Chapter 137 Penguin plummeted after listing
On May 13th, Hong Kong Island Hong Kong Stock Exchange...
There are still three minutes until half past nine.
Penguin held a grand listing bell-ringing ceremony at the Hong Kong Island Equity Exchange Center to start its listing journey. The listing ceremony was very lively. Penguin invited more than 300 industry experts, scholars, industry entrepreneurs and other guests to gather together to witness the milestone of Penguin's listing.
time!
"There are still 2 minutes left. Please welcome everyone, Penguin Chairman Ma Ge, as well as the company's shareholders and shareholders to the stage." As the host finished speaking, Ma Ma, the five tiger generals and representatives of mih walked onto the stage together.
.
Xiao Ma and mih's representatives received a gavel wrapped in red cloth from the staff.
Summoner, when was your shining moment? Was it WCG?
This is the most glorious moment in Xiao Ma's life.
Xiao Ma watched the reporters in the audience frantically taking pictures of him, and the original frustration of being defeated by Qilin completely disappeared.
"Qilin, I will definitely keep it under my feet." Brother Xiaoma thought to himself.
"There are still ten seconds until the market opens, can we count down together?" The time on the big screen had reached 9:29:50, and the host said at this time.
"10"
"9"
"8"
...
"3"
"2"
"1"
The audience and supporters at the scene counted down together.
"Everyone can take more photos to commemorate this exciting moment," the host said.
The listing price of Penguin's stock was 12 yuan, and it began to climb slowly.
"It's gone up, it's gone up, haha." A reporter shouted happily.
Brother Xiao Ma turned his head and looked at the large LED screen behind him, and was very happy to see that the stock price was slowly rising.
Liu Zhiping, who was in the audience, walked from the crowd to an unoccupied corner of the studio and sent a text message.
"Up, up, up~" Many reporters in the audience shouted excitedly when they saw the stock price rising.
It looks like these people all bought Penguin stock.
In 10 minutes, Penguin stock rose to 15 yuan.
"This trading volume is normal." A participant in the gong-ringing ceremony in the crowd muttered in a low voice. He hurriedly walked out of the exhibition hall and dialed the stock broker's number.
"Chang Jida, quickly sell all Penguin's stocks to me."
"Mr. Chen, Penguin is still going up, why do you want to sell it?"
"If I tell you to throw it away, just throw it away. Why are you talking so much nonsense?"
"Okay, okay, I understand, you are the boss and you have the final say."
Chen Zongdan is a large investor on the Hong Kong Stock Exchange and has more than ten years of experience in stock trading. Penguin has only been listed for ten minutes, and the turnover rate has already reached 9%.
In all his years of stock trading, he has never seen any newly listed stocks have such a high turnover rate.
After Chen Zongdan hung up the phone and returned to the studio, Penguin's stock price climbed to 16 yuan again.
"Did I see it wrong?" Chen Zongdan muttered.
Brother Ma and people from the Hong Kong Stock Exchange also exchanged gifts under the auspices of the host.
"Wow~" Suddenly the whole audience was in an uproar.
Brother Xiao Ma was still standing on the stage waiting for the next interview session, but he was frightened by the uproar of everyone present.
"Help me sell Penguin's stock quickly."
"Yes, yes, sell Penguin stocks to me immediately."
"MD, why are you talking so much nonsense? If I tell you to throw it away, just throw it away. If you don't throw it away, I will jump off the building."
The big investors and reporters who held Penguin stocks were all calling the stock brokers.
Brother Ma turned his head and looked at the large LED screen behind him, and his face turned green.
Penguin stock fell from 16 yuan to 8 yuan in less than ten seconds, and the stock price continued to fall.
Liu Zhiping in the audience tilted his lips and showed a satisfied smile. This rapid decline was a good thing they did.
Brother Ma knew that something was going to happen next, so he hurriedly left the studio with the Five Tigers before the audience could react.
...
"Damn Goldman Sachs, they must be up to something." Chen Yidan clenched his fists and said as they were on their way back to the hotel. Xiao Ma on the side remained silent.
Penguin issued 3.4 billion shares, of which 800 million were subscribed by Goldman Sachs. Only Goldman Sachs could bring down the stock price so quickly.
Before the few people even returned to the Peninsula Hotel, a large number of reporters were already blocking the door.
"Mr. Ma, Penguin fell below the issue price just after it went public. What do you think of this?"
"Mr. Ma, it is said that Penguin only accounts for less than 30% of the mainland market, which is not as much as the 50% advertised. How do you explain this?"
"Mr. Ma, according to the news we have received, Penguin's performance this year may be at a loss. How can you explain this?"
As soon as Brother Ma got off the bus, he was surrounded by reporters in the middle. Fortunately, they hired enough bodyguards today and finally entered the hotel smoothly.
At this time, Penguin's stock price also stopped falling at 6.7 yuan, and Goldman Sachs made nearly 500 million Hong Kong Island dollars from this operation.
"MD, Goldman Sachs is too unethical this time. We did this on the day we went public." Chen Yidan said again after several people returned to the hotel room.
"Okay Yidan, this is normal. Anyway, it has been successfully listed. When we defeat Qilin, the stock price will rise back." Xiao Ma comforted him.
He didn't care much about the stock price at this time. The purpose of listing was to raise funds, as long as the purpose of raising funds was achieved, and the pricing of Penguin's listing was originally artificially high.
When they negotiated last year, the price was only set at 3.6 yuan. Now that they can issue it at a price of 8.6 yuan, it is already very successful.
...
The next day Penguin occupied the front pages of major financial programs and newspapers in Hong Kong.
Penguin's share price fell again from 6.7 yuan to 4.2 yuan after being exposed by various media.
After the market closed in the afternoon, Penguin submitted an application to acquire Penguin Facebook to the Hong Kong Stock Exchange and made an announcement.
[In order to enhance core competitiveness, Penguin will acquire Penguin Facebook and Penguin Internet Cafe for US$220 million.]
Only then did everyone realize that Penguin Facebook did not belong to Penguin. Everyone had been deceived by various reports. Many investors reported Penguin to the China Securities Regulatory Commission.
Questioning and suspecting Brother Ma's interest transfer was of no use, because there was no premium in the purchase price and everything was done within the rules.
As for the false propaganda outside, what does it have to do with Penguin? They are all promoted by the media. We have never said that Penguin Facebook and Penguin Internet Cafe belong to Penguin.
On the third day, Goldman Sachs released a research report. The content of the research report was naturally bullish on Penguin, and the rating on Penguin was upgraded to overweight. However, it was of no use. Goldman Sachs' research report did not stop Penguin's share price from falling.
Penguin's fourth day on the market.
Many institutions discovered that someone was secretly buying Penguin shares, and Penguin shares fluctuated around $3.2.
After Xiao Ma repaid the loan from Goldman Sachs, he still had over 1.5 billion Hong Kong dollars on hand.
"We are opening 5,000 more Penguin Internet cafes." Brother Ma announced loudly after he got rich.
Next chapter
Chapter completed!