"It's gone up! It's gone up again, it's $51.5 now!" Everyone watching the stock market let out a gasp, then saw oo Network's stock price climb to $51.5.
Although it was only a $1.5 increase, or a 3% rise, from oo Network's IPO price, which was not a significant amount in the stock market, the problem was that oo Network was not a small stock. It was a super stock with a market value of $500 billion. Even a 3% increase represented a market value of $15 billion, which was equivalent to the total market value of hundreds of small companies.
"No, it's still rising, it's already $51.62!" Even more terrifying was that oo Network's rise showed no signs of stopping, continuing to grow at a visibly fast pace.
Although it might fall occasionally, oo Network was generally rising at an astonishing speed.
"Damn it, it's already broken through $53!"
"Crap, how much time is left until closing?"
"Not much, less than 5 minutes left!"
"5 minutes left, so it's impossible to break through $54, right!" Similar discussion posts could be seen everywhere on major online securities community platforms. Almost everyone was paying attention to the changes in oo Network's stock price, speculating on its final closing price.
However, most people's predictions were consistent: it would be difficult for oo Network to break through $54, and almost impossible to break through $55. In fact, there was a high probability of a significant drop.
This was because in the period before closing, many financial institutions and retail investors liked to make final adjustments, leading to particularly large fund flows and often ridiculously volatile movements.
Based on general experience, stocks that surged as outrageously as oo Network often fell significantly at closing. This was because many institutional investors believed that such a surge could not be sustained the next day. After 12 hours of calm, many would realize that the stock's true value was greatly overvalued and would sell their holdings the next day.
Therefore, it was a common strategy for many to take advantage of people being caught up in the moment, sell their stocks at the highest point, and cash in their profits. The same logic could be validated on stocks that were plummeting.
Thus, the last few minutes before closing usually saw reverse adjustments, with stocks that had surged sharply experiencing a partial drop, and stocks that had plummeted rising back a bit.
However... all these experiences were useless for oo Network. In the last 5 minutes, the stock market experienced a miracle that was later known as the "Eastern Five Minutes."
In these last 5 minutes, oo Network's stock price suddenly began to skyrocket at an unimaginable speed, being pushed up by large volumes, even reaching a miracle-like stock price change of $2 per minute.
Finally, at closing, before everyone's disbelieving eyes, oo Network's stock closed at $60.32. oo Network, a stock that had only been listed for one day, created a super bullish candle with a 20% surge on its listing day.
Of course, stocks that surged 20% on their listing day were not uncommon on NASDAQ; there was nothing special about it. But a market value surge of $100 billion on the listing day? Such a miracle was absolutely unprecedented on NASDAQ.
That's right, oo Network's final closing market value was $603.2 billion. It not only broke the record for net increase in market value on the first day of listing on NASDAQ but also instantly became the company with the highest market value in the world's history.
Yes, the world's, ever, in history, the first company to break through $600 billion in total market value, once again creating history in the financial world.
It's just that this history was being rewritten very quickly.
The world's first company to break $100 billion was born in 1999, and that company was Yahoo, whose total market value had now fallen below $100 billion.
The first to break $200 billion was Microsoft in 2001.
The first to break $300 billion was Microsoft in 2005.
The first to break $400 billion was Shell in 2006.
The first to break $500 billion was Shell in 2007.
And now, oo Network had taken over the banner, becoming the first company to break $600 billion in total market value. It had only been 4 months since Shell had broken the $500 billion record.
However, Shell had now fallen back to $300 billion. Whether it would return to $200 billion depended on Shell's fourth-quarter financial report.
If they could continue to be profitable in the fourth quarter, Shell should be able to maintain a market value of over $300 billion. But if they continued to fall in the fourth quarter, Shell might only be able to return to $200 billion.
Of course, through these records, one could also see how crazy the world economy had become since the turn of the 21st century, how many bubbles were filled in the stock market, and when these bubbles would be burst!
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"It feels like a dream!" Mr. Huang was also paying attention to oo Network's stock price at the very first moment, after all, this was the first officially listed enterprise under his company, and Mr. Huang could not help but pay attention to how its stock price would change.
At the same time, Mr. Huang himself was deeply shocked by oo Network's market value breaking through $600 billion. Although Mr. Huang firmly believed that this company would definitely break through $600 billion, and even reach a trillion-dollar scale was a certainty.
However, in Mr. Huang's estimation, oo Network might not break through $600 billion until after the annual report was released. As for breaking through a trillion dollars, it would take about 10 years, as a huge storm was about to sweep across the entire stock market, and Mr. Huang himself was not entirely sure how oo Network would change in this storm.
So when he saw oo Network directly break through $600 billion in its first year of listing, Mr. Huang felt it was very dreamlike and incredible. After all, according to his original plan, having $400 billion as a bottom line would be sufficient and the most probable. Breaking through $500 billion would be considered a great success, and a celebration party would be held for all employees.
As for breaking through $600 billion, Mr. Huang had never thought of it, but it had become a reality, which made Mr. Huang feel very emotional.
And just an hour later, Mr. Huang's financial team immediately submitted a detailed analysis report on oo Network's market value on its first day of listing.
In this report, the financial team believed that the reason oo Network was able to break through $600 billion was not only due to oo Network's excellent financial performance but also the significant assist from Shell's super move.
oo Network itself never expected Shell to choose this timing to announce its third-quarter financial report, which created a huge profit gap between the two super enterprises, thereby helping oo Network gain a lot of favor and attracting capital fleeing from Shell Petroleum into oo Network.
As for why the stock price surged by nearly $7 in the last 5 minutes, the report became confused.
Because the financial team examined the flow of funds in the last 5 minutes and found that less than 30% of the funds buying oo Network during this period came from various financial institutions. The source of the remaining over 70% of the funds was very mysterious, and the specific information of these accounts could not be traced.
According to US laws, accounts of all institutions must be public and are not allowed to be operated in secret. Therefore, although these financial institutions had countless ways to circumvent them in private, they still had to conduct transactions through public accounts on the surface.
But the accounts for that 70% of fund sources were all accounts whose specific information could not be queried.
This indicated that these accounts were either ordinary retail investors or some private wealth management funds. These funds were not listed and did not sell to the public openly, but were established to serve specific groups, such as wealthy individuals or the funds of a certain organization. In short, they served very few clients, and could almost be equated to personal or group asset management institutions' accounts, whose specific information could not be queried.
In other words, the reason oo Network's market value broke through $600 billion in the last 5 minutes was not due to those financial institutions, but some private investors who held a large amount of cash and collectively invested in oo Network, ultimately leading to the sharp rise in oo Network's stock price.
This explanation seemed to resolve everyone's doubts, but it also gave rise to new doubts: why did such a large amount of personal funds suddenly appear?
Although the total amount of personal funds in various financial markets reached over ten trillion US dollars, these funds rarely moved. Unlike many financial institutions that liked to operate constantly, they preferred long-term investments, and it was normal for a sum of funds to remain untouched for decades.
However, it was too abnormal for them to flock to oo Network in such a short period. When did such a large amount of private funds appear in the market!
Mr. Huang's financial team was puzzled, but after a moment of thought, Mr. Huang himself opened a professional financial website and began to check some of the public information there, and then he saw the news, "New Century Financial Company of America Officially Denies Rumors: We Are Very Healthy!"
"It's finally here?" Mr. Huang touched his nose, a smile appearing on his face.