Rebirth Tokyo 1986

Chapter 202 Company Listing
July 1988, 7, Tanabata Festival in Japan.

This morning,
Xinghai Group's factories in Hitachi and Kawasaki; laboratories in Ota and Hiratsuka; offices in Minato and Shinjuku...

The employees excitedly waited in front of the TV in the company cafeteria, waiting for that moment to come.

In one hour, Matsumoto Manufacturing will be listed.

The original shares that everyone has purchased will soon be tested by the market. How much they can increase will depend on this wave.

While many employees of Xinghai Group were eagerly waiting, investors such as Industrial Bank also turned on their TVs and tuned to the financial channel and waited silently.

Everyone hopes that Matsumoto Manufacturing can have a good start and help them make more profits.

The Tokyo Stock Exchange at this time was very different from later generations.

The building looks unremarkable.

If people who don’t play the stock market didn’t see the plaque on the main entrance, they would definitely mistake it for an ordinary company.

Unlike later generations, it has been moved to a landmark skyscraper in Tokyo and is very eye-catching.

As the most important guests of TSE today, Masato Takeshita and his delegation received the highest level of reception.

Starting from the main entrance, a long red carpet leads directly to the media conference hall.

Except for the management of Xinghai Group and Matsumoto Manufacturing.

Companies such as Industrial Bank, Changxin Bank, and Yamaichi Securities also arrived at the venue early.

In addition, in order to increase the impression of Matsumoto Manufacturing on ordinary investors.

Seibu Group President Yoshiaki Tsutsumi, NEC President Hironaka Sekimoto, Sony President Norio Ohga, and Nintendo President Hiroshi Yamauchi were all invited to attend the listing ceremony.

"President Takeshita, please!"

As soon as he entered the door, the director of the Tokyo Stock Exchange bowed and motioned Masato Takeshita to go inside.

"Thank you for bothering me."

The young man responded politely, then strode towards the demonstration hall.

Soon after, a group of senior executives and guests also came to the media hall.

The media hall is spacious and simple in design.

Because the protagonist today is Matsumoto Manufacturing, the background wall facing the media side echoes the huge logos of TSE and Matsumoto Manufacturing.

In front of the background wall is the podium, reserved for the guest of honor to deliver a speech.

The small blank area below is mainly for media to take photos and interview.

Behind the area is the viewing area, where the guests are.

In addition, there is a viewing area upstairs where you can overlook the entire venue through the glass.

Soon, the viewing area was filled with guests and the media also took their positions.

At 9: in the morning, more than a dozen guests, including Industrial Bank, took the stage together, and then the director of the East China Securities Exchange gave a speech.

It's nothing more than wishing Matsumoto Manufacturing a successful listing and a sharp rise in its stock price.

Afterwards, amid applause that was either genuine or fake, Masato Takeshita went on stage alone to give a speech.

This set of procedures is fixed, the speech is prepared in advance, and there is also a writing machine.

After the speeches, the guests on and off the stage drank and took photos together.

All shareholders, big and small, on the stage were wearing a big red flower and looked extremely happy.

Among them, the people from Matsumoto Manufacturing and Industrial Bank were the happiest.

"Senior, you seem to be in a good mood. What good things have happened to you?"

"Of course, Matsumoto Manufacturing is finally going to be on the market. I have been waiting for more than a year."

As early as last year, Akio Toyoshima was thinking about listing Matsumoto Manufacturing.

He wanted to sell half of his shares to secure his own profits first.

Really? But you still have to wait half a year."

"Only half a year. It will be quick."

Toyoshima Akio waved his hand pretending to be indifferent, then took a sip of red wine to hide his true thoughts.

Just when Masato Takeshita was about to say something, a flash of light suddenly came on.

The mascot of the listing, a golden gilded bronze bell, was moved to the front of the stage by the staff.

That’s right, ringing the bell for listing.

The Tokyo Stock Exchange rang a real bell, not the gong of the Shanghai Stock Exchange, nor the electronic button of Nasdaq later.

Japan has a very straightforward side when it comes to retro and tradition.

The bronze bell was in place and the staff handed Masato Takeshita a small bronze stick.

As the countdown continued, everyone stood up and applauded.

Influenced by this, Takeshita Masato himself could not help showing an excited expression. At the moment when the countdown ended, he raised the copper rod and hit it heavily on the golden ancient bell.

"Dang~"

After a long beep that resounded throughout the Tokyo Stock Exchange, Matsumoto Manufacturing officially listed on the Tokyo Stock Exchange.

The stock code representing the company also appeared on the electronic screen.

At the same time, the green words 1300 yen appeared on the electronic screen.

This is the stock issue price of Matsumoto Manufacturing, and it is used as the basis for opening the market.

Soon, the numbers representing the stock prices on the big screen began to jump non-stop.

1303, 1305, 1308...

The numbers kept going up, jumping faster and faster.

The Tokyo Stock Exchange is similar to most stock exchanges.

9:11 a.m. to : p.m. is called the early trading session.

The time from 12:3 noon to : p.m. is called the lunch session.

The time when Matsumoto Manufacturing went public was the busiest time for the exchange.

At this time, in the trading hall separated from Masato Takeshita by a wall, representatives from hundreds of stock brokerage companies began to scramble for Matsumoto's stocks.

"Toyota Investment bought 5 lots."

"Panasonic Investment bought 3 lots."

"Hitachi Investments bought 3 lots."

……

Stockbrokers waved their arms, made various gestures, and loudly announced the amounts of their transactions.

The traders standing at the front quickly recorded on their computers according to the broker's gestures and voice.

In an instant, the entire trading hall.

Shouting, phone calls, and keyboard sounds all broke out.

The stock exchange, which was operating normally, suddenly became more chaotic than a vegetable market.

But this is normal.

The exchange is not as high-end as imagined. It is basically more down-to-earth than the grassroots.

It was so noisy and chaotic that it was scary.

Since there is only one new stock created by Matsumoto today, most stock brokerage companies will focus on this stock.

The stock price of Matsumoto Manufacturing also continued to rise as more and more investors poured in.

This is the benefit of going public during a hot stock market period.

Even if your company is terrible, it is easy to ride on the favorable trend and achieve a surge in stock prices.

If your company appears to be of good quality, a surge in stock price is a natural progression.

If the stock market is in a downturn, the results will not be very good.

It is basically impossible for a bad company to go public.

Even good companies have to bleed to go public.

The stock price fell below the issue price as soon as it was listed and could not be sold at any price.

On the electronic screen, Matsumoto Manufacturing's stock price continued to rise.

In just half an hour, the stock price rose from 1300 yen to over 1400 yen.

"Mrs. Matsumoto, the share price of Matsumoto Manufacturing, which you have been following, has now risen to 1403 yuan. It is still rising, and it is still rising."

Tokyo Stock Exchange regulations:

For stocks with an issue price of 3000 yen or less, the minimum price fluctuation is 1 yen.

Therefore, many listed companies will set the issue price at around 1000 yen.

Matsumoto Productions is no exception.

Why are there so many stocks worth tens of thousands of yen in the stock market? It's mainly because the market value of the companies has skyrocketed.

For example, Sony was just a small company at the beginning.

From its listing to now, the stock price has skyrocketed by at least dozens of times.

Among hundreds of agents, a more clever middle-aged man covered the microphone and shouted at the top of his lungs.

"My advice is to keep buying. This is an entrepreneur who comes once in 5000 years, and the stock price will definitely continue to soar. You will make money if you buy it."

The middle-aged man opened his eyes wide and carefully distinguished the sound in the microphone.

"Hey! Got it, don't worry, hey!"

The middle-aged stockbroker who received the order immediately shouted to buy 5000 lots.

The trader received the information and shouted in the same voice while quickly operating the computer to make transactions.

"Marubeni bought 5000 lots, Takeda sold 400 lots, and Nagashima bought 1000 lots..."

As trading volume soared, the share price of Matsumoto Manufacturing on the large electronic screen soon broke through the 1500 yen mark.

"Mrs. Matsumoto, the share price of Matsumoto Manufacturing has exceeded 1500 yen. You have made a fortune again. Do you feel it?"

The middle-aged man's face flushed with excitement, and his voice became a little hoarse.

He made a lot of money, earning tens of millions of yen in less than half an hour.

My own commission also rose accordingly.

This is just one order.

If we can have such good business often, a monthly income of over 100 million is not a dream.

"Hi!"

"My advice here is to hold on. It's clear that there's more potential for Matsumoto Manufacturing than just that."

The middle-aged man's guess was quickly responded to.

A few minutes later, the stock price of Matsumoto Manufacturing reached 1560 yen.

Directly limit up.

"Mrs. Matsumoto, the price has reached its limit, it has reached its limit!"

"You have such a good eye."

The rapid daily limit created by Matsumoto not only excited the stockbrokers and ordinary investors of the Tokyo Stock Exchange.

Investment institutions that bought shares in Industrial Bank, China Changxin Bank and Yamaichi Securities in advance also couldn't hide their joy.

Great, I made a huge profit of 360 yen per share.

"Congratulations!"

"Same joy, same joy!"

After the stock surged, everyone came to Masato Takeshita to celebrate.

Even though he was an oddball who didn't like drinking, he had to raise his glass frequently.

After a long time, Masato Takeshita finally broke away from the crowd and walked to Fumu Yokota.

"What's wrong? You don't feel so happy?"

Yokota Fumu nodded and responded with a frown.

"There are indeed some regrets. I should have insisted on being myself and kept everything in my hands."

Masato Takeshita shrugged and said, "Nothing has been done. Things in the world are never perfect."

"Based on the previous situation, it is the most correct decision for you to recover your costs first."

The investment banking department where Fumitake Yokota works is under too much pressure, and if it incurs losses, it may be cancelled this year.

He chose to sell the stocks early to recover his costs, which was also a helpless choice.

"Yeah, there's nothing we can do about it, but it's also a slow death."

Fumu Yokota sighed deeply, wondering how long his investment banking department could last.

"It probably won't be cancelled in the short term. After all, you still have some Matsumoto Manufacturing shares that you haven't sold yet."

In order to recover his costs, Fumu Yokota sold most of his shares.

But it was only a recovery of the costs, and he still owned a small portion of Matsumoto Manufacturing shares.

It can be said that no matter what the outcome of Matsumoto Manufacturing's listing is.

China Everbright Bank is sitting pretty.

This is also the unified practice of the other two stock underwriters - Industrial Bank and Yamaichi Securities.

Of course, Industrial Bank is more conservative.

All the stocks he underwrote have been sold out.

After all, he is the second largest shareholder of Matsumoto Manufacturing, so there is no need for him to hold back too much.

In addition, this is also to dispel Masato Takeshita's doubts.

In the short term, Industrial Bank does not want to take the initiative and choose the route of making money without doing anything.

Of course, this was not voluntary on the part of Industrial Bank.

This was a contract that Masato Takeshita forced Industrial Bank to sign before selecting a stock underwriter in order to prevent the bank from causing trouble.

He doesn't want his company to follow the same path as Subaru.

When it comes to Subaru, many of you may not know much about it.

This is a Japanese car manufacturer.

It is considered a second- or third-tier brand worldwide.

But the reason why this company became a second- or third-tier brand has a lot to do with Industrial Bank.

In order to ensure the status of another company, Nissan Motor, Industrial Bank directly suppressed the development of Subaru.

If Subaru had not always been very competitive, any other company would have gone bankrupt long ago.

Banks are the most fickle companies and will only stick around you when you are strong.

Dongsheng Securities was in high spirits, and Xinghai Group was even more ecstatic.

"Hahaha, that's over 100 million yen. That's great!"

"Yeah, that's great. It's great to be able to work for a company like this."

The two college students who had just joined the company and were only allocated the lowest 800 shares looked at each other happily.

Neither of them had expected that the company would give such a big gift to a newcomer who had joined the company for less than two months.

To this day, I still find it hard to believe it.

It took a while for the two to recover.

Ichiro Nagashima, who was sitting on the left, grinned and asked, "Miyazawa-san, do you think the stock price will rise tomorrow?"

At this time, another new worker chimed in: "I think it will go up further, but it's unlikely to reach the daily limit."

Miyazawa Shigeo nodded in approval and responded, "I think so. Today is the first day of the stock listing, and everyone is quite enthusiastic."

"It will probably take some time for the stock price to stabilize."

The new employees are so excited, so the old employees are naturally happier.

"Ozawa-san, you made a lot of money today."

"Haha, it's not bad, just a little more than you guys."

Yoshinobu Ozawa, a veteran employee of Matsumoto Manufacturing with 30 years of service, received the highest employee reward - 7000 shares.

After deducting the pitifully low cost, you can make at least 800 million after selling the stocks.

Almost two years’ salary for an average employee.

Of course, this is a treatment only available to senior employees.

Ordinary employees can only get 3500 shares, which is one year's salary.

Compared with ordinary employees, management gets more, generally more than four times the annual salary.

Of course, there are still significant differences compared to American companies.

At least Matsumoto Manufacturing's stock distribution did not create any new millionaires or tens of millions of dollars worth of people.

This is related to the corporate culture of the United States and Japan.

The United States values heroism more, and the number of stock distributions is very different.

Japan advocates egalitarianism and emphasizes equal distribution of benefits.

Therefore, the annual salary of CEOs in American companies easily exceeds the one million dollar mark.

The CEO of a Japanese company, unless it is one that takes an international route like the Xinghai Group.

In ordinary Japanese companies, even the president of a large enterprise rarely earns more than $50 a year.

(End of this chapter)