Chapter 434: Ringing the Bell (First Shift)

"Ladies and gentlemen, it is my great pleasure to introduce you today to a new partner, the Amazon Online Bookstore, a very young company that has only been established for two years now. But in the past two years, their performance has been so impressive that it can be described as fantastic, and let me introduce you to Jeff Bezos, the founder and CEO of the Amazon online bookstore!

Richard Grasso stood on the stage and said to the people downstairs, and was the first to applaud.

Richard Grasso, who has just taken over as chairman of the New York Stock Exchange for more than a year, is very conscientious and determined to surpass the legendary chairman of the New York Stock Exchange, Verlin, so he is very attentive to every company that IPO on the NASDAQ.

Of course, people will change, and when he sits firmly in this position, it is difficult to say what he will become.

Bezos kept smiling and looked personable, "Guys, let me correct a little slip of the tongue that our CFO Zeda just made in his speech, he said that Amazon is now the largest online bookstore and will become the largest bookstore in the world in the future." No, we will become the world's largest retailer in the future, and our sales categories will go from A to Z. Yes, we will sell all categories, we will change people's consumption patterns, make the circulation of goods more efficient, and at the same time, we will also help more manufacturers sell more products. ”

"How much money we make is not our only goal, more importantly, we are now in a world of change, probably the biggest change in human history, and we hope to be able to bring more things to humanity and make people's lives better in this change. ”

"We are Amazon, the largest commerce platform of the future. Thank you. ”

After Bezos said this, he nodded, kept a cool smile, and stepped aside. Richard Grasso laughed, "Jeff, the bell is about to ring, you don't have to come back." ”

Bezos smiled: "No, it will be our CFO Mr. Zeda and our investor representative, Miss Evelyn, who will ring the bell, and I want all investors to know that we will take every penny you put into us seriously and give you the maximum return." ”

Richard Grasso had a surprised expression: "This is really a surprise. Mr. Zeda, Miss Evelyn, you can prepare, there is still a minute. ”

Tang Miaomiao looked at the crowd downstairs, her heart was pounding, she was so nervous that she couldn't speak, and her hands kept shaking.

What should I do? What should I do? I won't make a fool of myself, will I be dressed today? I just want to ring the bell on the bell stand, and no one will tell me that I still need to ring the bell.

Calm, calm, it's just a bell, nothing, there were more violin recitals in middle school than there are now, it's okay.

But no matter how she hinted to herself, Tang Miaomiao still felt that her heart was about to beat out of her throat, this is the New York Stock Exchange, the world's largest stock exchange market, and the center of the world's capital!

Counting down the time on the big screen, Tang Miaomiao's eyes searched the audience, and suddenly saw Zhang Chen in the crowd smiling at him, and stretched out a thumbs up, saying something with his mouth.

Tang Miaomiao suddenly calmed down, a smile appeared on the corner of her mouth, and her hands stopped trembling and stabilized.

The opening bell of the New York Stock Exchange is not so much a bell as a bell, flat and flat, placed on a wooden platform with a sense of age, next to a symbolic wooden mallet, and Tang Miaomiao and Zeda are placed in front of two buttons, press the button, the bell will ring.

When the numbers on the big screen finally jumped to 9:30, Tang Miaomiao and Zeda coincidentally pressed the button on the wooden platform, about a second, but this second is very long for the people on the stage, why didn't the bell ring?

A second later, the four corners of the NYSE trading floor and the bronze bells on the wooden platform sounded with a continuous sound of "bell bell".

On March 10, 1997, at 9:30, the New York Stock Exchange opened.

The opening of the market does not mean that Amazon's stock can be bought and sold, and there is a complex inquiry process to determine the opening price.

Amazon's offering price is set at $17.3 and Morgan Stanley is designated as a market maker.

Although it is 70 cents lower than the last price, it is worth the IPO two months earlier to avoid the negative impact of the volatility of the foreign exchange market in Southeast Asia.

Bezos, Zhang Chen and others gathered in front of Merrill Lynch's counter, staring at the change in the inquiry range of the monitor in front of them.

Whether Amazon's IPO can be successful or not, the market will give an answer in the next hour or two.

Unlike the Nasdaq, which has long adopted electronic RFQs, the NYSE is still using the old manual RFQ process even two decades later.

In the trading floor, holding up his mobile phone while making a call, the shouts of the traders who shouted out their customers' inquiries came and went, and with their exaggerated and professional gestures, Zhang Chen suddenly had a feeling of being in an old movie.

"So this is Wall Street... Zhang Chen muttered to himself.

"What do you think the opening price will be? It won't break, right?" Tang Miaomiao held Zhang Chen's hand and asked nervously.

Zhang Chen shook his head: "No, don't worry." In the last week, more than 50 investment institutions have expressed subscription needs, and the results of the first inquiry should come out immediately, so wait and see. ”

As soon as the voice fell, Amazon's current inquiry range popped up on the display, $17.

Seeing this result, Tang Miaomiao breathed a sigh of relief on the one hand, and on the other hand, she was also a little disappointed, the low price of the inquiry was only 2% higher than the issue price, although it was not broken, but if it opened at this price, it would not be a good result.

Zhang Chen smiled slightly and squeezed Tang Miaomiao's hand, "Don't worry, it's just the beginning, there are at least a few rounds of inquiries ahead, and it shouldn't be a problem to open at $22." ”

Tang Miaomiao saw that Zhang Chen was so calm, and her mood gradually relaxed, and she took her Leica camera and began to take pictures.

The process of inquiry is sometimes fast and some slow, but it takes at least half an hour, and most of them take about an hour.

Unless the inquiry time is too long, the person in charge and investors of the listed company will generally keep an eye on the counter of the market company.

Amazon's inquiry range has been fluctuating slightly, which makes people feel anxious.

"I think that's it, if the market opens at this price, this IPO should be considered a success. Morgan Stanley's Howard Hullberg pouted as he looked at the 18.

"Success is not success. Zhang Chen said lightly.

Howard Hellberg was dissatisfied: "If you didn't have to bring the IPO forward by two months, how could it not be successful?"

Jeff Bezos also had a solemn expression on his face.

Zhang Chen didn't even look at Howard, "Jim, how many of those fifty investment institutions haven't updated their inquiries now?"

Goldman Sachs' Jim Laxson looked at the inquiry record: "There is still about a third." ”

Zhang Chen nodded: "Jeff, it's only been half an hour, you can wait a little longer." ”

Howard Hellberg chattered: "I've said a long time ago that it's not a good idea to go ahead, and if you listen to me, you won't... ”

"Garbage. Zhang Chen popped out a few words from between his teeth.

Howard Helberg's face changed: "What did you say?"

Zhang Chen glanced at Howard Hellberg in disgust, he was already disgusted with this incompetent silverfish, the bigger the company, the more incompetent people who only know how to engage in office politics and do nothing serious.

"If you don't want your name to reach Parker Gilbert's ears, you'd better shut up!" Zhang Chen said coldly.

Park Gilbert is the chairman of Morgan Stanley and one of the board members of the Travelers Group, although Tinder Source and Morgan Stanley cannot be compared now, but on the same Wall Street, it is not difficult for Zhang Chen to hand a small message to Howard in front of Park Gilbert.

Howard's face was embarrassed and a little helpless, he suddenly realized that the person in front of him, although he was too young to speak, was a member of the board of directors of one of the five major investment banks on Wall Street, a financial star who controlled assets of more than a billion dollars, and an out-and-out billionaire, who was not a person of the same world at all, how could he offend him for no reason?

John Doerr hurriedly played a round on the side: "It's still early, we can wait a little longer." Zack, Howard has a point, even if it opens at $19, it's not an unacceptable outcome. ”

Zhang Chen shook his head: "Now that emerging markets are gaining momentum, the final inquiry result will definitely be higher than the current price." ”

As soon as the voice fell, the inquiry interval jumped again.

19.!