Time ticked by and it was now only three more minutes until the market opened and Sena went public. Jasper had been invited onto the temporarily built stage.
The stage was right under the largest main screen in Nasdaq Exchange Center, which was at the center of the room.
Under everyone’s attentive gaze, Jasper and Jack got on stage.
In the middle of the stage was a large bell.
Since Nasdaq Exchange’s founding, every business that went public would have its legal personality ring this bell.
It was a tradition as much as it was a symbol.
The electronic screen continued to display worlds of welcome like ‘Nasdaq welcomes Sena’ while hundreds of traders had already gotten into position. There were a few dozen reporters holding their cameras, waiting to take a picture of this historical moment.
Jasper accepted a wooden hammer from a manager in the exchange center and was just about to invite Jack to ring the bell with him when he saw the other shake his head with a smile.
“You should ring the bell yourself, Mr. Laine,” Jack spoke.
Although he was stunned, Jasper saw the shine in Jack’s eyes and did not insist. “Alright then.”
Everyone looked up and focused on the electronic screen that covered the entire wall. It displayed both Nasdaq’s and Sena’s logo, as well as an analog clock.
The second hand of the clock ticked continuously until it was almost racing to 9:30 a.m.
“5…
“4…
“3…
“2…
“1…”
Hundreds of people counted down at the same time in the exchange Center.
It was currently 9:30 a.m. in the United States, and Jasper knocked the wooden hammer against the bell, signifying the opening of the market.
Ring!
The deep and strong sound of the bell rang throughout the entire exchange center.
Under everyone’s cheers, the reporters’ cameras flashed maddeningly as they tried to commemorate this historical moment.
At this moment, shares for the first internet enterprise from Somerland had moved on from the bursting of the dot-com bubble and registered itself at Nasdaq Exchange Center.
Its ticker—SENA!
Jasper and the group got down from the stage after they rang the bell. They began to pay attention to the changes in share prices.
“It’s a little nerve-wracking.” A senior executive sucked in a deep breath and felt a little antsy.
Jack was rather relaxed as he smiled and said, “The share market in the United States has different rules compared to the markets back home. New shares here normally pay more attention to the pre-IPO on the first day of trading and the more shares bought pre-IPO make for a higher share price. It’ll take some time before the data is confirmed. Don’t worry.”
In the United States, most investors tended to buy shares of new businesses through pre-IPO.
Sena, for example, started with an issue price of 25 US dollars with 96 million US dollars worth of shares outstanding.
The more shares bought by investors through pre-IPO, the higher the price would increase.
The most important thing was that there was not a 10% rise limit when it came to buying shares through pre-IPO.
That meant if Sena was formidable enough, its prices could rise instantly to 200 US dollars.
How difficult would that be?
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