On the eighteenth day of the second year of Longhan, Xiangtai Wood made its initial public offering in Tianjin, with a number of six million shares and a preliminary price of one dime and eight silver dollars per share, which will also become the first listed stock of Dahan.

The initial public offering of Xiangtai Wood will raise 1.08 million silver dollars, and the company's market value will reach 3.6 million silver dollars. Because of the strong market subscription during the roadshow, a large number of merchants flocked to subscribe, so that the final price was raised from the original plan of one dime silver dollar to one dime and eight cents.

In this listing, almost all of the six million shares were divided up by major banks, money banks, securities companies, etc., and ordinary individuals had almost no chance to participate.

Chen Yi also owns 14 percent of the company's shares, and according to the market value of 3.6 million yuan, his shares in the company also reach more than 500,000 silver dollars. A few years ago, when he had just taken over Xiangtai from his father, at that time, this traditional family workshop had an annual profit of only more than 1,000 taels and a net worth of more than 10,000 taels.

In just a few years, the company has increased dozens of times in his hands.

At this time, Chen Yi, who had raised millions of silver dollars at once, immediately prepared to enter the shipbuilding industry with great ambitions. On the first day of listing, the first stock of Xiangtai Wood was very popular, and Chen Yi brought his management team and a number of shareholders to the Tianjin Stock Exchange.

According to the trading method of the exchange, stocks and other securities transactions must be traded on the Tianjin Stock Exchange, because in this era, the means of communication are not developed, and it is impossible to trade in multiple places at the same time.

The way of trading is also a new model that has never been seen before.

All stock sellers and buyers go to the Tianjin Stock Exchange and then entrust the exchange to trade on their behalf.

At eight o'clock in the morning, the exchange officially opens, and after the bell rings, it is the collective auction time. From half past eight to half past nine, there is an hour of time, and orders are placed arbitrarily. But during this hour, only pending bids are not filled.

In the first half hour. You can place an order at will, or cancel an order at will. However, in the second half hour, only pending orders can be cancelled.

The exchange implements an auction trading rule, that is, multiple sellers and multiple buyers bid at the same time. According to the principle of price priority and time priority, the declaration of buying at a higher price takes precedence over the declaration of buying at a lower price, and the declaration of selling at a lower price takes precedence over the declaration of selling at a higher price. In addition, there is time priority, the price is the same, and the first to file is preferred to the last to file.

During this one-hour quotation time, the traders of each securities company accept the investor's buying and selling orders, and immediately transmit the information to the counter of the exchange in a first-in-order manner. Open Claim Auction.

The exchange has a large number of accountants, who will specialize in data statistics. In accordance with the relevant regulations, they adopted the method of call bidding, and matched transactions in accordance with the principle of price priority and time priority.

The first order of the day with the largest quantity, the highest offer from the seller, and the lowest bid from the buyer becomes the opening price of the day.

This way of trading may seem cumbersome, but it is one of the most efficient and fair ways to do so. It allows both investors to get the most reasonable transaction price.

There are several counters of securities companies in the exchange, and each company has a large number of traders, and both buyers and sellers have to entrust them to trade, rather than trading directly.

Traders go to the corresponding dealing desk after receiving the order. Quotations are made verbally, and some gestures are used until the deal is filled.

At present, there are more than 30 listed companies on the Tianjin Stock Exchange. Among them, only Xiangtai issued stocks, and the others issued corporate bonds.

The exchange hall is very large and there are a lot of people inside. However, the trading volume of bonds of listed companies here is not large, because the more than 30 companies that initially issued corporate bonds are all banks, minerals and other companies, with good performance, and everyone is not in a hurry to sell, ready to hold them for a long time.

After half past nine, the call auction time ends, followed by the continuous auction time.

After the investor's order enters the exchange room, it will be matched immediately according to the principle of price priority and time priority. The information of the matching transaction is then reported to each brokerage for investors to query.

"What do you think our opening price will be?"

"I don't think it's a problem to go up by 20%." Chen Yi replied with a smile. The hot situation of the company's shares when subscribing fully shows that Xiangtai is currently very optimistic. This is especially true as the first stock. Although the final launch price was much higher than originally planned, he still believes that there will definitely be a lot of people who want to buy it.

For Xiangtai, the company has completed the listing and financing, and now the stock rises or falls, which has little impact on their financing. But for the company's image and credit, the impact is still relatively large. If the company's stock rises sharply, it means that everyone is very optimistic about their company, and the company will have the opportunity to issue additional funds in the future, and the second round of financing, the higher the stock price, the more money will be raised. If the company's stock falls sharply, it will certainly not be good for the company.

In addition, they are all shareholders of the company, and when the stock rises, the market price of the company will be higher, and the shares in their hands will be more valuable.

"The opening price is out!"

There was a shout, and everyone looked up.

A field attendant of the exchange came out with a large piece of red paper and pasted it on a bulletin board next to the exchange's counter.

"Xiangtai wood stocks, today's opening price is two dime and a half cent silver dollar!"

As soon as this price came out, countless people exclaimed.

Chen Yi's heart also jumped straight, he quickly calculated in his heart, the issue price is one dime eight, and now the opening price is two jiao five on the first day, which has increased by nearly forty percent, an increase of thirty-eight points and nine. Oh my God, he thought it would definitely go up, but he never expected it to go up so much.

"It seems that our issue price is still set too low, and if it is set higher, we can raise more money." One shareholder couldn't help but regret seeing the stock rise so sharply.

"The financing of 1.08 million has greatly exceeded our expectations, and we have been satisfied. If the issue price is set too high, investors feel that it is not a good deal to buy, and then the reputation of our company will be lost. ”

Although Chen Yi said this on the surface, he also felt a little pity in his heart.

It's just that no one expected it to be so hot in advance, and the stock rose too much on the first day of listing, indicating that the pricing was too low, which was naturally a loss for the issuing company. If the increase is too small, the price is too high. It can't attract the enthusiasm of investors, and the company's reputation is not very good.

After the official opening, continuous bidding begins.

"I think we can buy some too." Chen Yi touched his chin and said.

After speaking, Chen Yi went directly to the counter of Pacific Securities, "I want to buy 100,000 shares of Xiangtai Wood." ”

"Mr. Chen, stock trading is based on 1,000 shares as a lot, and the transaction is carried out in integer multiples of one lot. 100,000 shares is 100 lots, and if you want to buy shares, you need to open an account first. ”

The trader said with enthusiasm on his face, and as soon as he made a move, he was a big customer with a hundred hands. Especially if he is still the boss of Xiangtai, such a customer naturally has to be pleased. For traders, they all earn commission fees, and when the transaction is successful, the commission fee is charged proportionally, and the larger the order of the commission, the more money they receive after the transaction.

The account opening procedure is very simple, and there are several major bank counters in the trading room, which can help them open an account quickly.

"Mr. Chen. At what price do you want to buy? ”

"Two corners five to two corners six, as long as it's within this range, it's fine." Chen Yidao.

When trading stocks, you have to sell before you buy. Moreover, it adopts a bidding mechanism, where multiple sellers and multiple buyers bid together, so the stock can be bought without saying that it can be bought, and someone has to sell it. And your bid is the right match.

Now that the stock price is two yuan and five yuan open, Chen Yi directly quoted two yuan and six yuan, which is very large. Therefore, although he wanted to buy 100 lots at a time, after the traders went to bid, the accountants behind the trading counter quickly matched the sellers for them.

One hundred lots are formed by orders from multiple sellers.

In less than five minutes, this large order was traded, a one-time transaction of 100,000 shares, and the price was still at the price of two corners and six, which immediately drove Xiangtai's stock price to rise again.

Seeing that it was so hot, many sellers immediately withdrew the order, and then quoted a new price, and this time, they directly quoted a lot higher.

There are also many sellers who simply don't make a move.

Throughout the day, Xiangtai Wood shares have become the darling of everyone in the entire exchange, the stock price has been rising, never falling, and the seller's bid is getting less and less, higher and higher. There were fewer and fewer deals, and by 3 p.m., the exchange was closing.

Finally, the closing price of Xiangtai Wood stopped in the triangle, and on the first day of listing, it welcomed Tianmen Hong, which rose by 66.7 percent, which was an astonishing increase of 20 percent compared to the opening price.

The market value of Xiangtai Wood has also reached an astonishing market value of six million.

Before the listing, Xiangtai's net assets were only more than one million, and in a short period of time, the market value was more than four times its original net assets.

In one day, the company's shares in Chen Yi's hands directly rose by more than 200,000 silver dollars. And the 100,000 shares he bought in the previous two jiao six rose by four cents per share, and in one day, the stock in his hand rose by four thousand silver dollars.

Looking at the closing price of the triangle per share, Chen Yidu was still a little excited and breathless. As soon as he changed hands, he earned 4,000 silver dollars, and the stock went public for a day, and his company's shares rose to 840,000 silver dollars. This kind of speed of making money is really unexpected.

It's so exciting!

"If it continues to rise like this, it won't be long before I can become a millionaire!" One shareholder's face flushed with excitement.

"Today is the first day of listing, and the 66.7 percent increase is really scary, but it's just today. According to the rules of the exchange, the exchange will be open five days a week and closed two days a week. Every day, if it rises by up to 10 percent, it can not fall by 10 percent at most, and although the transaction can continue, the price can no longer fall and rise, so there will be no trading. With this limit, it will definitely not rise so much in the future. ”

"It's just as powerful to rise by 10% a day, and the daily limit is up, and the stocks in this hand are going up like that."

Chen Yi also felt that his mind was a little swollen, he walked the trading hall, came outside, blew a cold wind, and his mind finally calmed down. The stock has risen sharply, which is naturally a good thing, but all of this is based on the development of Xiangtai Company, if the company's performance is not good, the stock will definitely fall sharply.

For him, instead of keeping an eye on the rise and fall of the stock price, he should start his company's expansion plan after getting more than a million yuan in financing.

Later, Chen Yi and the company's shareholders, as well as the underwriting brokers, held a celebration banquet in the best restaurant in Tianjin. After drinking in the dark, after returning home in the middle of the night, Chen Yi locked his 100,000 shares of Shentai into his cabinet. He wasn't going to trade it anymore.

The first stock of the Tianjin Stock Exchange was listed, and Xiangtai Company raised 1.08 million silver dollars, and the company's stock soared by 66.7 percent on the first day.

Many people are paying attention to the listing of this first stock, and during their roadshow, everyone thought that the issuance of shares was really good, but they still didn't expect it to be so popular.

A timber processing plant with a net output of only about one million yuan was listed with a market value of more than 6 million yuan. The boom in stocks. They saw a better way to raise funds than bank financing and issuing corporate bonds.

If Xiangtai went to the bank to take a loan or issue corporate bonds, their company would never have been able to raise more than one million at once, not to mention that the company is now popular and its market value has soared to more than six million.

Others, on the other hand, saw an excellent opportunity for speculation in the stock market, rising 66.7 percent in a day, which is something that bonds have never been as hot as ever.

But at about the same time, an astonishing piece of news came from the south.

The Anglo-Dutch Hongyi in the South Seas are blocking the Nanyang shipping routes, and seven Han merchant ships have been sunk by the Hongyi. The ship was wrecked, people were killed, and goods were lost. At the same time, the coastal vassal states of the Indochina Peninsula, such as Nanyue, Chenla, Ayutthaya, and Donghu, also began to prohibit Han merchant ships from calling at ports for trading and supply.

A tight blockade is rushing towards the now hot Dahan Sea Trade.

Shanghai, Guangzhou, Hangzhou, Fuzhou and other coastal ports, officials have issued notices. Let the ships running the South Seas not go to sea for the time being.

This news has undoubtedly given a basin of cold water to the now popular navigation, shipbuilding, export and other industries.

On the nineteenth day of the lunar month, in the Tianjin Exchange, the air was a little tense.

Everyone is worried about the situation in Nanyang. If there is an all-out war in the South Seas, it will have immeasurable consequences. After all, it is the Nanyang countries and the Xiyi Three Kingdoms together, and this is not one or two opponents. It's seven or eight countries.

In that distant South Seas, whether the imperial court can win this battle, and how much time it will take to win this battle. How long will it take for trade in the South Seas to recover? If the route is blocked and foreign trade cannot be done, many industries will be affected.

Yesterday by countless people sought after Xiangtai wood, will also be created, after all, they turned out to be so popular, because they want to fully enter the shipbuilding industry, they made a plan, attracted many investors to believe that their future profits are amazing, the prospects are excellent. But now if there is a war in the South Seas, in the case of unclear situation, I am afraid that the shipbuilding industry will also be affected by the chain reaction, and those businessmen are afraid that they will no longer be in a hurry to place orders for new ships.

At the end of the collective bidding time, there are obviously more sellers and fewer buyers of Xiangtai Wood's shares today.

As soon as the market opened, Xiangtai Wood confirmed many people's conjectures at the opening price of two corners and nine eights, and sure enough, Xiangtai was still affected. Although it was only down two percent per share from yesterday's close, it was a bad start.

Then there are more sellers who place orders to sell.

Sellers' offers are slowly falling, but fewer and fewer people are buying.

By the close of the day, Xiangtai Wood closed with two corners and eight points, down 0.7 percent.

Everyone is still waiting for more news, and once there is really a full-scale war, I am afraid that more people will sell by then.

On this day, even the bonds of other listed companies inevitably fell slightly.

Chen Yi heard that the company's stock had fallen, and he had no expression. In response to the hesitation of shareholders to enter the shipbuilding industry, he still stuck to his plan.

"If there is a full-scale war in the South Seas, I don't think it's a bad thing, it's going to be a good thing. If the imperial court goes to war in the South Seas, then more ships will be needed to transport more supplies over. And with the strength of the imperial court, I believe that it will not take too long to achieve victory, once the imperial court achieves the victory in the South Seas, then the imperial court's maritime trade will be able to go further, at that time the demand for ships will be greater, and the shipbuilding industry will only be more prosperous, and don't forget, if Korea and Japan still have a large area of newly opened territory in Haixi, Heilongjiang, Dongjiang and other places, these places are near the sea or have rich rivers, the demand for ships is great, therefore, no matter what the war in the South Seas, the shipbuilding industry will not have much impact in the future. ”

Chen Yi firmly believes that with such a huge empire and such a large territory, especially with such a large coastal territory and many rich water networks, the demand for ships will not change. The demand for merchant ships in maritime trade accounts for only a small part of the real shipbuilding demand, and the greatest demand for ships is not ocean shipping, but offshore shipping and inland waterway shipping. From Hainan to Jiangdong Province in the northeast, the empire's maritime frontier has thousands of miles away, and the Yangtze River, the Yellow River, the Huai River, the canal, the Liao River, the Heilongjiang River and other major water transport rivers, the need for shipping is still large, in this era, the cost performance of shipping is still far beyond land transportation, so whether there is a war in the South Seas, it will not have much impact on the shipbuilding industry, besides, Chen Yi does not believe that the Han will lose at all.

"If you believe me, then if you have spare money, you might as well buy our company's shares at this time. Believe me, after a while, when the dust settles, the company's stock will definitely return to a big rise because of this, and you can make a small profit at that time. ”

Everyone is a little disbelieving, but Chen Yi, as the chairman, is so confident in the shipbuilding prospects, and the company now has more than one million silver dollars in his hands, if he gives up the shipbuilding industry, then what should this money be used for.

After thinking about it, the board of directors finally agreed to Chen Yi's proposal and continued to start the plan to enter the shipbuilding industry. However, when it comes to buying stocks that are falling in their own company, except for Chen Yizhen, others are still very hesitant about buying it. (To be continued.) )

PS: Ps: The power was out for a day...... Sorry!