Chapter 160 Listing of Jumian Textile Stock (1st Update)
The city council election is over.
The results came as many people did not expect.
In the last three days, Luo Yin was like a dark horse, killing all the way from tenth to second!
If he were given another day, it might not be a problem to be number one.
However, it didn't hurt, Luo Yin was successfully elected as a city councilor of Qiongbi City with a good result of second place in the election.
The inauguration ceremony took place on May 15, half a month later.
Some people are surprised, some people are resentful, but none of them have anything to do with Luo Yin.
Before taking office, Luo Yin was finally idle.
On the afternoon of May 1.
Jumian Company, conference room.
"Congratulations to Mr. Luo Yin, no, I should change my name to His Excellency Councilor Luo Yin!"
Novia smiled and walked over to Luo Yin and sat down.
"Madame just call me by name."
Luo Yin looked serious.
He, the city councilor, has no pretending capital in front of Novia, a congressman.
Novia feels that today's Luo Yin doesn't have a bit of humor. As everyone knows, Luo Yin doesn't want to give her a chance to pretend to be forced.
"You just finished this campaign, why don't you go and rest, why don't you come to us?"
Although Novia's tone seemed a little unkind, the concern in her eyes could not be faked.
Luo Yin pointed to his head and said:
"I have some ideas that I want to discuss with you."
"Oh? I'm looking forward to it!"
Novia's eyes lit up.
Soon, Puran and Henry walked in first.
"Your Excellency!"
When the two saw Luo Yin, they both greeted each other with smiles. They were happy that Luo Yin won the election for parliamentarians.
"Sit, I'm here today to discuss something with you. I don't know if you've ever heard of "stocks"?"
Luo Yin looked at everyone and said.
"Stocks?"
Several people were stunned, obviously they hadn't heard of this thing.
Luo Yin was not surprised, after all, he had investigated, and the United Kingdom of Stokato and several surrounding kingdoms did not have stocks. As for places further away, such as whether there were in the Sky Wolf Empire, he didn't know.
Novia asked tentatively:
"Listen to the name, is it related to shares?"
"That's right." Luo Yin nodded, and then explained, "Shares are certificates of ownership issued by the company. It can be understood as shares, but it is more convenient to circulate in the market......
Stocks have already appeared in the Case Empire, Luo Yin doesn't know what the stocks of the Case Empire are, he can only talk about it according to his own superficial understanding.
After listening to this, the three of them all fell into thought.
They didn't fully understand it for a while, but they vaguely felt that they had grasped something.
"In other words, stocks are easier to trade than shares, and the minimum amount to trade is not high, unlike shares, which are generally traded at 1%......
At this time, Henry spoke slowly. He's in the financial industry, so he's sensitive to these things.
"Mr. Henry has come to his senses."
Luo Yin nodded approvingly.
"I'm going to make an attempt to let our giant cotton company issue shares and see how it works."
Puran asked:
"How?"
He was very interested in the stock that Luo Yin said.
"First of all, I'm going to set up a trading market. You have to have a professional place to buy and sell stocks. I'm already working on this, so you don't have to worry about it."
"Then, our Jumian company is going to go public, which means public offering of shares. Put these shares on the market for everyone to buy and trade."
"Finally, I need to discuss how many shares to issue and how much per share is appropriate......
"So now, what do you think?"
Although Luo Yin can not listen to them, this is a big deal after all
, Luo Yin still asked.
"I have no opinion!"
The eyes of the three of them lit up a little, and they said in unison.
"Okay, since everyone agrees, let's talk about it."
Half an hour later, the four of them had almost finished their discussion.
The valuation of the company is five million.
This price is very low, after all, just the fabrics of various factory equipment and so on, are worth two or three million, plus the cash in the account...... Five million is not much, but it is a little less.
The reason why the valuation is so small is because Luo Yin intends to let the shareholders speculate on the price themselves! This is more convincing than he said.
After all, it was the first stock in the kingdom, and Luo Yin was ready to be cautious.
Then Luo Yin divided the shares of Jumian Company into 1 million shares, which is 5 joint coins per share.
For trading, the minimum is 100 shares for the time being. Because it is an offline transaction, if it is a one-by-one transaction, the workload will be a bit too large.
The final step is to decide how many shares to put on the market.
Henry and Puran both have relatively small shares, one 3%, the other 5%, and their shares naturally do not need to be put on the market.
Although Novia has 10% and is also interested in putting it, Luo Yin didn't let it.
Because the first batch of shares put by Luo Yin was intended to be speculated by the shareholders themselves, the current price is not high, and they don't need this share.
So Luo Yin decided that he would first take out 5% of the stock and put it in the market, so that everyone could speculate first. After the price is speculated, he invests another 10% to make himself a wave of money. He recently campaigned and opened a bank, and he ran out of money.
A total of 15% of the shares were taken out, and he still had 67% in his own hands, just over two-thirds, and had an absolute controlling stake.
After all, this is the first attempt, and it is not for the sake of making money, so there is no need to take out too many shares to sell.
After the discussion, Luo Yin began to prepare.
It is not difficult to build a stock exchange, after all, there is only one thing at the moment, and there is only one stock, which is not so complicated.
Luo Yin was going to build an exchange building directly, but now there was not enough time, so he asked Luke to help find someone to build it, and at the same time bought a factory near the Jumian Company to serve as a temporary exchange.
Two days later.
Jumian announced a message to the outside world.
They divide 100% of the shares of their company into 1 million shares, which are scheduled to be publicly issued to the public at 9 o'clock tomorrow morning, with an initial price of 5 yuan per share, and enjoy shareholders' rights and interests on a first-come, first-served basis.
As soon as the news came out, the citizens didn't understand it at first, but after reading the text carefully, they were suddenly a little excited.
To put it simply, this is Jumian Company to sell shares! It's just that the shares are divided into smaller units. This is just right, it can be convenient for everyone to buy, after all, not everyone can come up with tens of thousands of joint coins at once.
And everyone soon found out that Jumian Company issued 1 million shares, and each share was only 5 yuan! That is to say, they value themselves at 5 million?
That's too low!
After all, the outside world is valued at the level of tens of millions!
Doesn't that mean that what you buy is what you earn? Jumian Company is completely giving benefits! What is a conscientious business? That's it!
Early morning on May 3rd.
Outside the temporary exchange.
A sea of people.