One month later.

The Wuliang Sword Sect is already crowded.

Tens of thousands of monks gathered on the Wuquan Golden Top, waiting for the first inquiry work for the initial public offering of the Water Spirit Stone Mineral Essence. The atmosphere on the scene was very warm.

The cultivators wore various costumes, whispered to each other, and tried to find out about each other. There were many overseas monks among them.

There has never been such a grand gathering of monks in the Wuliang Sword Sect in history. It has traversed the current cultivation events. Only during the trials on the battlefield outside the domain can a large army of monks gather at the level of ten thousand people.

In contrast, although the number of participants in the extraterritorial battlefield trials was more involved, most cultivators only had the Qi Refining Stage cultivation level. Now the cultivators gathered on the top of the Wuliang Sword Sect, in addition to Lu Yang and other disciples of the Wuliang Sword Sect, also have the lowest level of Qi Refining Great Perfection Cultivation.

This is not to say that low-level monks are not interested in the equity of Lingshi Mining, but because the senior executives of Wuliang Sword Sect are considering controlling the number of people and charge the so-called "new-ticket handling fee".

Everyone who is standing on the top of the infinite golden, has paid a spiritual stone as a ticket. Ordinary Qi Refining Cultivators are unable to pay such expensive admission tickets.

Especially monks like Ming Zhu and Hong Tao who almost lost all their money during the Lingshi Coupon Crisis, they heard that they had to pay a spirit stone to buy tickets before they had bought the shares in the Lingshi Mineral, and they all retreated and gave up the opportunity to participate in this large-scale IPO.

But if they don't come, some people still sign up.

Nowadays, tens of thousands of monks who can whisper on the scene are all rich in financial resources, including representatives of major cultivation sects and cultivation families.

The Wuliang Sword Sect’s water spirit stone vein produces about 1.5 million water spirit stones per year. According to the plan, in the public issuance of the first wave of spirit stone veins, the Wuliang Sword Sect will take out the annual output of 10,000 spirit stones for listing and trading, and issue a total of 10 million shares.

The equity auction of Lingshi Mining is the most important part of the construction of the credit monetary system for cultivation, and there must be no mistakes.

With the full support of Ma Tianyi and Li Rui, Lu Yang opposed the opposition and decided to deliberately lower the issue price of Lingshi Mining stocks in the first public offering of Lingshi Mining equity, creating a wealth effect artificially.

The reason is very simple. The stock market has never appeared in the world of cultivation before, and almost all cultivationists are amateur retail investors.

In a stock market dominated by retail investors, the wealth effect is the most important factor that determines the stock price, and the losses of most retail investors are also caused by the wealth effect.

Retail investors are not like professional investors. Most people do not have the idea of ​​investing in the stock market for a long time. Often, only when they hear that people around them make a lot of money investing in the stock market will retail investors flock to invest in the stock market.

At the beginning, retail investors were always cautious and only dared to invest a small part of their assets. But in a bull market, as long as new funds enter the market, stocks can continue to rise. When retail investors see the stocks rise and make money, they will not help but invest more. This part of the new funds once again stimulates the stock price to rise, tempting retail investors to invest more, allowing the stock market to obtain more new funds to continue to rise.

This is the wealth effect.

When all the assets of all retail investors are invested in, the incremental capital in the stock market will be weak, and finally the beginning of a tragic collapse, and everyone's wealth will be wiped out as the stock market plummets.

Since retail investors as a whole invest more at high points, the losses from falling will inevitably be greater than the gains from rising. On average, they will have to cut their losses and leave the market...

This is the theoretical source of the stock market's theory of seven losses, two margins and one profit.

Like the earth capitalist, Lu Yang does not care about the profits and losses of retail investors in cultivation. What he needs is to try to increase the price of Lingshi Mining stocks and increase the social attention of Lingshi Mining veins, thereby laying the foundation for issuing new coins.

To do this, you need to start the wealth effect and attract retail investors to enter the market to buy stocks.

However, the wealth effect needs to be activated, which is that the first wave of people must make money first.

Therefore, the first public offering of the Spirit Stone Mineral Vein is actually a bait thrown by the Wuliang Sword Sect!

on the other hand.

With the continuous advancement of currency reform and the listing of spirit stone veins, related business work has become increasingly busy. The spirit stone coin exchange point temporarily built by the Wuliang Sword Sect has now been officially renamed "Wuliang Sword Sect Spirit Stone Reserve Bank" and has begun to secretly recruit some core disciples to participate in the work.

As the first advocate, Lu Yang was appointed as the first president of the Lingshi Reserve Bank by Ma Tianyi.

However, our President Lu’s cultivation is too low and his responsibilities are too serious. In order to prevent the plot of people with ulterior motives, the relevant news is currently limited to the senior management of the Wuliang Sword Sect.

This is not the suspicion of the top leaders of the Wuliang Sword Sect.

After all, monetary reform has touched the interests of too many people, especially those of the lower-level cultivators and the sects of the transcendent sects.

If a madman from the law emerges and directly deals with our President Lu, the entire monetary reform will probably be over.

Not only that, Li Rui even appointed Mo Yunlan to be Lu Yang's bodyguard, and was on standby by Lu Yang almost 24 hours a day to guard against possible attacks at any time.

As the date of the issuance of Lingshi Mining equity is approaching, the exchange of spirit stone coins of Wuliangjian Pai Lingshi Reserve Bank has also heated up rapidly.

Just three days before the issuance date, the Spirit Stone Reserve Bank had exchanged more than 6 billion yuan of spirit stone coins from monks from all over the world. Most of them were exchanged with spirit stone coupons, but a small part was exchanged with spirit stone spot.

In addition, under the instruction of Ma Tianyi and Lu Yang, the Spirit Stone Reserve Bank also sent many disciples to pretend to be ordinary cultivators and took the initiative to chat with outside monks to investigate their psychological price for a spirit stone mine.

The stock price of the Spirit Stone Mine itself is the hottest topic in the cultivation world at present. Cultivators generally lack confidentiality awareness. The disciples of the Wuliang Sword Sect who are casually disguised have drawn their psychological price for the stocks of the Spirit Stone Mine.

Compared with other cultivator investors who are blind and touching elephants, the valuable information obtained from grassroots research has given Lu Yang a general understanding of the valuation of Lingshi Mining equity.

Based on the feedback big data, Lu Yang found that the median valuation of Lingshi Mining stocks by monks can almost reach about 120 yuan per share.

In other words, buying a spirit stone ore for 1,200 years will make a profit, which is acceptable for these monks with a long lifespan and a long family history.

After considering all factors, Lu Yang set the issuance price of each spirit stone mine to 1 spirit stone coin of 50 yuan.

This price is much lower than the average psychological expectations of the monks, giving the first batch of spirit stone mine stock investors a room for appreciation of at least 140%.

At this price, it can basically ensure that as long as the monks present can buy the spirit stone mine, almost all of them will get rich overnight.

Such amazing benefits may make the monks who did not catch up with the first wave of spiritual stone mines completely jealous. After the wealth effect rolls, Lu Yang's second and third stages of the construction of the credit currency system can be completely launched.
Chapter completed!