I would have thought that if qbl owns 55% of mcl then if mcl...

I would have thought that if qbl owns 55% of mcl then if mcl lists with x amount of market capitol say for argument sake 100mil then wouldnt qbl own 55% of that 100mil which in turn would reflect on qbl's market cap? Which then would reflect on the qbl sp??sorry again but im new to investing and learning how it all works so forgive me if im missing how it all does work cheers