Chapter 296: Film Company Goes Public
The media is paying attention to this matter, this is big news. Especially since Source Code 2 has just broken the record, if the film company successfully prepares for the IPO tomorrow, it will be something to write about.
A record-breaking movie or a successful IPO of an entertainment company can generate headlines for days. If you add some rumors and made-up stories, you’ll have enough material for at least half a month.
Stockholders are also paying attention to this matter. They are the most simple-minded. Tomorrow, the reputation of the film company will be so good that it will definitely rise sharply after listing. At that time, it will depend on who has the fastest hand speed. If you grab it, you can sit back and wait for your fortune. If you don't grab it, you will miss the opportunity.
Liu Hongmin also often went to the company during this period and watched the employees busy at work.
Tomorrow Film Company has been following the formal route from the very beginning, and both the procedures and information are very complete.
Wang Yaowei found the most famous intermediary and auditing company in Hong Kong, and basically found no mistakes. The intermediary company has a good relationship with the Hong Kong Stock Exchange, so the approval process went very quickly.
Even so, it still took almost two months. This is because there are not too many problems with the Tomorrow Film Company itself, and the audit company is very fast. Otherwise, even if everything goes smoothly, it will take more than three months to complete the preparations.
On March 3, Tomorrow Film Company was listed on the Hong Kong Stock Exchange.
The entire company is divided into 4000 million shares, each worth HK$15, which means that the market value of the film company tomorrow will be HK$ million.
This market value is a bit inflated. According to estimates from various circles, Tomorrow Films is worth about million. But who can blame Tomorrow Films for owning the copyrights of several high-grossing film series?
The copyright of the "Source Code" series is the most valuable. "Source Code" and "Source Code 2" both earned million Hong Kong dollars at the box office, and the copyright fee was about million. Add to that the copyright of the peripherals and sequels, and the market value of Tomorrow Films has increased by million Hong Kong dollars.
If the film company had the full investment amount for the "Source Code" series tomorrow, the market value would increase even more.
In addition, we have to consider the factor of Liu Hongmin. The film and television copyrights of Liu Hongmin's novels are basically given to Tomorrow Film Company. By adapting Liu Hongmin's novels, the market value can be increased by 50 million Hong Kong dollars.
Not to mention, the film company will have pleasant cooperation with the mainland tomorrow, which is another point to increase the market value.
Adding these points together, if the market value of Tomorrow Films is raised to HK$10 billion, some people would think it is worth it. Therefore, if Tomorrow Films is valued at HK$ million, it is still worth it for shareholders.
Liu Hongmin himself owned 2800 million shares, and he sold 300 million shares as soon as the market opened. As a result, within a minute, all 500 million shares were bought out, and the stock price was pushed up to Hong Kong dollars, and continued to rise.
Next, Liu Hongmin sold another 100 million shares every ten minutes, and basically, they were bought immediately after being sold.
An hour later, Liu Hongmin had sold 800 million shares, pushing the share price to HK$.
Circulating 20% of the shares on the stock market will not shake the foundation of a company. Even if the three giants sell all their shares, there will only be 50% of the shares outside, which will not affect Liu Hongmin's absolute controlling position.
As Liu Hongmin stopped selling, the stock of Tomorrow Film Company fell slightly. However, a large number of shareholders who did not buy the stock continued to buy enthusiastically, which made the stock of Tomorrow Film Company continue to rise.
Liu Hongmin said to the Big Three: "If you want to throw it, throw less, just enough to use."
The three of them nodded and sold some.
Wang Yaowei and Zou Shifang both symbolically sold 10 shares, and only Xu Xiaoming sold 100 million shares.
Xu Xiaoming's family was in crisis. At the end of 90, Mingtian Film Company distributed dividends. However, due to the listing plan, the company did not distribute too much, only enough for Xu Xiaoming to pay off his loans.
Now that the company is listed, Xu Xiaoming immediately sold 100 million shares and exchanged them for nearly 3000 million Hong Kong dollars.
Xu Xiaoming owns 10% of the shares of Tomorrow Films, which will be converted into 400 million shares after the listing. At the current price, it is about million Hong Kong dollars. When he founded Tomorrow Films with Liu Hongmin, he never thought that he could get so much money. It is exciting to think that he can become a billionaire just by relying on shares.
Liu Hongmin warned Xu Xiaoming, "Brother Xiaoming, if you still want to sell your stocks, wait until the price stabilizes."
Xu Xiaoming nodded, "I understand. If my family wasn't really short of money, I really wouldn't want to spend so much."
However, after the selling by the three giants, the stock price soared again and broke through the HK$30 mark.
On the first day of listing, the market value of Tomorrow Film Company doubled to HK$12 billion.
The three giants were very excited. They still held a large number of company stocks. As the stock price soared, their net worth would increase. Liu Hongmin's investment in MGM was coming to an end. At that time, as long as he cooperated with MGM again, it would be good news. But tomorrow, the stock price of the film company will soar again, and it may reach 20 billion Hong Kong dollars.
Liu Hongmin doesn't care about the stock price and he has never thought about making money from stocks.
"Just keep an eye on it! I'm going back first!"
During this period, he did not write any novels because of the listing.
He has already written the outline for the fourth trilogy of World of Warcraft and all he needs to do is start writing.
"Okay, leave it to us."
After returning home, Liu Hongmin did not write immediately. Instead, he called Feng Kan and asked, "How long will it take to complete the acquisition of MGM shares?"
Feng Kan was a little tired. "It's almost finished. The investment will be completed in ten days at most."
Liu Hongmin frowned slightly, "You sound very tired."
"There's a lot of information these days, so I don't get much sleep at night."
"Don't be too tired! We have plenty of time, your health is important." Liu Hongmin said with concern.
Feng Kan is now his agent in the United States. If something happens to him, the business in the United States will be suspended. It seems that Feng Kan needs to send a few assistants over, but there are too few reliable and capable people.
"Once the shareholding is settled, you can submit the project proposal of Pirates of the Caribbean to the board of directors. I think they will need to discuss it for quite some time. Once they are sure, I will be able to leave."
Feng Kan thought for a moment and said, "Sir, there are many problems with MGM. Those antiques who sold their shares wanted to leave MGM. The remaining shareholders don't like us. They just want to pull us in and then cheat us out of our money."
Liu Hongmin smiled and said, "Of course I know, but they don't think I'm fighting alone, do they?"
"Obviously, that's what they think."
(End of this chapter)
