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Chapter 152 The Richest Man in the Mainland (5/5)

In the entertainment industry, no matter whether it is a director or an actor, as long as it can be sold for money, it will naturally be supported by investors as grandfathers - no one in this world will be unable to get along with money.

Zhao Yijun and Zhang Yang are considered exceptions!

One of them is good at producing and the other is good at selling movies...

According to Zhang Junsheng's opinion, you two should just do what you are good at. As for the director's thing, don't force it...

Zhao Yijun doesn't care. He is already in his fifties and has been staying in an organization with a TV license to intervene in the Internet hardware field...

No future for money?

“…Why does Aunt Chen have to make a box?”

"Who knows, maybe I want to do something that changes the world!"

"Do you want to sell sugar water for your whole life, or do you want to change the world with us?"

"…What?"

"fine…"

...

As a rebirth, Zhang Junsheng knew very well that there was no future in making boxes in the country!

Seeing the market booming, some people's cheese has moved!

The TV box has rich content and can also watch various programs for free, so more and more users choose to buy and use the TV box directly.

This has also had a serious impact on the ratings of traditional TV stations. Data shows that with the popularity of TV boxes, the ratings of major satellite TV stations generally fell by more than 10%, while the ratings of the evening prime time even fell by more than 20%.

The direct impact of the reduction in viewership is advertising revenue, and users are transferred to Internet platforms, so advertisers are also transferred.

In this way, traditional TV stations not only lost a large number of users, but also took away considerable advertising revenue.

For major TV stations, the emergence of TV boxes has indeed pierced their cheese.

Therefore, in 2015, the General Administration issued the strictest ban, requiring local governments to close the illegal video download channels for Internet TV terminals...

I took the TV box home in one fell swoop...

This is also the reason why Zhang Junsheng doesn’t make boxes. He should be his own video platform with peace of mind!

...

According to previous estimates, Weibo's issuance price is US$15, and the financing scale is about US$2 billion.

Based on the issue price, Weibo's valuation is US$12 billion...

At 9:30, the stock will start opening price inquiry, and the designated market maker Barclays counter and stable market manager Morgan Stanley will decide together to be the most suitable opening price and decide when to open.

The process of inquiry for the company's IPO opening price is actually a bargaining process. The issuance price of the company's stock is equivalent to the ex-factory price of the product. The process of inquiry is the product's selling price and buying price in the market. After bargaining between buyers and sellers, it is finally determined that the price that can be accepted by the most people and can also make the most transaction orders. This is the opening price.

Weibo is a popular stock with a very large trading volume and a lot of bargaining, so the bargaining process is a bit delayed.

Zhang Junsheng hopes that these people will discuss for two hours. The later the opening price, the higher the price!

About ten minutes, it was 9:40, and the trader at the Barclays counter stood up and shouted loudly: "The opening price range is 19 to 23 US dollars!"

Although the New York Stock Exchange is now full of modern equipment, they still stick to tradition. Every time the price is shouted out by the trader and then displayed on the screen.

Zhang Junsheng didn't understand the rules of the New York Stock Exchange very much, but just watched the trader shouting the opening price several times, and the final opening price was set at US$26.6, and the market was officially opened!

The rest of Zhang Junsheng understood that in two hours, Weibo's stock price rose from $26.6 to $31.6...

It rose by 18%, and its market value was fixed at US$25.2 billion...

Zhang Junsheng was a little speechless, and he could only say that those who do the Internet really make money!

It has just been listed, and its market value is close to two Yuehua Media...

There is also a bull market after the bottom of the US stock market in March, and Weibo has caught up with a good time...

Mainland media are very concerned about Weibo's listing, especially Zhang Junsheng announced that he is the third shareholder.

"Forty-two percent of Yuehua's shares and eighteen percent of Weibo's shares, combined with more than 80 billion yuan, he is already the new richest man in the mainland!"
Chapter completed!
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