20 million shares sold out that same day.
The next day, the Dawn City Stock Exchange opened trading for publicly tradable shares. The large screens in the hall updated Baiyue Company's buy orders, sell orders, and transaction prices in real time.
Since the entire exchange listed only one stock, Baiyue Company had practically become the center of everyone's attention by default.
As transaction prices repeatedly hit new highs, investors' enthusiasm briefly lost all rationality, triggering the circuit breaker mechanism several times. Trading was suspended for longer than it was active.
In a corner of the hall, a Utopia City resident stared wide-eyed at the continuously soaring prices, his face full of disbelief.
He was the representative of the institution that had guided Baiyue Company through its listing.
Although he had expected a surge after the public offering after studying Baiyue Company's business, he had never imagined the scene would be this exaggerated.
In Utopia City, there had never been a stock that doubled after listing.
If that really happened, it could only mean the auditors had failed at their jobs and the issue price had been set too low!
Yet he could say with certainty that Baiyue Company's current situation was not due to any lack of professionalism on his part. A price-to-earnings ratio of twenty was admittedly a little low for such a high-growth company, but nowhere near low enough to produce something this outrageous.
There was only one other explanation—
Dawn City's investors had all gone insane!
"...If I'd known, I would have gotten an ID card when I came here on vacation at the beginning of the year," the institutional representative couldn't help saying.
The crazy prices made his heart itch, but without an ID card, he could only watch and couldn't enter the market himself.
Standing