As the listing time approached, with three minutes left before the market opened, Li Jin had been invited to a makeshift stage.
This stage is built under the largest main electronic display screen of the Nasdaq trading center, and it is the first place everyone sees.
Amid everyone's attention, Li Jin and Tang Jun walked onto the stage together.
In the center of the stage, there is a big clock.
Since the establishment of the Nasdaq exchange, the legal representative of every stock listed here will come here and ring this big bell.
This is tradition and a symbol.
On the electronic display screen, welcome words such as "Nasdaq welcomes the new wolf" are constantly circulating. Hundreds of traders are already in place, and dozens of reporters are ready to take photos of this historic event.
moment.
Li Jin took the gavel from a manager of the trading center and was about to invite Tang Jun to join him, but Tang Jun smiled and shook his head.
"Mr. Li, you should ring this bell alone," Tang Jun said.
Li Jin was stunned for a moment, and when he saw the twinkling light in Tang Jun's eyes, he stopped insisting and said, "Okay."
Everyone raised their heads and looked intently at the electronic screen that occupied the entire wall, which displayed the logos of Nasdaq and New Wolf, as well as an electronic clock.
The second hand of the electronic clock keeps beating until it approaches 9.30 minutes.
"5..."
"4..."
"3..."
"2..."
"1..."
Hundreds of people in the entire trading market were counting down at the same time.
At 9:30 a.m. U.S. time, Li Jin used the gavel in his hand to knock down the golden bell representing the opening of the market.
"哐..."
The low and powerful bell echoed throughout the trading center.
Amid people's cheers, reporters flashed their flashlights wildly to record this historic moment.
At this moment, since the Internet economic bubble burst, the first Internet company stock from China broke through the bubble crisis and landed on the Nasdaq exchange.
Stock code:!
After ringing the bell, Li Jin and his party got off the stage and began to pay close attention to the changes in stock prices.
"I'm a little nervous." A senior executive took a deep breath, feeling a little restless.
Tang Jun was very relaxed and said with a smile: "The stock market trading rules in the United States are different from those in our country. The first trading day of new stocks here focuses more on the number of subscriptions. The more investors subscribe, the higher the stock price will be, so
It will take a while for the data to come out, don’t worry.”
In the United States, when new stocks are listed, ordinary investors pay directly to subscribe.
For example, New Wolf’s current issue price is US$25, and the total outstanding shares are US$96 million.
The more investors who subscribe, the price will rise.
The most important point is that during this subscription process, there is no 10% limit on the price increase.
In other words, as long as New Wolf is good enough, it can directly reach a price of US$200 per share.
But is it difficult?
It's so big that it's unimaginable.
The current stock market is no longer as crazy as it was before the Internet economic bubble burst.
As the global economic growth slows down, the growth rate of trading volume on major exchanges, including the Nasdaq and the Dow Jones Index and the Nikkei Index, has dropped significantly.
This proves that investors' enthusiasm is gradually decreasing, and there is not as much hot money in the stock market as before.