Chapter 203: Listing (10,000 words)
The time came to June 3, 1997.
Recently, Paladin Media, Paladin Films and Universal Pictures have successively released films.
Mr. and Mrs. Smith and Rivals from Paladin Films.
Universal Pictures' "Men in Black" and "Little Wish" have achieved success in the past few months.
Universal Music officially announced two days ago that super pop king Michael Jackson has officially joined and will release a new album this year.
Michael Jackson's domestic concert tour in the United States, organized by Universal Music, will also be launched in September.
At the same time, Universal Music's own singer Britney will also release her second album this year.
In addition, Universal will build its fourth and fifth Universal Studios in the United States in New York and Los Angeles.
The sixth and seventh Universal Studios were built in London, Europe and Paris, France.
TBS also announced that the second season of "Who Wants to Be a Millionaire" on its entertainment channel achieved a peak viewership of over 30 million, and its profit for the quarter is expected to exceed $150 million.
At the same time, he collaborated with the famous TV celebrity billionaire Don Gimp to shoot a new business variety show "Don Gimp's Apprentice".
There is also a whole new type of wilderness adventure variety show.
And an unprecedented version of America’s Got Talent is in the works.
In addition, TBS directly owns the news channel CNN.
It also announced its audience ratings, ranking first among similar channels for three consecutive years.
It is the leading political news television station in the United States.
As early as the end of last month, Charles Dolan, head of Paladin Sports under Paladin Media, announced it.
Paladin Sports is seeking to acquire European football teams to expand its market share in Europe.
At the same time, it has signed a cooperation agreement with F1 and is preparing to take over F1's events in the United States.
Paladin Sports will also increase its investment in domestic sports events in the United States.
Marvel Comics also announced it.
Marvel will set up a film company to shoot new superhero movies.
There is also the acquisition of another comics company, Dark Horse Comics, which was on the verge of bankruptcy.
The Palatine Newspaper Group has become the fourth largest newspaper group in the United States, thanks to its New York World and Us Weekly, which each sell 200,000 copies a day, as well as more than 30 regional newspapers with daily sales of more than 30,000 copies.
In short, the whole of April to May.
All subsidiaries and branches under Paladin Media have been reporting good news one after another.
It’s not about how much money was made, but about various mergers and acquisitions.
Because the time to go public has come.
Today is Paladin Media's last press conference before its listing.
At the press conference, Paladin Media's IPO issue price will be officially determined.
The listing exchange will start trading the day after tomorrow.
In a penthouse on the Upper West Side of Manhattan, New York.
Zeta-Jones is currently in the living room feeding the cat.
English Rose enjoys this leisurely and luxurious life very much.
Even though she frequently expressed her desire to be more frugal and not waste money at home, she was willing to do some housework.
But Milo still hired a bunch of servants for her and sent her a batch of expensive brands from all over the world.
She was not immune to these spectacles and became dependent on them.
If possible, she would like the ceremony to be even grander.
Women are all like this, always obsessed with pomp and the vanity that it brings.
Zeta-Jones has a thick prospectus in his hand at this moment.
There were 127 pages in total, and the cover was "Paladin Media". She read it intently.
It is nine o'clock in the morning and CNN is broadcasting the financial program "Trading Live".
The screen freezes on Paladin Media spokesperson Gina Raymondo, live-broadcasting the prospectus for the listing:
"The total number of shares outstanding of Paladin Media is 1.358 billion shares.
The number of shares issued in the United States is 1.106 billion shares.
The number of shares offered for international sale is 252 million.
The highest issue price is: US$37 per share, stock code: PLM,
The total share capital issued this time accounts for 20% of the pre-listing share capital.
The raised funds are USD 10 billion, of which approximately 30% will be used for business mergers, 60% for overseas business expansion, and 10% for working capital and general corporate purposes.
Based on the current stock issue price, Paladin Media Group's market value is US$50.1 billion.
The original net worth was approximately $26 billion.
Therefore, investors who currently hold original shares of Paladin Media can double the value of their shares.
Paladin Media will officially be listed on the stock exchange tomorrow, and no one knows how the stock price will trend.
Zeta-Jones had only studied the stock market for a short time and could not predict how Paladin Media's stock price would trade.
But she believes that there will be no embarrassment of falling below the issue price on the day of listing.
In May, Delta Air Lines, a well-known American airline, went public for the second time with an issue price of US$19.5.
The stock price fell below the issue price on the day of listing. Their opening price was US$18.36, a drop of 5.12%.
The closing price was $17.79, a single-day drop of 8.84%.
There are many reasons for a stock price falling below its issue price, the main one being that the stock pricing deviates from the company's normal profit level.
The issue price was forcibly pushed up, so the market gave a pessimistic trend.
Another option is to choose to go public during a bear market, which causes an imbalance in supply and demand and leads to being dragged down by the broader market.
Paladin Media does not have the negative factors to break the issue price.
The New York Stock Exchange has established an IPO inquiry system, and on May 28, Paladin Media released the application version of its prospectus.
Investment institutions around the world have been asking for inquiries and prices.
In New York alone, 176,000 retail investors lined up to subscribe.
The issued share capital this time is 20%, the issue volume is 271 million shares, and the pricing range is US$28 to US$37.
In view of the excessive enthusiasm of investors, the number of underwriters was originally four, but was later increased to nine.
The subscription volume for new shares exceeded the quota by more than ten times, and the market gave Paladin Media sufficient confidence.
The film industry is known to be a high-risk industry.
Most financial institutions even exclude film companies from their lending lists.
However, Paladin Media is listed as a diversified integrated media company.
At the same time, Milo Blackburn, a talented screenwriter and writer, always makes excess profits from his works.
The foundation of the group company itself is built on TBS and Universal.
These two, one is the Hollywood Big Eight.
The other is the American Television Network, a giant that was originally ranked among the top eight.
A strong combination, plus Milo Blackburn...
This directly dispelled investors' doubts.
In fact, even if Paladin Media goes public as a film company, investors will still favor it.
If you just take a look at the financial statements of Paladin Media's film projects without looking at Universal Pictures and only looking at Paladin films, you won't find the word "loss" at all.
Almost all of the productions are profitable.
"Angels and Demons" and "The Da Vinci Code" have grossed nearly $1 billion worldwide, and have begun to encroach on the throne of the world's top box office film company this year.
After reading the prospectus, Zeta-Jones' eyes fell on the list of shareholders at the end.
She couldn't help but calculate Milo's worth and her own pocket money.
Milo applied for a black card for each of them. Originally it was from American Express, but now they have all been changed to Blackburn Bank.
Blackburn Bank has a partnership with American Express.
Blackburn Bank can now also issue American Express Centenary Cards.
Blackburn Bank earned only a small commission from American Express.
It is said that with this card, you can easily get a private jet.
But Zeta-Jones knew that it wasn't her money.
Her actual savings were less than $20 million.
This is the money she earned from filming movies and taking endorsements over the past two years.
Of course, it’s the money left after paying taxes and paying salaries and dividends to the team.
She was able to save so much money even though all her expenses were paid for by Milo.
Otherwise, she would have to rely on her own expenses like other Hollywood actresses.
I don’t know if there will be five million left.
It has to be said that there is a huge gap in income between men and women in Hollywood.
As an A-list celebrity, Julia Roberts is already the most profitable female star in Hollywood.
But her current pay for a movie is only around 8 to 10 million US dollars.
What about Tom Hanks, who is now at the same level as Julia?
He filmed "Forrest Gump" and received $60 million in salary and bonuses...
Of course, movie capitalists are not stupid either.
The reason why male stars can get so much more money than female stars.
The main reason is that male stars have stronger ability to attract money.
In other words, movies starring male stars make more money.
And movies starring female stars... except for chick flicks, don't make money.
So after two years of being famous, Zeta-Jones only earned 20 million from movie pay and various endorsements.
Twenty million US dollars is indeed a huge fortune for ordinary people.
But to a group of wealthy people, it really means nothing.
There aren't many people in Hollywood who are richer than her.
However, considering her shares in Paladin Media, she can definitely be called a Hollywood rich woman.
The list of shareholders shows that Paladin Media's total share capital is 1.356 billion shares.
The major shareholder is Milo Blackburn, with a 68.24% stake and 922 million shares.
At $37 per share, the stake would add $34.1 billion to Milo's net worth.
Zeta-Jones and the women who signed the insurance contract last month.
Each of them received some shares transferred by Milo.
Zeta-Jones received 0.1% of Paladin Media's shares, totaling 1.356 million shares.
Valued at $50 million, to be repaid through the 'Paladin Media Employees Trust Fund'.
She needs to wait a long time to get the shares.
It is estimated to take three to five years, but there will always be an opportunity to hold shares.
And it is not included in the insurance contract, which is a generous extra income.
She glanced at Julie Delpy and Blanchett, two women whose holdings were similar to hers.
But Monica is different.
This woman holds 0.2% of the shares, totaling 2.71 million shares, worth $100 million.
Fuck the Shet!
Just because that Italian bitch is pregnant, does that mean she gets to make twice as much as the rest of them who aren't pregnant?
That's right, Monica Bellucci was diagnosed with pregnancy a few days ago.
As for who the child belongs to...is there any need to say it?
She doesn't even want to film now, and is thinking about getting pregnant by Milo.
After two years of hard work in filming, she finally became a top Hollywood actress.
But this is how he earned his $20 million fortune.
This is the case when you don’t have to pay for the consumption yourself.
As for the Italian woman, she only needs to stay with Milo every day.
Just open your legs when Milo needs you to.
Then, just because she was pregnant, she got twice as much money as them.
Zeta-Jones thought about this with great depression.
She suppressed her confused thoughts and continued to watch.
Paladin Media's second largest shareholder was originally Ted Turner, who held a 1.46% stake, totaling 19.79 million shares, with a value of US$732 million.
However, more and more capital giants and financial institutions later invested in the company.
Now, the second largest shareholder of Paladin Media is First National Bank of Boston, which holds a 4.87% stake, squeezing out the founder of TBS.
Ted Turner is no longer the third largest shareholder.
Instead, it is Wells Fargo, which holds a 2.68% stake, totaling 36.34 million shares, with a value of US$1.344 billion.
Ted Turner would not be able to take the fourth or fifth place.
It's Morgan Stanley and Houston Savings Bank.
Even Buffett's Berkshire Hathaway subscribed to 1.7%.
Except for Milo, the top twenty shareholders are all well-known institutions or banks.
Ted Turner could only rank 26th on the list of shareholders.
Because there are people like Murdoch from Hearst Media and News Corporation ahead of them...
Since Paladin Media launched its IPO, capital institutions in the United States and Europe have been extremely aggressive.
Especially in the United States, Goldman Sachs, Morgan, Lehman Brothers, Vanguard...
Wall Street would love to buy up all the shares issued by Paladin Media.
However, the proportion of public offering this time is only 20%, and their controlling rights are limited.
Capital pursuit is quite active, and when Paladin Media is officially listed, the equity structure will definitely continue to change.
Excluding large investors, the number of Paladin Media shareholders currently exceeds 5,000.
The original shareholders of TBS and MCA account for the majority.
This group of retail investors holds approximately 8% of the shares.
There are 500 internal management and employees of Paladin Media holding shares, with a controlling stake of 5%.
Zeta-Jones specifically looked at the situation of these 5% shareholders.
There are more than a dozen executives who are expected to join the ranks of billionaires, all of whom are executives. They hold a total of 3% of the shares.
There are more than thirty employees who can be ranked among the multi-millionaires.
Most of them are celebrities, who together hold 1% of the shares.
For example, Michael Jackson, who joined the company not long ago, holds 0.1% of the shares.
As much as them, but MJ's stock costs money to buy.
As for becoming a millionaire, any employee who holds shares can become one.
Based on the issue price, 1% of Paladin Media's shares is worth US$500 million, enough to create 500 millionaires.
Therefore, the listing of Paladin Media is essentially a wealth-making operation.
If Paladin Media's stock price continues to rise in the future, the wealth of these shareholders will continue to grow like a snowball.
Zeta-Jones read the prospectus in detail, and it was already noon.
The nanny had just prepared lunch when Milo suddenly came back.
"Honey, why did you come here at noon?"
Zeta-Jones rushed over and took off his coat.
As soon as he started to move, he saw two women behind him.
Who else could it be if not Blanchett and Julie Delpy, who were supposed to be filming in New Zealand?
"Julie and the others are back. Let's have dinner with you." Milo was in a good mood. He put his arms around her waist and kissed her, then they went to the sofa together.
When Zeta-Jones asked, she found out that it would be held at the IPO event the day after tomorrow.
All celebrities and stars who have worked with Paladin Media received an invitation.
At that time, they will appear on the camera together and act like celebrity shareholders.
To be honest, this is nothing new.
This was also what media and film companies did when they went public in the past.
The effect is pretty good.
However, the earliest large media group to go public was Disney more than 20 years ago.
At that time, the influence of celebrities was obviously not as great as it is now.
And most media groups are just that size when they go public.
Maybe not even one-tenth of the current Paladin.
When other companies go public, they usually do so when they are still small or medium-sized and want to raise money for development.
Milo's Paladin Media went public, which was a backdoor listing achieved by integrating two giants with his help.
Therefore, when other media companies go public, they also invite celebrities to participate.
But their influence could not be as great as that of Paladin Media today.
So, they can invite stars.
There is absolutely no way that there would be as much as when Paladin Media went public two days later.
In the words of Ted Turner, CEO of Paladin Media: "Stars from all over America might be here!"
"The day after tomorrow we will go to Wall Street to ring the bell at 11th. Everyone must participate."
"I'm ready!" Zeta-Jones said with a smile, "I specially ordered a dress and I'm waiting to wear it tomorrow."
It's Milo's big day.
No matter how many listed companies he will have in the future, this is the first company to be listed under his leadership.
The meaning is different after all.
There will be a lot of guests arriving the day after tomorrow.
"No need to wear formal attire. Everyone present will wear the same T-shirt."
Milo raised his hand to Kenny who was standing nearby. Kenny smiled and handed over a few gift boxes. "This is the clothes I specially customized for this."
Zeta-Jones and Jolie cooperated and opened one to take a look.
The T-shirt was white with an American flag on the front and Milo Blackburn's name in cursive English on the back.
"Paladin Media is different from other listed companies. We want to leave a different impression on the public. Paladin Media is vibrant and we aim to build a media company that brings joy and justice to everyone, with the goal of providing customers with the best audio-visual services and detailed information." Milo also doesn't know how to wear a suit, he explained to them,
"I want the public to see us on TV and their first impression should be one of ease and immersion."
In Milo's words, it's down to earth.
Companies listed on Wall Street or Nasdaq.
Which one of them doesn’t have people in suits and ties, looking like elite models?
There are too many images of this kind of conventional listing.
It is also too far away from ordinary people.
So when designing the listing process, Milo came up with this idea.
His team, at his insistence.
So make corresponding changes and designs.
The latest novel is published first on Liu9shuba!
"Wow! That's really cool!" Zeta-Jones said immediately.
Jolie and Blanchett also nodded alongside.
They could all see that Milo was a little excited about this.
But they could understand it because it was Milo's first listed company.
It was even his first company.
If it were them, they would only be more excited.
Finished lunch with Zeta-Jones and others.
Milo went to the Rockefeller International Building for a meeting and met with a few more people.
These days, even he has been preparing for the listing ceremony.
Two days later.
Manhattan, New York.
Wall Street.
Paladin Media is listed on the New York Stock Exchange, which is located on Wall Street, specifically at 11 Wall Street.
Nasdaq is located in Times Square, specifically at 165 Broadway in New York City.
June 5th, early in the morning.
Reporters with cameras began to gather in the square outside the New York Stock Exchange.
There were already reporters there at seven o'clock, but they still had to queue.
The exchange is not open to the public. Except for designated official media, anyone else who wants to enter must apply in advance.
As working hours approached, more and more reporters came and the lines became longer and longer. They were bored and pointed their cameras at the cartoon models in the square. These were props arranged overnight by Paladin Media.
These are cartoon images of famous movie characters from Universal Pictures and Paladin Films.
For example, Universal's Jurassic Park, ET the Extraterrestrial and Jaws, although all directed by Spielberg, are produced by Universal Pictures.
Since the Paladin movie is relatively young, there is only one image of Professor Langdon.
However, with the huge sales of "Harry Potter" and the confirmation that it will be led by Paladin Films, the images of the three little wizards were also brought out.
Dozens of movie and cartoon characters that are familiar to ordinary Americans are unique and different from the practices of other listed companies.
It can be said to be refreshing, causing citizens and tourists passing by to stop and discuss.
"Is Paladin Films holding an event here? Isn't this Wall Street? Or is someone filming a movie here?"
"Paladin Media is going public today. Didn't you read the newspaper?"
"It's finally going public. Milo Blackburn is already the richest man in the world, and now he's going to be even richer."
"It's hard to believe, he's only 25. When I was 25, I was picking up sheep manure on my uncle's farm in Texas."
“…”
Most of these onlookers and tourists are actually ordinary people.
All their knowledge of Paladin Media and Milo came from media reports.
All I know is that he is rich, and that his company will become more popular after it goes public, and that buying his company's stock will definitely make a lot of money.
Anyway, it's all about talking and chatting, that's how you get into chatting.
Although there is no such term in the United States, this kind of chatting and talking exists everywhere.
This is determined by human's original genes, and it is also the biggest difference between humans and primates such as apes.
It will not be different due to the differences in local culture.
The time came to eight o'clock in the morning.
Paladin Media executives and shareholders arrived at the trading square one after another.
Also included are the advisory team, securities firms, investment banks, partners, and celebrities who participated in Paladin Media's listing.
Without a doubt, the most striking.
Or those stars who are all wearing white T-shirts.
Fortunately, Milo was well prepared today, and the mayor and police of New York were also very cooperative.
We started making arrangements here last night, and today we have deployed thousands of police officers nearby.
Otherwise, when Michael Jackson and Madonna joined hands, and behind them were Britney Spears, Vanessa Hoo, and a large number of other stars who were either employees of Paladin, or had cooperated with Paladin, or simply came to show their support.
If it weren't for these preparations, when these people appeared.
The order on the scene might collapse immediately.
But even if we were prepared, because of the appearance of so many big-name stars.
For a while, the scene seemed to be changing from a crowd watching the excitement to a crazy star-chasing scene.
It is also a scene.
It can only be said that from every angle, the lineup for today's listing ceremony is of an ultra-luxurious level.
However, ordinary people like to chase stars, but except for entertainment reporters, not many reporters pay attention to celebrities.
Many of the most prominent business people from across the United States have gathered here today.
It is usually very difficult to interview any of them, but today I was able to interview them casually and they were so happy.
Compared with these people, the stars have become marginal characters.
"Mr. Buffett, does your Berkshire Hathaway also participate in the investment in Paladin Media?"
This is a reporter from The Times interviewing.
They originally wanted to visit their boss Murdoch.
As a result, he met the American stock god and investment celebrity Warren Buffett on the walkway in front of the New York Stock Exchange, and naturally there was a round of pursuit.
"As early as a month ago, I subscribed to Paladin Media's shares. Mr. Blackburn personally invited me to witness the wonderful moment of Paladin Media's listing. I couldn't refuse his enthusiasm, and I also wanted to see the trend of Paladin Media's stock price with my own eyes."
Buffett smiled. In fact, he had been paying attention to Paladin Media, or to be more precise, Milo, for two years.
Or rather, it began when the American religious community began to attack Milo in the media.
There aren't many people in the United States who don't pay attention to Milo.
Whether it's an ordinary believer or a wealthy person from the Midwest like Buffett.
Who is Milo Blackburn? He is so dazzling.
It’s just that Milo has been active in Los Angeles and San Francisco for a long time, and occasionally goes to New York or returns to Boston.
Buffett rarely appears in these places except New York.
Warren had little chance to meet him.
This time, taking advantage of the opportunity of Paladin Media's listing, Buffett came in person, perhaps to see what this young man thinks.
"We all know that your Berkshire Hathaway has not invested in the entertainment industry. You have never been involved in the film industry. Is that right, Mr. Buffett?" the reporter asked.
"This kind of investment behavior has never happened before." Buffett answered seriously:
"It doesn't mean there aren't any now, nor does it mean there won't be any in the future. Moreover, I am not only investing in Paladin Media, but also investing in Mr. Blackburn. I believe his company will be able to create miracles just like his movies. There are so many miracles in him that I can't find any reason to distrust him!"
The last sentence also expressed the thoughts of many people.
It is precisely because of the trust in Milo that so many institutions, banks and wealthy people subscribe to Paladin Media's stocks.
Is it really because its movies make money? Not necessarily.
The risks in the film or media industry are sometimes even higher than those in Wall Street.
Most of those institutions are not even interested in Disney and News Corporation stocks.
The reason why I am interested in Paladin Media's stocks is that I agree with this.
The reason lies with Milo.
If Milo allowed them to expand their controlling stake, they would definitely be willing to subscribe for more Paladin Media shares.
However, some discerning people have discovered that among Paladin Media's many major shareholders.
There seems to be no trace of Rockefeller, and the name of Chase Manhattan Bank is not on the list.
But isn’t it said that Milo Blackburn is Rockefeller’s son-in-law?
Wasn't it said that Milo had a very good relationship with David Rockefeller? Many people were puzzled, but soon they were no longer puzzled.
Because old David was with Milo at the moment.
After getting up this morning.
Milo specially invited old David to have breakfast, and then the two of them took Ariana and drove to Wall Street.
"Zipperton is coming?"
Milo was very surprised to hear the news from Old David. "Is this legal? An American president appeared at the listing ceremony of a listed company..."
Old David smiled as he watched Milo and his granddaughter huddled together.
The two young people stood shoulder to shoulder, holding hands, with a genuine and intimate attitude.
The knowledgeable old man could see that at least the relationship between the two young people was very good.
You can fake it, but you can't fool him.
David: "It's his vacation time now, and he happens to be on vacation in New York State. If he goes to New York City to play, he will happen to visit Wall Street, just... you know, everything is just right."
"And there is no law in the United States that prohibits the president from appearing when a company goes public."
"Besides, he doesn't own any of your stocks, so there is no interest in your relationship."
Hearing what Old David said, Milo fell silent.
Is there really no interest involved?
He quickly speculated on the reason why Zipperton appeared.
It may be because in recent months, there have been signs that the relationship between himself and his family has become closer to the Elephant Party.
At the beginning of this year, old Blackburn, who had retired from the Elephant Party for a long time.
Suddenly he came back and became the vice chairman of the National Committee of the American Elephant Party.
Including Milo's grandfather's family, they are all members of the Wannianxiang Party.
Therefore, the Donkey Party may be worried that they will lean towards that side and have begun to increase their efforts to win them over.
The key is that Zipperton came in person, which seems to be a great honor and will also be very helpful for Paladin Media's listing.
But in fact, what the Donkey Party paid was just some criticism against La Zipperton himself.
Three years later, having won two consecutive games, it was impossible for La Zipton to continue to run for election.
It doesn't affect the reputation of the big thing, so it's better not to have the zipper.
It is simply a waste of money.
But Milo had to accept the favor, after all, Zipperton was still the current commander-in-chief.
He is also the second most popular president in history among ordinary people.
After five years in office, even some loyal members of the Elephant Party had to admit that this man was very capable.
The emergence of such people will greatly help Paladin Media's stock price after its listing.
Milo felt a little bit upset.
I thought these old politicians were really hard to deal with.
"Let's not talk about this."
Old David waved his hands and said somewhat dissatisfiedly, "My analysts believe that the market value of your media company will most likely exceed 80 billion US dollars within a week. With such a good opportunity to make money, why don't you subscribe to me?"
Milo shrugged, and in front of the old man, he took his granddaughter's little hand and kissed it.
Ariana opened her mouth shyly, and heard him say, "Didn't I promise you? After Ariana and I get engaged, I will transfer 5% of the shares of the listed companies under my name to her, free of charge. So Rockefeller doesn't need to take any more shares."
"Rockefeller is Rockefeller, and Ariana is Ariana," said old David. "They can't be confused."
This certainly cannot be confused, the shares Ariana gets are bound to be restricted.
It's completely different from what Rockefeller held.
"But I want Chase Bank's shares, and you won't give them to me." Milo asked back, "I'll exchange 8% of Paladin's shares for 1% of Chase Bank's shares. The former will be worth $4 billion after listing, and it will be even higher. The latter is now worth $2.5 billion. Are you willing to exchange with me?"
Old David was dissatisfied: "You are making a fuss. Can the shares of a media company be compared with the shares of Chase Bank?"
You know, Chase Manhattan Bank is the largest shareholder of the Federal Savings Bank of New York.
The Federal Reserve is a major shareholder in the Federal Reserve.
Although the market value of Chase Manhattan Bank's stock is indeed only 25 billion US dollars.
But in the market, it is not easy for anyone to actually hold more than 0.5% of Manhattan Chase Bank shares.
It is the least tradable listed company, bar none.
"What's the difference? Aren't they all stocks?" Milo continued to make a fuss, making Old David lose interest in pursuing the issue further.
The two chatted as they entered the vicinity of the New York Stock Exchange on Wall Street.
Ariana curiously opened the car window a crack, and the noise immediately reached her ears.
Wall Street is small and crowded to begin with, and with so many people coming today, it’s even more crowded.
There are several hundred reporters present today, and this was allowed after application.
There were even more stars and guests, crowded together in a mess, and the order was quite chaotic.
Inside the New York Stock Exchange, the bell platform is actually a small indoor balcony.
The roof of the New York Stock Exchange is very high. Standing on this small balcony and overlooking the entire city, it is easy to give people a very domineering feeling.
Of course, there is not enough space for several people, and who will go up is decided at the beginning.
Unlike Nasdaq, it is just like a radio studio. The bell platform is just a large broadcasting platform. Thirty or fifty people can stand on it without any problem. When the bell is ringing, many people will rush up to take photos with them, and no one can stop them.
There is now a large clock on the small balcony.
The New York Stock Exchange created this bell ringing process as early as a century ago.
At first, the Chinese musical instrument 'gong' was used, but it was replaced with a bronze bell in 1903.
So what is the significance of ringing bells and beating drums? The New York Stock Exchange's official website explains:
“The opening and closing bell ceremonies provide a unique platform for your company and its milestones to be fully reported.”
The way of doing business, media focus, nothing can compare, the saying is to put on a show.
Paladin Media's listing today is definitely one of the company's major milestones.
It also has extraordinary commemorative significance when it is spread through newspapers, magazines and television stations on the scene.
"This kind of scene even reminds me of the time when my grandfather brought me to see it when I was very young. Go and show your style, Milo, I'll go talk to your grandfather!"
When they arrived at the scene, old David was no longer with Milo, as the guests had already gathered around to congratulate Milo.
Old David left Ariana to accompany Milo, and also to show the friendship between Rockefeller and Blackburn to outsiders.
As for himself, he went to the side of Milo's relatives.
Today, except for Haley who is pregnant and about to give birth.
Old Blackburn and Mr. and Mrs. Joseph were all there.
This is actually considered good.
Some people will even call their entire family to join in the fun when their company goes public.
Arthur Levitt, the current chairman of the New York Stock Exchange, walked in front, followed by the exchange's executive team.
Next are the CEOs of several Wall Street giants.
For example, Goldman Sachs, Morgan Stanley, and several other securities companies and investment banks are the main underwriters of Paladin Media.
Then there's Gary Gensler of the SEC, the U.S. Securities and Exchange Commission.
Logically, it was just a company going public, or a backdoor listing, so he shouldn't have come.
But Gary Gensler came anyway, because he was nominated by Zipperton.
Milo merely exchanged a few polite words with them. He was the absolute core of today's ceremony and had too many guests to entertain.
In fact, today's ceremony did not last long and the steps were very simple.
At eight o'clock in the morning, Milo entered the New York Stock Exchange to meet with investors, partners, municipal officials, and accept media interviews.
At nine o'clock he will give a speech and then celebrate with champagne.
Next is the countdown to listing.
The bell was officially rung at 9:30 and trading started.
So the event was only an hour and a half long.
At this moment, the hall of the New York Stock Exchange was crowded with more than a thousand people gathered together.
Paladin Media T-shirts occupied half of the crowd. Many people were not journalists, but they also held cameras, ready to record this historical moment.
Soros and Rogers came here together today. They just took a few photos with Milo and stood in a corner chatting.
"Jim, I feel like I'm a little short on shares."
"It's impossible for you to want more." Rogers understood what Soros meant.
It's just that I saw that Paladin Media's stock is so popular and I wanted to buy more.
When the company goes public, all of this will be money and profit.
But there are so many popular stocks in the world that it is impossible to get all of them.
What's more, this is Milo Blackburn's company.
There isn't much that these squid people can get.
There are too many people in Shangsanqi who want to get in touch with this person, and his company’s stocks are in great demand.
"Jim, you always speak so bluntly. Don't you want to get more shares?" Soros said dissatisfiedly.
"George, can I get it if I want?" Rogers looked at Milo in the crowd and answered his partner, "That's it. There are too many people who want to talk to him today. No matter how we take turns, it won't be our turn. Didn't you see that guy Warren? Can we just squeeze in on the side?"
"Okay." Soros sighed.
Suddenly, a large number of people came into the already crowded exchange.
Soros and Rogers looked over and stared at each other in surprise.
Zipperton is here.
It's a long chapter of ten thousand words. I'm too lazy to divide it after I finished writing it, so I'll post it all here at once. I don't have any more today.
(End of this chapter)