Rebirth: Super Banking System Chapter 2419 - 2259: Soaring Surge
Previously on Rebirth: Super Banking System...
Myanmar Stock Exchange.
Second level.
Spacious VIP lounge.
"Congratulations."
"Boss Tang, we're grateful for this golden chance to earn big."
"Here's to Hummingbird's soaring future."
"..."
A crowd of associates and backers approached with greetings. Even those who skipped joining in this round are gearing up for major buys once it lists on the U.S. market.
They dispatched representatives to show their support.
Meanwhile.
Everyone buzzed with keen expectation.
A top-notch firm's debut on the exchange promises massive fortunes for countless backers. Gains from Hummingbird by itself might match those of scores of rivals.
No overstatement here.
Consider this.
Most firms launch with just hundreds of millions in funding, or even smaller sums at times. Yet Hummingbird's initial offering hits the tens of billions mark.
The difference is enormous.
...
Everywhere nearby.
Envious gazes fixed on Tang Qing, the twenty-something whiz who's been pulling off wonders and rattling the globe.
On this occasion.
Hummingbird's public debut will boost Tang Qing's fortune sky-high once more. Back when Hummingbird started, it was basically empty, merely a framework.
Yet.
Tang Qing's fame changed that.
During that period.
He offloaded 10% equity to Ali for a whopping $1.5 billion, leaving folks stunned. That $1.5 billion felt like a bargain then.
However.
Looking back now.
Hell!
Far from a bargain, it was like snagging veggies for pennies. The next year after Hummingbird's launch saw not just Ali's $1.5 billion infusion but also a hefty ICBC loan.
Billions.
Later on.
Myanmar Investment Group stepped up, snapping 10% of Hummingbird's stake for $3 billion, turning down co-investment bids from numerous backers.
Cash?
They had plenty.
Back then.
ICBC extended another 20 billion in financing, a feat unmatched among private outfits except Hummingbird.
From there.
Hummingbird really spread its wings.
Around the world.
It thrived across dozens of nations, booming through ties with influential clans there, pulling in huge bank loans locally.
To put it bluntly.
Across those lands.
The core Hummingbird entity poured in scarcely any capital; all growth stemmed from borrowings via local banks.
Securing property.
Constructing plants.
Hiring staff.
Rapidly building a vast web, naturally, since such funds stayed tied to domestic ventures and couldn't convert to hard currency for elsewhere.
All the same.
The feat remained astonishing, ensuring Hummingbird's local arms never ran short on growth cash, easing the burden on headquarters immensely.
In this fashion.
Through a tactic akin to conjuring wealth from thin air, Hummingbird's worldwide holdings ballooned like never before, at a breathtaking speed.
Viewing it today.
It's become a behemoth.
Regrettably.
Jealousy notwithstanding.
Copy it?
Hah!
Even with a time machine to rewind years, replicating it stays out of reach, as those clans won't extend favors lightly—not even to Ma Yun.
These are the elite echelons in every nation.
In such a arena.
Just a handful qualify to join.
...
Shortly thereafter.
After the opening chime sounded.
Trading commenced.
Tang Qing gazed steadily at the display; by now, primary market deals wrapped up, leaving holders and backers in suspense.
As buy orders flooded in, folks' stares grew bloodshot.
Yearning.
Thrill.
Before long.
The auction wrapped.
Suddenly.
Hummingbird shares rocketed from the 20 Asia Dollars launch price to 23 Asia Dollars, climbing further in under ten minutes.
Thirty.
Beyond the exchange building, gasps erupted everywhere.
"Amazing."
"Insane."
"A 50% jump in ten minutes off the starting price—pure rocket fuel." Keep in mind, Hummingbird's IPO pegged at $120 billion.
Measured in dollars.
That 50% surge.
Signifies.
Hummingbird's valuation topped $180 billion, outpacing Tang Qing's pair of other public firms, trailing solely Microcrystalline Technology.
"Powerful!"
"Such returns feel like daylight robbery."
"Absolutely."
"..."
Seeing crowds with flushed, eager eyes, that over-50% spike in mere minutes proves jaw-dropping, though sadly, few snagged shares at launch price.
Big firms.
Major players.
Retail traders.
The first pair's share roughly matches the last, yet with hordes competing, average folks' odds of winning allotments stay slim.
Hence.
Secondary market's their only shot.
Witnessing the frenzy.
Additional bets poured in.
...
Within the lounge.
Tang Qing grinned with poise; as the rest eyed the monitors, he did too, though his eyewear projected richer, clearer stats.
Right then.
Be they firms or everyday buyers, all snapped up shares wildly, driving prices higher, while Hummingbird allies cleared out cheap sell orders.
They're no idiots.
No bulk grabs at once; instead, they directed teams to steadily scoop low offers, treating it as an ongoing strategy for years ahead.
Should prices dip past a threshold.
They'd hoover it entirely.
Simply put.
Prop the price floor high, since it ties to Hummingbird's upcoming U.S. funding round; a valuation slide would shrink proceeds.
Raising cash would shrink accordingly.
Thus.
Stock stability is key.
For now.
The sharp climb stems partly from Myanmar exchange punters, who favor holding long as history shows it's reliable.
For starters.
In local markets, it's a prime way to grow wealth. Tourism nets cash for many, but choices are limited, plus Myanmar Economic Zone bars certain buys.
Likewise.
Property plays abroad face foreigner bans too.
Plus.
Pathways to relocate are mostly shut, no incentives, with tight reins on city growth, avoiding megacities; instead, they relocated old Yangon.
The nation's biggest hub, once home to 7 million, shrank to roughly 2 million.
Pushing hard for expansive countryside living, crafting villages cozier than urban spots, while curbing fresh influxes.
So.
Relying on property flips leaves buyers puzzled on outlets, breeding pessimism all around. This funnels rising household stashes straight into stocks.
Gains.
Bonus.
Setbacks.
No catastrophe.
Healthcare.
Schooling.
Dwellings.
Vehicles.
...
Thanks to Myanmar officials' pushes lately, such essentials weigh light on typical homes. Total wipeout? No sweat.
Dine richly.
Imbibe freely.
Push a bit more.
A few years' toil rebuilds the pot, provided effort's there—jobs abound in Myanmar, and besides, no one expects local stocks to tank fully.
...
Elsewhere.
Western and Euro tycoons squirmed too; this propping tactic's out in open reports, leaving them torn inside.
One.
Relieved their holdings hold worth.
Two.
Irked by the push for more capital.
Now.
Should Hummingbird shares climb excessively, the U.S. debut could haul in a terrifying sum, maybe $100-200 billion beyond forecasts.
Powerless.
Yearn to suppress.
Lack the means.
Myanmar trading bans shorts altogether, so borrowing to dump and drag low? Forget it. In the end, they swallow hard and yield—the opposition's too mighty.
Untouchable.