Chapter 168 Listing Conditions
There are a lot of people on stock exchanges recently.
Not only are stock investors, but also some are businessmen and investors.
They are not here to trade stocks, but want to see if they can list their companies on the exchange.
Since Jumian Textile Company launched this so-called listing, everyone's eyes have turned red.
In their eyes, even if Ju Cotton Company successfully broke through under the encirclement of Fantasy Textile Company, it was worth at most about six million.
They think the price is relatively pertinent. Jumian Company's equipment factory is worth three million. The remaining three million is trust in Jumian Company's ability to make money and expectations for future prospects.
For example, they will not believe the price given by the evaluation agency. The valuation is worth tens of millions, it is too empty!
This is all very nice. They are all making excuses. They don’t bother to watch the fun. The more you don’t sell shares, the more they bid. If you sell the company directly to 10 million, do you see if anyone buys it?
There is definitely not! This is the experience of these businessmen over the years.
As a result, Jumian Company launched a listing and divided 100% of its shares into one million shares and issued them to the market.
Then, they were all confused.
I watched the five-dollar stocks rise all the way, with a price per day, and it only stabilized until the current 18 or 19 yuan.
Good guy, the market value of five million has increased to 189 million!
And this is not a valuation, it is pushed up by investors with real money!
If the first batch of stocks were bought for five yuan, if they had not sold them before, even if they only had one thousand shares, they could make 13,400 yuan from 5,000 yuan. This is a profit margin of more than 200%.
This is just an ordinary shareholder, and they envy him even more as the major shareholder of Jumian Company!
For example, Luo Yin, the largest shareholder, jumped into a millionaire in just a few days!
How can this not make people jealous?
However, while everyone was jealous, they were also confused or disagreeing with Luo Yin.
Because Luo Yin still holds 67% of the shares in his hand.
Why do you want so many shares? If they were Luo Yin, they would just leave at most 34% in their hands. They would sell 33% more, which is 330,000 shares! After all, at the current price, 330,000 shares can be worth six million!
[To be honest, I have been using wild fruit reading to read books and follow updates recently, changing sources and switching, and pronunciation aloud for many tones, www. Android and Apple are available.]
Even if they can understand that if there is too much selling, the price will drop. But after observation during this period, they can see that the stock of Jumian Company is extremely stable. Even if the price is reduced, as long as the company does not have any major problems and is operating normally, it will not be reduced too much. At least it will be fine to sell for five million.
But Luo Yin sold 15% and stopped, holding on to so many shares in his hand. After their calculations, Luo Yin only made less than two million in these shares. Although there was a lot of money, for Luo Yin, he could make more money!
These people want to sell these stocks on behalf of Luo Yin. They also want to see a myth of getting rich rising in front of them!
Of course, that is impossible. After all, they are them, and Luo Yin is Luo Yin. But since Luo Yin doesn’t want to be this myth, then they come!
They are all businessmen, who doesn’t have a company?
It's just a matter of setting up an exchange and then dividing the shares into stocks.
Just a few days after Jumian Company went public, many companies in Qiongbi City began to learn to behave well, set up an exchange and try selling stocks by themselves.
The result is... very miserable.
First of all, the exchange seems simple, but when they really get it done, they find it difficult, and they can't even handle the most basic transactions, let alone other things.
Then there is the issue of trust. After they get the exchange out, they don’t believe you at all. If they don’t come to you to trade stocks, then it’s useless if you issue more stocks!
Just when they felt helpless, news suddenly came from Luo Yinnong Exchange that they welcomed other companies to come here to go public.
Only then did everyone realize that this exchange was not exclusive to Ju Cotton Textile Company!
They had thought that a listed company would have to be equipped with an exchange. It turned out that they were thinking too much.
Since there is a ready-made exchange to use, they ran over and wanted to go public here.
But the exchange told them that the conditions for listing have not yet been released, and they will notify them after they are released. During this period, they can prepare for listing.
This is to make preparations mean that the company's operating conditions must be good. The exchange stated that it is impossible for all companies to let you go public, and it requires review.
So, during this period, a boss came to the exchange every day and wanted to see if the listing rules were made.
Today, everyone entered the exchange and found that there was an extra sign in the hall. When they looked again, they turned out to be the listing rules!
The bosses were immediately excited and quickly checked. But after reading, everyone looked at each other.
This rule is so difficult!
Since an exchange was created, Luo Yin naturally wanted to do it well. He should not issue stocks for any company to list, otherwise if he lost his reputation, it would be in vain.
There are several listing rules in total, and they said that the rules will continue to be updated. The subtle meaning is that listing is relatively simple now, and if there are too many conditions in the future, it will become more and more troublesome.
1. The company's market value is more than one million United Coins.
2. The annual financial statements must be submitted to the China Securities Regulatory Commission and the company's shareholders for reference.
3. The shares issued by the public reach more than 10% of the total number of shares of the company.
4. The company has not committed any major violations in the past six months, and the financial accounting reports have no false records.
Five, the company...
These rules were discussed by Luo Yin in parliament.
He also specially proposed to establish a CSRC department to uniformly supervise and manage the city's stock market, maintain market order, and ensure its legal operation.
Although Luo Yin established an exchange, it is impossible for the exchange to decide everything. He needs an official department to supervise it.
If no one manages it and the exchange becomes bigger, Luo Yin can't guarantee what will happen. And without official management, it is unlikely that you want to grow bigger. Even if the city hall doesn't care, the kingdom will definitely have to manage it in the future. Instead of waiting until the passive restrictions are restricted in the future, it is better to take the initiative to put a layer of shackles on the exchange now to prevent wild growth.
Luo Yin served as an honorary chairman in the China Securities Regulatory Commission, the kind that doesn't care about the matter. This is an affirmation of him as the founder.
There are not many conditions for a company to go public, but each condition is not simple.
Most of the bosses present were sad and wanted to go public in a circle, but their companies could not meet the conditions for listing.
Chapter completed!