Time is the best way to heal the pain, and after two years of precipitation, investors have recovered from the panic of the stock market crash.

Just look at the Vienna Stock Exchange, where the daily volume is less than half of its peak, but the broader market has returned to normal.

After the baptism of the stock market crash, although the number of companies on the market has decreased, the quality is more than a step stronger than before.

Squeezed out of the bubble, the rational market is significantly healthier. With the normal operation of the economy, another wave of pink and tender new leeks has entered.

Compared to their predecessors who entered the market at their peak, they were obviously much luckier. Entering the market at a low level has caught up with the great economic development.

Although it cannot be said that everyone makes money, most people earn a little bit more or less. If it weren't for the impact of the previous stock market crash, many people would still have palpitations, and it would be difficult for another wave of bull market.

It is against this background that the promotion of the listing of oil companies was launched. Different from the sunset industry in later generations, the petrochemical industry in this year is all proper high-tech.

As the world's largest oil producer and consumer, the Holy Roman Empire's annual demand for petrochemical products has maintained a double-digit growth rate in the past decade.

Although petrochemical products have not yet been popularized all over the world, you can see how huge the market is by looking at the demand for Shinra.

According to social economists' estimates, the world's demand for crude oil is expected to increase to 35 million tons per year in five years, of which the Holy Roman Empire alone will need to consume 25 million tons per year.

This set of figures may not be inconspicuous in later generations, and any country can surpass the past. But in these years, that's a proper astronomical number.

According to the current crude oil price in the international market, the crude oil industry alone is a market of 350 million Aegis per year, which is about to catch up with the annual financial revenue of the Vienna government.

However, compared to the petrochemical industry as a whole, crude oil is only a small part of it. If all of them are developed, it will at least be a big market of 10 Aegis per year.

The most important thing is that this market is in a period of rapid growth. Doubling demand in five years is just the beginning, and doubling it in 10 years is not a dream.

Although the royal family is not the only oil producer, the cost of extracting its oil fields is among the lowest in the world.

If Franz hadn't deliberately restricted crude oil exports, he would have monopolized the supply of crude oil throughout Europe.

Competitors, do they really exist?

In recent years, there were only two oil-producing countries in the European world, and Russia was left except for HRE. Although the cost of exploitation of the Baku oilfield is not high, it cannot stand the high cost of land transportation!

In the context of immature oil pipeline technology, transportation is the primary problem faced by the oil industry.

Not only the Russians met, but also the Confederations across the ocean. It's just that the Americans are lucky, the mainland is mostly plain, and it is less difficult to install oil pipelines.

In contrast, the Baku region is not so good. With the technology of these years, even if the oil pipeline is built in Baku, the oil cannot be transported. "The world's most expensive oil pipeline" is not in vain.

In contrast, the oil companies under the royal consortium are in a much better position. The oil field itself has enough reserves to meet the market demand by simply exploiting the coastal oil fields that are easy to transport.

The low cost of mining and transportation, coupled with the world's most advanced mining and smelting technology, is clearly a dimensionality reduction blow.

With so many advantages, it is natural that you will not make less money. Today, these oil companies are the largest cash cows in the royal consortium.

Now that it's going public, there are naturally a lot of issues to consider. Whether to integrate into a giant and go public, or to split and reorganize a bunch of small and strong enterprises, has troubled Frederick for several days.

The stakes were so great that even Frederick was terrified. Any mistake in decision-making may cause tens of millions, or even hundreds of millions, of Aegis losses in the future.

It can be said that since taking on this task, he has not had an easy time. Every day, he has countless documents to read, and he has to make decisions on all major matters.

The policy of focusing on the development of the petrochemical industry has been implemented, and the best time to go public has come. With Frederick signing his name on the document, the vigorous plan to go public of oil companies was officially launched.

The four oil companies were listed on the stock market to raise 200 million Aegis funds in Vienna and Frankfurt for the construction of a supporting industrial chain for the petrochemical industry.

After receiving this news, the financial news media in Europe directly fried the pot.

"200 million Aegis", this number is really amazing. Even if it is divided into four, on average, it is 50 million Aegis.

This figure still exceeds 95 percent of the world's national fiscal revenue. At present, the world's largest listed company, the Austrian Power Group, has a market value of only 850 million Aegis.

You must know that the Austrian power group controls nearly sixty percent of Europe's electricity supply, and is the world's largest giant enterprise.

According to the valuation of these four oil companies in the capital market, the highest one has reached 570 million Aegis. After the listing, it is very likely to break the leading position of the Austrian power group in terms of market capitalization.

Of course, there are reasons for high valuations. In this era when petrochemicals are regarded as high-tech products, the listing of oil companies is entirely based on the story of high-tech enterprises.

Unlike the big dreams of other technology companies, the pie of oil companies can at least be seen and touched.

Just look at the assets and profits. Aside from the hard-core machinery and equipment, plant and technology. The oil fields under the name of each oil company have billions of tons of crude oil reserves, which can make tens of millions of Aegis profits every year.

Coupled with the promise of double-digit annual profit growth and the market's forecast for the future petrochemical industry, high valuations are inevitable.

In fact, if it hadn't been divided into four, this valuation would have been able to continue to rise. As long as the word "monopoly" is hung on in any industry, the capital market will give a super high premium.

Taking the Austrian Power Group as an example, its market value once exceeded the 2.5 billion Aegis mark at its peak. Now that it has fallen, in addition to the stock market crash, the more important thing is that the performance is less than expected.

There is no way, who makes the European people poor? Although many cities have universal power grids, the largest number of people at the bottom cannot afford to consume them.

The expected growth of industrial electricity consumption, after the HRE, only to find that not every country is keen to promote new technologies, and electric motors are not popularized at all.

In addition, some countries need to import coal, and the cost of power generation is high, so that the power grid laid in many overseas cities has suffered short-term losses.

Although the prospects are broad, it is also an indisputable fact that the performance growth has slowed down in a short period of time, and the capital market will naturally react.

In contrast, oil companies are much better. With the vigorous development of the automobile industry, the promotion of internal combustion engines is much faster than that of electric motors, and the market demand is growing much faster.

……

"Your Highness, the pre-listing equity incentives and pre-subscription work have all been completed, and it is expected that they will be listed for trading on December 21."

No matter how fierce the media controversy, the biggest IPO in the financial markets of the Holy Roman Empire was launched.

Nobody cares?

That's just overthinking. If it weren't for the cover-up, the royal consortium would not have been prepared to list oil companies at all.

Whether it is pre-IPO financing or pre-subscription, it is all arranged by the royal consortium, how can the valuation of the game of left-handed to right-handed be not high?

It's better if no one buys it, it's a big deal to open a trumpet and eat it all. According to the current market demand, the petrochemical industry is the future development direction.

According to the estimates within the consortium, once the petrochemical industry chain is perfected, the annual profits of these companies will be able to surpass the current valuation.

In the era when currencies did not depreciate significantly, the economy did not grow at a fast rate all over the world. Due to the market environment, companies that can maintain double-digit profit growth per year are absolutely rare.

In fact, such high-growth companies usually don't go public. Unless it is really experiencing financial difficulties, or it is about to touch the bottleneck of enterprise development.

Because of the fear of making a big move, in order to hide the wealth, it is necessary to list its own high-quality companies, and it is estimated that it will be a royal consortium.

"Got it, everything went according to plan."

For some reason, when everything was done, Frederick's whole body felt empty.