Chapter 897 3000 points (2) (repair)(1/2)
Midtown Manhattan.
The overcrowded Nasdaq Exchange Hall of No. 4, Times Square, was destined to be an extraordinary day in American financial history.
9:30 am.
After completing the process of accepting reporters' interviews and IPO speeches, all the core members of Tinkobaier took the stage together and jointly pressed the button symbolizing Tinkobaier's stock trading, and the bell ringing ceremony ended.
The day has just begun.
Since the beginning of the month, after a series of storms and games, the Nasdaq Index, which has never been able to cross a certain threshold, ended after the bell ringing ceremony of Tinkobaier, when the stock market officially opened on that day, it easily broke through the long-awaited 3,000 point mark.
Moreover, in just five minutes after the opening, compared with 2987 points at the close of yesterday, the Nasdaq Index's increase reached 2.9%, reaching 3073 points.
At this time, the first polling price of Tinkobaier stock has not yet ended.
In the next half hour, the Nasdaq continued to maintain an upward trend in the fluctuation. At 10 o'clock, the first polling result officially appeared on the exchange display. The Nasdaq index had reached 3139 points, an increase of 5.1%.
The numbers on the electronic display board make many people think that there is something wrong with the system.
$81-$83.
Is this true?
Even after experiencing multiple price increases, Tinkobaier's issuance price was only US$50 in the end. Even according to the lowest price of US$81 on the display, the increase in the first round of polling price reached 62%. Not to mention the others, the IGRENT IPO, which is closest to time, has only been 51.7% overall increase on the first day of listing.
Even though the officials were confused about this, the repeated confirmation was correct, and in the exchange hall, many people had a thought in their minds.
Crazy!
It's really crazy.
Of course, some people realize that this situation is likely because Tinkobaier's IPO valuation is obviously too conservative, and it is not an exaggeration to say that there have been serious mistakes.
The first round of polling price has exceeded 60%, and it may not be a problem for Tinkobaier's stock price to double on the first day of listing.
The first day of listing has exceeded 100%. In the current environment where the wave of new technology has become increasingly turbulent, it is actually not uncommon. Many emerging technology companies listed in the past two years have met this standard.
But those companies are basically small startups with a market value of less than $1 billion.
Even if Tinkobaier's IPO is not as terrifying as Igrit's $150 billion US dollars a year ago, with a valuation of more than $40 billion US dollars, it is already at the level of a giant in this era. People always see companies such as Igrit, Daenerys, Cisco, and American Online, which have a market value of more than $100 billion US dollars. They seem to think that corporate giants should be of such a size, but in fact they are far from it.
In addition to General Electric Group, which barely keeps up with the new technology wave in terms of market value, other veteran companies that once represented the strength of the United States have all market value within the range of 10 billion US dollars.
For example, Boeing.
Two years ago, news that Westeros bought Boeing was injected with a shot of a booster to the company's sluggish stock price. However, Boeing's recent market value is actually only about US$37 billion, even Tinkobaier's IPO valuation is less than valuation.
Just the first round of polling, Tincobaier's market value is close to the size of two Boeings.
The results of the first round of polling were released. The Nasdaq, which was already a good start, rose again. When the results of the second round of polling were displayed on the electronic display, the Nasdaq had already reached 3219 points, opening for 45 minutes, with a cumulative increase of 7.7%.
Tinkobaier's stock price also reached $88-$90.
Then.
Round 3: $91-$93.
Round 4: $95-$97.
Round 5: USD 101-USD 103.
Round 6: $107-$111.
Due to the new technology wave in recent years, Tinkobaier is not a company whose stock price has risen by more than 100% on the first day of opening. However, this is definitely the first $10 billion corporate giant whose stock price doubled during the inquiry stage.
At 11:15 am, the inquiry session ends.
Even based on the minimum quotation of $107, Tincobaier's stock price has increased by 114% compared with the issue price, with a market value of $87 billion.
At the same time, the Nasdaq Index also reached 3265 points, with a cumulative increase of 9.7%, setting the largest single-day increase in the Nasdaq market since its establishment in 1968.
A crazy day.
Whether it is TV or the Internet, countless media people have exclaimed this.
And this day continues.
Finally, when the time came to 4:30 pm Eastern Time on February 16, the federal stock market closed, and the stock price rose by 151% on the first day of its listing, with a closing price of US$125.50 and a closing market value of US$102.1 billion.
Another giant of a billion dollar enterprise was born in one day.
The Nasdaq Index was finally frozen at a high of 3324 points, with a single-day increase of 11.3%.
The highest in history.
However, the most noticeable news in the evening newspaper that afternoon was snatched away by a young man who stood behind all this.
$100 billion!
Simon Westeros’ personal net worth officially exceeds US$100 billion
Compared with the data from Fortune magazine some time ago, today's statistics are even more unquestionable.
Unlike the Dow Jones Index and S&P 500 Index, which only sample some stock data, the statistics of the Nasdaq Index are based on the comprehensive data of all listed companies in the Nasdaq sector. Now, the Nasdaq Index has increased by 11.3% in a single day, which actually means that the cumulative increase of the stock prices of all companies in the Nasdaq sector has reached a considerable level within this day.
The same is true.
As of 4:30 pm on February 16, the U.S. stock market closed, and the entire Nasdaq sector, key companies related to the Westeros system:
Igret's stock price rose 12.6%, with a market value of US$356.7 billion.
Cisco's stock price rose 11.9%, with a market value of US$319.5 billion.
The stock price of US Online rose 8.3%, with a market value of US$245.9 billion.
Microsoft's stock price rose 9.5%, with a market value of US$227.8 billion.
Intel's stock price rose 12.6%, with a market value of US$131.5 billion.
...
Even Daenerys Entertainment Group, which is listed on the New York Stock Exchange, as an important part of Westeros concept stocks, rose 7.1% on February 16, with a market value of US$302.6 billion.
Obviously, just this day, except for Igritte some time ago, two super giants with a market value of $300 billion appeared in North American stock market. Moreover, whether it is Igritte, Cisco or Daenerys Entertainment, they all belong to the Westeros system and are controlled by a young man who will only turn 28 next week.
However, the three super giants at the $300 billion level, according to their shareholding ratio, the total personal wealth contributed to Simon reached US$602.3 billion.
The other two US$200 billion American Online and Microsoft contributed $155.1 billion and $42.5 billion respectively, totaling close to $200 billion.
The five companies have reached US$800 billion in total.
In addition, after completing this IPO, Westeros has a 57.7% stake in Tincobaier after minus the cash-out, but this part of the stock has a value of another US$58.9 billion.
In addition, the Westeros system may have full or heavily held stocks in industry giants such as Verizon, Nokia, Intel, Oracle, SUN, Cersei Capital, Melisandra, BHP and other industry giants have a total of more than 200 billion US dollars.
Even more.
Forbes magazine, which has been secretly poached a lot of attention by competitors such as Fortune, finally couldn't help it this time and was the first to release the latest statistical report on Simon Westero's personal wealth that afternoon.
The final figure is $1060 billion.
Compared with other financial media, the reason why Forbes' wealth list is more authoritative is that its team has more rich and detailed data accumulation. Unlike the articles of Fortune magazine some time ago, Forbes not only gave a figure of 1060 billion US dollars on its official website this time, but also gave a very detailed data source.
So they directly killed all other data, which became the citation standard for most media to report on this topic.
$1060 billion, what does this mean?
In just past 1995, the US's annual GDP data was US$7.64 trillion.
Simon's personal net worth is equivalent to 13.8% of the US GDP. At that time, the Rockefeller family accounted for 1.5% of the US GDP at its peak, and it was far behind and there was no comparison.
Worldwide, the only six countries with annual GDP reached US$1,000 billion in 1995 were the United States, Japan, Germany, France, the United Kingdom and Italy.
Later, the GDP data of Brazil, which ranked seventh, was already US$769.3 billion.
Even though many media pointed out that Simon Westeros' personal wealth is too concentrated in technology stocks with a large bubble, there is no doubt that even if the water is squeezed, the Westeros system is already a super chaebol of the terror level. On this planet, no consortium power can be compared with it, even the royal families in the Middle East that control a large amount of oil resources are far inferior.
February 16.
Within this day.
The Nasdaq Index broke through 3,000 points.
The Nasdaq index's 11.3% increase in a single day set a historical record.
Two other giants with a market value of US$300 billion have emerged in the US capital market.
Simon Westeros’ personal net worth exceeds $100 billion.
...
All these miracles cannot be without reason.
When ordinary media were amazed by this, many people were also exploring the reasons for the Nasdaq explosion today.
Tinkobaier's IPO stimulates the market is undoubtedly the most obvious and direct factor.
Although many people believe that Tinkobaier's IPO valuation is seriously underestimated, in fact, the final IPO valuation of $40.7 billion has fully taken into account all factors, including Tinkobaier's growth, the potential Internet attributes of this company and even the upcoming release of new products that have been circulating in the market.
The IPO price-to-earnings ratio, which is nearly 40 times, has exceeded the valuation level of similar electronic companies.
Even though some media had already believed that Tinkobaier's IPO valuation was seriously low and should actually reach the level of 100 billion US dollars, it was not the mainstream voice. The first day's increase reached 151%, which can only be said that the market's enthusiasm for chasing the company's stocks far exceeded the IPO team's expectations in advance.
So, why is everything?
To be continued...