indianbanksassociation Chapter 440 Dawn Artist Management Company Goes Public
Chapter 440 Dawn Artist Management Company Goes Public
December 8, Hong Kong Stock Exchange.
At nine o'clock in the morning, the trading hall was already packed with people.
Brokerage representatives in suits, media reporters carrying cameras, and hostesses in skirt suits moved through the crowd.
The logo and stock code of Morning Light Artist Management Company are displayed on the electronic screen at the front of the lobby.
Fu Yibai stood in the center of the crowd, with Lin Wei on his left and Zhao Qi on his right.
The three male artists, Deng Chao, Huang Bo, and Lei Jiayin, were all dressed in black suits and stood ramrod straight.
Yang Mi and Tang Yan each took one arm of Fan Binbin's, and the expressions of the group were all filled with suppressed excitement.
Fan Binbin wore a bright red knee-length skirt today, which made her look radiant and elegant.
At 9:25, Fu Yibai walked to the gong.
He held a gong mallet in his hand, with Lin Wei and Zhao Qi standing on either side of him, and six artists lined up behind him.
The countdown numbers are flashing on the electronic screen.
As the gong sounded, thunderous applause and cheers erupted instantly inside the exchange.
The echoes of the gong still reverberated in the air when the electronic screen displayed the opening price of Dawn Artists Management Company at HK$22.7, a 51% increase from the issue price of HK$15.
At the close of trading that afternoon, the share price of Morning Light Artists Management Company was HK$28.5, a 90% increase over the issue price.
Its total market capitalization has exceeded HK$28 billion.
This figure exceeded the expectations of all securities firms.
The celebration banquet was held at the Island Shangri-La Hotel in Hong Kong.
When Fu Yibai arrived with a group of artists, the entrance was already packed with media.
Two rows of cameras and microphones were set up, and more than a dozen microphones were extended at the same time, making it impossible to hear who was asking what.
Fu Yibai didn't linger. He left Deng Chao and Huang Bo to deal with the media, while he led Lin Wei and Fan Binbin into the banquet hall first.
Eagle King's Yang Shoucheng also attended the celebration banquet with Huo Wenxi.
That evening, Fu Yibai had a wonderful night arranged by Yang Shoucheng.
The next morning, a flurry of media reports were released.
Sina Finance's headline reads, "Chenxi Artist Management's stock price surges 90% on its first day of listing, with market value exceeding 280 billion yuan." The article focuses on analyzing Chenxi's artist and project reserves, calling it "China's first pure artist management listed company."
The cover title of Caijing magazine is concise and to the point.
"The Morning Light Group adds another listed company, Fu Yibai's entertainment empire."
The article used a photo of Fu Yibai striking a gong at the Hong Kong Stock Exchange as an accompanying image. In the photo, he is wearing a dark gray suit, holding a gong mallet, with six celebrities standing behind him.
The article outlines how Chenxi Group started as a film and television production company and has now expanded into a business empire spanning four major sectors: film and television, games, technology, and investment. It describes Fu Yibai as "the most mysterious and efficient operator in China's entertainment industry."
The First Financial Daily focused on the issue of celebrities holding shares in companies.
The title is "Soaring 90% on First Day of Listing, Chenxi Artists Become Rich in Batches".
The article lists the paper wealth brought by Fan Binbin's shareholding, claiming that her net worth has quietly entered the ranks of billionaire women.
Other artists from Chenxi, although their shareholdings were not specifically disclosed, it is known that they reaped considerable wealth appreciation in this capital feast.
The Securities Times' reporting angle is more focused on market reactions.
"The listing of Morning Star Artists ignites Hong Kong stocks, with the film and media sector collectively rising."
On its first day of trading, Morningstar Entertainment's stock price rose from HK$15 to HK$28.5 at the close, driving up the entire film and television media sector.
Shares of Hong Kong-listed film and television companies such as Eagle Entertainment, Huanya Media, and Sunrise Holdings have all risen to varying degrees.
Huayi Brothers, listed on the A-share market, also saw a significant increase on the same day, which the market interpreted as the successful listing of Chenxi Artist Management raising the valuation center of the entire film and television industry.
Discussions on social media were equally heated.
On Weibo's trending topics list, the hashtag #ChenxiArtistListing# topped the list on the day of the listing, and the topic's views exceeded 500 million within 24 hours.
The top comments section was filled with congratulatory messages from fans. Fan Binbin's fans and Yang Mi's fans were competing to see who could say "My sister is worth over 100 million yuan," making the scene as lively as Chinese New Year.
On the day of the listing, Deng Chao posted a Weibo post with a selfie taken in the trading hall of the Hong Kong Stock Exchange.
His caption read: "Following Boss Fu, there's always something to eat."
This Weibo post was forwarded more than 100,000 times that evening.
Huang Bo reposted the message, which read, "Following Boss Fu, even if there's soup to drink, it's fine."
Lei Jiayin reposted the message, which read, "Following President Fu, you'll be happy as long as there are bones to gnaw on."
Wang Baoqiang reposted it with the caption "Me too," which made the comment section burst into laughter.
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Fan Binbin posted a group photo of six artists in the trading hall, with only four words in the caption: "Thank you, Director Fu".
The comments section of this Weibo post was completely different from the comments section of the male celebrities. A group of female celebrities, including Yang Mi, Tang Yan, Hu Jing, Liu Yan, and Qin Lan, lined up to send heart emojis in the comments.
On December 10, the stock price of Chenxi Artist Management continued its upward trend.
The stock opened at HK$29.2, reached a high of HK$32.5 during the day, and closed at HK$31.8, up 11.5 percent from the previous day.
Its total market capitalization has exceeded HK$31 billion.