Video Game Empire
Chapter 175: icon listed
Usually, when we refer to London, we often refer to "Greater London", which consists of 32 boroughs. (Starting) Chelsea, Tottenham, and Arsenal in the Premier League are all known as London teams because their home stadiums, Kensington-Chelsea, Haringey and Islington, are all under the Greater London metropolitan area. One of the 32 autonomous counties.
But the City of London in the narrow sense only includes the City of Finance, which is less than one square mile. It started here 800 years ago and was the most important financial center in the world long before the Industrial Revolution, with a history much older than Wall Street in Manhattan, New York.
However, in the 20th century, the United Kingdom experienced a sharp decline in its comprehensive national strength after two world wars, and its status as the world's number one power was replaced by the United States. Wall Street also overtook the City of London to become the world's new financial center. But the City of London is still the second largest financial center in the world after Wall Street.
This small area of the Financial City is home to more than 600 banks, the world's largest foreign exchange market and international insurance market, and the oldest stock exchange and gold market. 35.8% of the world's daily foreign exchange transactions, 70% of international bond transactions, and 19% of cross-border loans are conducted here.
Li Xuan's luxury Bentley drove past an eight-storey building with a windowless fortress, which is the headquarters of the Bank of England, the central bank of England, known as the "king of banks". And a vertical matchbox-shaped building adjacent to it is Li Xuan's destination, the London Stock Exchange. It has a history of more than 200 years from its establishment to today, and can be regarded as the originator of the world's securities trading.
The London Stock Exchange opens very early in the morning, with daylight saving time at 7.30am. There is often a ceremony to ring the opening bell in the listing of new shares. The exchange had already set up a small stage early on.
It was less than 7 o'clock when Li Xuan arrived at the exchange, and there was still some time before the ceremony began. So he went to a conference room for a short rest. All the high-level executives of Aikang Company have already been present, and Li Xuan has some red bloodshots from everyone's eyes. It can be assumed that many people did not sleep well last night.
"This is the investment director of the British Railway Pension Fund, Sir Genalel!" Hawke, the president of Ikon, looked high-spirited. Today is his glorious day. He smiled and introduced the slightly serious Englishman to Li Xuan.
"Mr. Li, hello!" Genalel showed a somewhat pleasant smile on his face, and nodded to Li Xuan very gentlemanly.
Pension funds are one of the most important investors in European and American securities markets. The stocks held by pension funds in the UK account for more than 20% of the total market value of all listed companies on the London Stock Exchange. Therefore, whenever a stock market crash occurs, Western newspapers will report that many people who are nearing retirement have to postpone their retirement due to a significant reduction in their pensions.
The rail pension fund controls more than £10bn in pensions for all staff across the UK rail system. It, along with another called Greater London Public Employees Pension, is one of two strategic investors Ikon has brought in before.
Six months ago, when they took over the shares of Aikang from the major shareholder Dongfang Electronics, the valuation per share was 4.5 pounds, and now the final issue price has soared to 8 pounds. That is to say, in just half a year, their return on investment in Icon Computer Company is nearly 80%.
And after the stock is officially listed and traded, the possibility that the stock price will continue to rise is very high. Although they signed an agreement with Aikang, all shares have a lock-up period ranging from 3 to 9 months in batches, these gains are only floating profits. But at least Generale himself is very optimistic about the future of Icon Computer.
Money is earned endless. Li Xuan will not feel a pity because of the 20% equity that was previously transferred. If you only eat alone, you will not share the profits, you will only be isolated by the market.
In fact, Li Xuan is very satisfied with these strategic investors chosen by Aikang. Like these two pension funds. Their most important duty is not to earn high returns, but to preserve value. So as long as Ikon's performance is stable, they won't easily sell their shares. This largely ensures the stability of the company's stock price.
And like the British Rail Union, he is a very powerful organization. Although it will not be able to bring down several governments in a row like the British Coal Miners Union, its influence on the British political situation is not weak. And the foundation that holds the pensions for employees of the entire railway industry. Nature also has a good influence. They become the major shareholders of Aikang, and they will try their best to protect Aikang for their own interests.
"Sir Genalel, you've made another wonderful investment!" Another old man in a dark tuxedo came forward with a glass of champagne with a smile.
"Sir Goodison, yes, I'm sure this is indeed a good deal, thanks for bringing all this, Mr. Li!" Genalel smiled again and nodded to Li Xuan.
Li Xuan has already recognized that this is the chairman of the London Stock Exchange, Nicholas Goodison. It is a matter of pride for Li Xuan that Goodison came to attend the listing ceremony of Aikang in person.
"Mr. Chairman, hello!" Li Xuan greeted the other party politely, and then responded to Generale, "Thank you Sir Generale for his trust in Ikon, I believe Ikon will use it. Better performance to return the trust of all investors!" "Mr. Li, Aikang is a company with great potential. Thank you for choosing the London Stock Exchange. I believe you will have a wonderful memory today!" Goodison said with a smile.
At this time, it was time to start the listing ceremony, and all the guests began to leave the conference room to go to the ceremony site.
"Gentlemen and girls, thank you very much for taking the time out of your busy schedules to attend the listing ceremony of Aikon Computer Company! Aikon is a very young but dynamic company..."
Albert Hawke from Ikon delivered a warm speech, recalling the entire entrepreneurial process of Ikon with passion. In his wonderful description, this is a high-spirited and positive emerging company, a technology company that grasps the pulse of the times and leads the technological trend of the new era.
"Hey!" With Hawke, he dropped the hammer gently. In this crisp sound, dozens of camera flashes kept flashing. Colorful ribbons flew down in midair. On the small high stage, a group of executives from Aikang Computer. Greeting everyone's warm applause and congratulations, Li Xuan stood in the audience and pursed his lips and chuckled.
With the sound of the hammer, a new day of trading on the London Stock Exchange officially kicked off. The current stock trading has not yet achieved electronic trading, and the method of public bidding in the hall is still used.
The trading floor of the exchange is like a noisy vegetable market. The traders of various brokerage companies with member seats wear different colored vests, try their best to shout their quotes, and keep making various specific gestures.
Li Xuan and all the VIPs of Aikang Company were invited into a VIP room together. Through the transparent glass wall of the VIP room, one could clearly see the lively scene in the trading floor.
"Buy 100 lots. The quotation is 850 pence, and there is still no match for selling!" An information officer from the exchange kept conveying the latest information on Aikang's stock to everyone in the VIP room.
1 pound is equal to 100 pence, and the stock price on the London Stock Exchange is quoted in pence, and the smallest price change is 1 pence. Icon is the most-watched new stock today, attracting the attention of a large number of traders on the exchange. But since the opening of the market, there is still no deal.
This is not bad news, but good news! Because the investors who subscribed for Aikang's shares are still not satisfied with the current offer. They think the stock price can go higher.
In fact, the level of the opening price has nothing to do with the amount of funds raised by Aikang. The issue price signed by Aikang and the brokerage is 8 pounds per share, and 20 million shares totaling 160 million pounds. After deducting the issuance costs, the actual funds that Aikang can receive is about 150 million pounds. In fact, the money has already hit the account of Aikang.
The issue price really affects the vital interests of those investors who subscribed for new shares from several underwriting brokers. The more the opening price is higher than the issue price, the more they earn the difference. certainly. For Aikang, the ability to open at a premium rather than below the offering price represents the recognition of investors for the company. It is helpful for the company to establish a good market image.
"Buy 100 lots at 905 pence!"
"Buy 200 lots. Offer 920p!"
"Buy 200 lots at 945p!"
"Buy 100 lots. Offer 970p!"
There are only surging buy orders in the market, and quotations continue to rise, but still no orders are sold. Everyone is very patiently waiting for the first successful transaction.
"Sell 500 lots at 1,000 pence! God, someone has finally sold it!" The messenger immediately shouted to everyone after receiving the call.
"1000p for 50 lots! First deal done!" he said again quickly and excitedly.
Everyone in the VIP room immediately burst into cheers~www.readwn.com~ Everyone applauded involuntarily. The opening price of 1,000 pence, or 10 pounds, is a 25% increase from the original issue price of 8 pounds per share of Icon.
Aikang's listing action was undoubtedly a great success. Calculated at the opening price, the market value of Aikang Computer Company instantly reached 1 billion pounds!
"Congratulations, Mr. Li! You have created a miracle. Ikon should be the fastest company in the history of the UK to reach a market value of one billion pounds. I am optimistic that it will soon be included in the Financial Times Index!" Standing Li Goodison next to Xuan said with a sigh.
Not only him, but many people who knew Li Xuan's details quietly turned their attention to this young man. Orient Holdings still holds 60 million shares of Aikang. The young man in front of him has been promoted to a real billionaire from this moment on.
In the past, the valuation of Aikang was high, but it was only a valuation and could not be recognized by everyone. But after the company goes public, the stock price reflects the entire market's consideration of a company's price, and the stock has become a pile of securities that can be discounted at any time! . (To be continued..)
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