297: A backdoor listing?!

Moreover, this surge wasn't a sudden, sneaky rise—the kind of fishing line pull that stops after one yank.

Instead, it was a crazy, high-volume surge that didn't stop, consuming every chip that was pressing down from above.

Many people hadn't even realized what was happening when they saw the broader market turn red!!

The market, which had been hovering around -3%, instantly surged into the red!!

"What's going on?"

"Is there any news regarding the big finance sector? Why is it surging so fiercely!!"

"Holy crap, I just cut my losses on Yingshisheng! Now we get a Limit Down to Limit Up Reversal? main force, are you really short on my 30,000 yuan?"

"A rebound! This is a violent rebound. The National Team must have come in to support the market. Brothers, remember not to hesitate now; sell quickly before it drops again."

"I don't think so. Why would the National Team support the market by boosting the non-bank financial sector? Look, the hardest rising sector right now is the Internet Finance Sector. If it were the National Team, they would definitely boost bank stocks."

"Quick, check the Social Media Platform! Brother Lin's company is going public. I think this news caused it!!"

More and more people went to Wang Lin's Social Media Platform.

After seeing the news, they turned right back around and started buying stocks.

This was a positive feedback loop.

Everyone didn't know why Brother Lin's company going public gave them confidence, making them feel like the broader market would rise.

But that was the reality.

The broader market was pulled into the red today.

The Village Chief watched the scene where, in just half an hour, the shanghai composite index surged from -3.2% to +0.41%.

Even with his vast experience, he was stunned by the sight.

He asked, bewildered, "What kind of move is this?"

Wang Lin actually didn't know why either, but looking at the market today, he smiled: "I don't know, but the result is good, isn't it!!"

The impact of this event went far beyond that.

If Junlin Finance is going public, naturally it requires IPO subscriptions, right?

How much equity Wang Lin would release, how many Institutions would subscribe to it, what the subscription price would be, what the opening price would be set at—all these details mattered.

Those Institutions, like sharks smelling blood, began to showcase their unique abilities, each striving to achieve their goal!

Right there, inside the Shanghai Stock Exchange.

Before long, the CEOs of Institutions whose headquarters were based in the Magic City all came calling.

Such as the heads of major bank departments, like Bank of Communications and Pudong Development Bank.

The CEOs of major Brokerage Firms, as well as the bosses of insurance, fund, and asset management Institutions.

Even the local social security and pension fund heavyweights.

Upon receiving the news, they rushed over immediately.

Of course.

Everyone who dared to come here knew very well that they possessed the capability to underwrite the deal.

As for the small companies and minor Institutions, they could only watch.

They didn't even have the qualifications to meet the Village Chief, let alone engage in equal dialogue.

Inside the VIP conference room.

The Village Chief looked completely helpless.

Damn it, what is happening?

The developments were increasingly spiraling out of his control.

Weren't they supposed to be discussing with Wang Lin how to prevent the broader market from collapsing so severely?

How did Wang Lin posting a single sentence on the Social Media Platform turn into all these Institutions scrambling to snatch up the IPO shares?

Wang Lin also hadn't expected these Institutions to be so desperate!!

The company hadn't even started the process, yet it was almost completely bought up by them.

Inside the conference room.

Dozens of people stared at the excessively young man, yet there was no trace of contempt in their eyes.

The only person who could make the A-share market surge crazily with a single sentence, driving market capitalization up by hundreds of billions, was probably Brother Lin!

"Brother Lin, is Junlin Finance really going public?"

As soon as he spoke, several people nearby immediately shouted, "Can't you ask a better question?!"

"Exactly! You should be asking, Brother Lin, how much equity are you planning to release this time?"

"I'm more concerned about the listing process—how long will it take if we follow the standard procedures!!"

These were also the Village Chief's thoughts.

The stock market had collapsed too severely, even if Wang Lin's single sentence caused a violent rebound today.

But after surging for over an hour, it was already starting to lose momentum.

The shanghai composite index turned green again, though not as aggressively negative as the -3% seen earlier in the morning.

"How about a reverse merger?"

At this moment, someone proposed an idea.

A reverse merger is a method frequently used by many companies.

It is also the simplest and most efficient way to go public... in the stock market.

Many Hot Money traders were also pondering this issue.

Brother Lin said his company was going public, but the listing process is extremely complicated.

If he wanted to go public in the short term, he absolutely had to use a reverse merger; there was no other route.

Thinking of this, these Hot Money traders' eyes lit up, and they began frantically searching for stocks that might be targeted for a reverse merger.

Any stock suitable for a reverse merger must meet many conditions.

For example, the market capitalization must be around 3 billion yuan or less. This is to reduce the cost of the merger and provide conditions for subsequent asset injection.

Next is performance—it must be the kind of company that has suffered consecutive years of losses and is on the verge of delisting.

Furthermore, the debt ratio must be over half, and the actual controller needs to hold more than 50% of the chips.

Moreover, if Wang Lin wants to go public, it must be on the Main Board. A behemoth of his size cannot go to the SME Board or the growth enterprise market.

This calculation eliminated a significant portion of stocks.

If segmented further, companies in Yu Province that meet these criteria have an even greater chance.

The primary targets were Sida Hi-Tech, Furen Pharmaceutical, Oriental Silver Star, Yingge Investment, Lotus Monosodium Glutamate, and Ancai Hi-Tech.

In the very next moment, these stocks began surging and accumulating chips to varying degrees.

Especially Oriental Silver Star, a real estate stock located in Zheng County, which lacked core business operations, and whose major shareholder had a strong desire to sell the shell.

Therefore, almost immediately after realizing this.

Several major Hot Money groups began making frantic moves, scrambling for chips!!

In the Oriental Silver Star Stock Bar.

Many Stock Investors didn't know what was going on, only seeing their held stock suddenly spike in one wave, and then hit the Limit Up ceiling in a second wave!

"????"

"What is happening?"

"Holy cow, Silver Star is taking off?!"

"That's insane! Straight up to Limit Up! Is there some major positive news!!"

"I don't know, but I happened to be watching the market and bought in right at the limit!"

"Holy moly, look quickly! Yingge Investment, Lotus Monosodium Glutamate, Ancai Hi-Tech, and others are all surging crazily! These are all stocks from Yu Province!!"

"Seriously, what's going on? Can someone tell me?"