Chapter 460: Skyrocketing!
However……
Although the Idar Royal Exchange has just opened, not everyone can enter.
In order to build a complete and reasonable market system and trading rules from the very beginning, every workshop, factory or chamber of commerce that applies for listing on the Idar Royal Exchange must go through an extremely strict review process.
Take Eric Barrios' textile workshop for example. First, he had to come up with a definite reform plan.
For example, the division of shares, the assessment of assets, the materials required for application...
Through this series of operations, he turned his private workshop into a joint-stock workshop.
Then we hired specialized auditors from the Idar Royal Exchange to conduct a comprehensive review and inspection of the textile workshops.
This is not only responsible for the workshops applying for listing, but also for potential investors after listing.
Then we need to determine the issuance structure, issuance scale, valuation and prospectus...
In short, although Bruno has simplified the process of listing financing a lot compared to the Earth in his previous life, it still takes a long time to complete this series of preparatory work.
During the review period...
Eric Barrios's main task is to arrive at the large lecture hall of the School of Economics of Idar Public University on time every night to learn about company listings and the stock market.
Only after he obtains the part-time completion certificate issued by the Faculty of Economics of Idar Public University, Eric Barrios and his workshop will be eligible to enter the Idar Royal Exchange.
To be fair,
Although this series of processes sounds complicated and trivial, in order to enable their business dreams to take off...
Almost on the first day that the Idar Royal Exchange officially accepted listing applications, Idar merchants gathered in front of the Idar Royal Exchange.
These businessmen, including Eric Barrios, all know a simple truth.
Although on the surface, it seems that I have lost a lot of shares, but... these shares have been exchanged for countless money! This money can not only expand my production scale by several times, but also open up a wider market! Let me grab more profits!
You know, after annexing the Kingdom of Basel, the territory of the Principality of Idar has more than doubled! And in these conquered lands, there are millions of civilians living!
As you can imagine,
What a vast market this is!
and……
Although the Idar Royal Exchange also required itself to attend a securities investment course for several months at Idar Public University...
But this can hardly be called a requirement!
This should be called welfare! What is that place? That is Idar Public University! Although Eric Barrios is just a businessman, he also knows clearly that the name of Idar Public University has a status in the hearts of all Idar people!
How many people want to attend the class but don't have the chance! Especially after the tulip bubble burst, in the eyes of most Idar businessmen, the School of Economics of Idar Public University has become a holy place in their hearts!
Why?
Because the Idar School of Economics is the first place in the entire continent to propose the bubble theory! As early as more than a month ago,
When the tulip bubble had not yet been completely burst, researchers from the Idar School of Economics used the tulip bubble in the Kingdom of Basel as an example and the Idar Daily as their mouthpiece to make the concept of "behavioral finance" imprinted in everyone's mind for the first time.
From following the crowd to following the crowd, from the herd effect to overconfidence...
Researchers at the Idar School of Economics analyzed the creation and bursting of bubbles from various perspectives.
only……
Under the supervision of the Idar CIA,
the tulip bubble was burst before this theory reached the Kingdom of Basel.
Then……
Idar School of Economics, a subordinate department of Idar Public University, has become an extremely respected entity in the hearts of all businessmen!
then,
Eric Barrios walked into the campus of Idar Public University with full of respect and vision for the future.
Although he was only a part-time student attending classes at night, he understood many new concepts through those thick books.
Equity capital, capital cost, price-earnings ratio, intrinsic value, cognitive bias…
This was the first time that Eric Barrios realized that there were so many twists and turns and so many internal connections in business and economics.
It wasn't just him. All 27 Idar businessmen who passed the approval of the Idar Royal Exchange and were allowed to go public for financing benefited greatly from it.
Although they may be operating in different industries and their current scales are also different, there is no doubt that...
As the first batch of merchants to enter the Idar Royal Exchange, including Eric Barrios, they became the first ones to try it out!
On October 15, the Idar Royal Exchange was officially opened.
then,
Twenty-seven new stocks from various industries were listed on the Idar Royal Exchange!
Although there were no high-definition screens in this era and it was impossible to trade through the Internet, even a series of simple buying and selling operations had to be completed through traders at the Idar Royal Exchange.
but……
Investors from all over Idar still showed great enthusiasm! Almost as soon as the market opened, the prices of these stocks soared.
The stock price of "Eric's Clothing" under the name of Eric Barrios has continued to rise for several consecutive days, directly rising from three yuan per share to seven yuan per share.
So much so that in just a few days, Eric Barrios's net worth has more than doubled.
certainly,
Compared to these smaller stocks, the Stuart family's "Benedict" car has the most exaggerated increase! When it was officially listed on October 15, the share price was 66 yuan per share, and now, only a week later, the share price has risen to 106 yuan! What does this mean? Five consecutive daily limits! And it's still rising!
As for the reason, it is also very simple.
"Benedict Automobile" is the first civilian automobile manufacturer in the Principality of Idar, approved by the Idar Government Office!
The cars used by Bruno Stuart, Duke of Idar, and many Idar officials were also produced by it! So...
Although Benedict cars have not yet officially started selling, businessmen have a special trust in this new creation.
The concept of magic car alone is enough to make them invest huge amounts of money in it.
Not to mention that the Benedict car is now a physical object.
In the eyes of businessmen, even if Benedict's stock price doubled again, it would definitely be a profitable deal.
【Today's joke】
One day, the white balloon met the black balloon. As soon as they met, the white balloon hit the black balloon without saying a word. The black balloon was very angry. So, it made a decision: confess to the balloon!
(End of this chapter)
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