Chapter 694 - The $8 Billion Christmas Gift
When Jiang Chen and the girls were completely drunk, Wall Street across the planet was having a pleasant day. Investors all gathered inside the stock exchange. Excited smiles were the common theme on everyone’s face. Needlessly to think, the happy people all received an early Christmas gift.
They bought the stock of High Tech Freshwater!
While the phone could be used to track the real-time quotas of the stock market, the lucky ones all wanted to be at the scene to experience the exciting moment.
Finally, in the investors’ highly anticipated debut, the logo and the name of High Tech Freshwater appeared on the big screen, signaling its listing!
With B City Consortium handling the initial public offering, High Tech Freshwater’s road to becoming public was far smoother than expected. With a total market cap of 7.14 billion US Dollar, High Tech Freshwater issued 50 million shares at 20 US Dollar per share with a circulation market capitalization of 1 billion US Dollar, accounting for 14% of the total share capital.
At the opening moment, the volume actually turned empty for a second.
Listing prices went all the way up; the stock price went up two percent, directly to 20.4 US Dollar, before high volumes appeared. Short-term shock adjustments and the difficult to suppress stock price began its ascension which made many investors directly orgasm in excitement…
Freshwater supply orders from Saudi totaling more than 400 million US Dollar each year, as well as the ongoing fresh water supply negotiation in the UAE. Under such positive and favorable conditions, it would be hard for High Tech Freshwater’s stock price to be low.
Because of Christmas Eve, the stock exchange in accordance with 1:00 pm EST closed 3 hours in advance. When investors were still struggling to get out of the stock exchange building, High Tech Freshwater’s price closed at 23.4 US Dollar.
The first day gain of 17% was definitely a miracle in the history of the market.
It must be mentioned that regardless of the color of the ups and downs or anything else, other than the Wanghai Stock Exchange which was the “most regulated in the world”, any new issuance of shares would most likely experience a plunge. Other than the Wanghai market, this phenomenon was true across the globe, especially for NASDAQ.
Think when CIC invested in Blackstone, think about the original Alibaba, and then think about the past few years if you bought Facebook, Zynga, or Groupon at the time of listing, the first two years you may have lost quite a bit.
Market value exceeded 6 billion US Dollar without suspense, then it exceeded the 8 billion mark, and moved toward 9 billion.
To put it into another perspective, just as Ayesha was helping Jiang Chen into the shower, his assets skyrocketed by more than six billion U.S. dollars.
However, it was not until the next morning, when Jiang Chen woke up from the gentleness and looked at his phone did he learn this fact.
Even if his assets exceeded one hundred billion already, his eyebrows still twitched.
No wonder so many Hua companies did everything to get into the Wall Street market, the money making speed was ridiculous!
After Christmas ends, Lunar New Year would be in another one and a half months. The festive mood on the streets did not decline the slightest. Many shops chose to keep up the Christmas decorations until a few days before replacing them with blessing words and couplets of the Lunar New Year; this scene can be considered unique to Xin.
This highlighted the cultural inclusiveness of this country.
After Christmas, the immigration wave once again erupted in the country.
Immigration was nothing new for this island of booming economic growth. The Han cultural circle and the loose government were particularly attractive to the Han people. As of December, the population of Xin had exceeded the 150,000 mark and had been moving toward 200,000 without losing momentum.
Walking through Coro Island, it was impossible to link it with the “small fishing village” it was from two years ago.
The only thing that surprised Jiang Chen was that the source of this wave of immigration was not from Han but from Europe. And among the immigrants, they were mostly Germans.
Some time ago he was busy so he didn’t pay much attention to international news. It seemed that something big and unexpected happened somewhere he didn’t know.
After he phoned Xie Lei who was studying in Frankberg and after confirming the safety of both her brother and sister, Jiang Chen also asked about the situation in Frankberg.
According to Xie Lei, since last year’s attack, the patriotic souls finally woke up. Frankberg went through a series of incidents, such as the early election which resulted in their leader’s resignation and the New Choice Party taking power. The European consortium also announced in November the founding of the Refugee Relief Foundation, which announced that it would “properly settle” its refugees by building hundreds of refugee camps in the forests south of the Alta region, in the far north of Norway, and in Finland.
Of course, Norway and Finland will receive a sum of money every year as compensation, and the money will be paid by the relief fund.
The refugee accommodation was not as smooth as imagined. No one was willing to be sent to cold forests; they would rather be on the streets. At least it was warmer on the streets. Incited by the extremists lurking among the refugees, the whole of Europe was now a mess.
Protest, riot, resistance, and suppression…
The only difference was that the EU’s extremely united on this issue, a rare sight.
When Jiang Chen heard the news, he just shook his head.
Fortunately, standing on the divergent point of history, Rothschild once made a move.
The situation reminded him of the party he hosted on Hot Spring Island, Carmen Rothschild, unfortunately, was absent due to conflicting schedules. However, he sent his butler with a gift of apology. Now looking back, he was indeed plotting some event.
But even if Jiang Chen knew this, he didn’t have the interest to be bothered by the chaos on the other side of the planet. BHP Group’s minerals were all overseas. No matter how chaotic Europe was, the cooperation with Future Mining would not be affected.
And from a sole interest point of view, this immigration wave was still favorable for Xin. In particular, most immigrants from Germany have a relatively high level of education and would fill the country’s demand for teachers, doctors, and senior workers.
The only problematic element was that the influx of a large number of immigrants and tourists led to an increasing crowdedness of Pannu Islands.
Although the urbanization in the recent two years had improved the problem of residential land shortages, with the continuous influx of immigrants, how to change more high-density residential areas without sacrificing ecological landscape had become a headache for urban construction agencies.
Currently, at the instigation of Jiang Chen, the presidential palace had temporarily tightened its immigration policy.
Zhang Yaping stood in front of the media and promised to those who submitted immigration applications that they would relax immigration policies and the issuance of labor visas after the completion of Penglai.