations.

The fact is just the opposite.

Regional telecommunications companies such as Verizon also have ambitions to expand to the entire United States. To do this, even if they understand that the relaxation of telecommunications regulations will make AOL even more powerful, they have to participate in the reform of federal telecommunications regulations. Otherwise, , They can only sit trapped in a city and slowly decline.

The Westeros system has completed its potential layout in the fields of Internet services, cable television, and fixed telephones through AOL. Raymond Smith understands that Simon can no longer support a second similar telecommunications giant, and neither can the US government. allow. Therefore, Verizon’s development focus can only point to the emerging mobile communications field.

In accordance with the rapid growth momentum of the mobile communications industry in recent years, Raymond Smith also determined that the future market size of this field will not be much worse than that of the traditional telecommunications industry.

Everyone is staggering in the Hilton Hotel, the New York Stock Exchange, Daenerys Entertainment's stock price rose after the official opening, still not stopping the pace of rising.

The high opening stock price not only did not inhibit the trading activity of this stock, but it further stimulated the desire to buy by investors around the world.

When the reception lasted until about 1:30 in the afternoon, an hour and a half after the official opening, exciting news came from the New York Stock Exchange. Daenerys Entertainment's share price rose 88% to $42.375. According to Daenerys Entertainment’s total equity of 2.363 billion shares, the market value officially exceeded the $100 billion mark.

Then, the miracle did not stop.

After breaking through the $100 billion market value, Daenerys Entertainment's stock price finally fluctuated, but the overall trend remained upward.

At 3:46 in the afternoon, Daenerys Entertainment's share price broke through the high of US$45 and achieved a 100% increase on the first day of listing.

Then, in the last forty minutes of trading this week, the stock's trading became more and more active.

Finally, the time came to 4:30 pm.

At the close of the U.S. stock market, Daenerys Entertainment's stock price was finally fixed at $47.75. Compared with the issue price, the stock price rose by 112% on the first day of listing. The final closing market value not only exceeded the $100 billion mark, but even went further, reaching an astonishing 1,128 100 million US dollars high, unstoppable!