sinovels Chapter 287 Countdown To Listing
Chapter 287 Countdown To Listing
Since April, Lu Yi’s focus has been on Future Group.
After all, an IPO is a huge event for a company, so naturally he, the CEO, has to pay more attention to it.
An IPO application was submitted to the U.S. Securities and Exchange Commission in mid-April.
At the end of April, many heads of internationally renowned investment banks went to Suzhou to meet with Lu Yi to discuss the future listing of the group.
In mid-May, rumors spread that the top four investment banks in the United States would jointly serve as sponsors for Future Group's listing. It was an unbeatable sponsor group and unprecedented.
As soon as the news came out, it caused a global sensation.
Everyone was shocked by this luxurious sponsor lineup.
Except for Lehman Brothers, the other four are all the top five investment banks in the United States.
This kind of treatment is absolutely unprecedented.
As for whether it will be the next to come, it depends on whether a company like Future Group will appear again in the future.
Rumors also spread that the head of Lehman Brothers was quite dissatisfied with Future Group's rejection of them as a sponsor, and even lost his temper in public within the company because Lu Yi did not know how to praise him.
after all.
We are all the top investment banks in the United States, with similar status and status, and no one is worse than the other.
result.
The other four companies became sponsors, but they were excluded.
Are you looking down on me, Lehman Brothers?
Or do you think Lehman Brothers is worse than Goldman Sachs, Morgan, Merrill Lynch, and Bear Stearns?
As soon as the news came out that Lu Yi rejected Lehman Brothers as the listing sponsor, the outside world was once again in an uproar.
That's Lehman Brothers!
One of the top five investment banks in the United States.
Many companies that wanted to go public begged Lehman Brothers to be their sponsors, but Lehman Brothers took the initiative and agreed to all the conditions [In the end, Lu Kangkanran refused.
Excellent craftsmanship
Can it not be shocking?
Why?
This is a question that countless people want to figure out.
Why did Lu Yi reject Lehman Brothers?
Five of the top investment banks in the United States are providing guarantees at the same time. Wouldn’t it be even more star-studded?
"Oh my God! The top four investment banks in the United States jointly provide guarantees. This treatment is unique~々!"
"Yes, even when Gu Ge was launched last year, there was no such luxurious treatment.
"I want to know now why Lu Yi rejected Lehman Brothers? The five top investment banks are all guarantees at the same time. Isn't it more luxurious than four of them?"
"Don't you understand this? Longguo has always emphasized a kind of imperfect beauty, so Lu Yi rejected Lehman Brothers.
"That's right! There is an old saying in the Dragon Kingdom that when the moon is full, it will lose money. It means that if you go too far, you will fail. If you are too prosperous, it will be too prosperous. If you have four companies, it is just right."
"The culture of the Dragon Kingdom is indeed broad and profound."
Both at home and abroad, everyone is concerned about this matter.
Some foreign netizens directly talked about the culture of the Dragon Kingdom.
Lu Ti smiled at this.
What the real reason is, only he himself knows.
Time has quickly entered June.
Throughout April and May, the focus of global attention was on Future Group.
Because the listing of Future Group is really eye-catching.
As an emerging Internet company that has risen at a rocket-like speed in the past two years, it can be said that it is unparalleled in the world and leads the way.
so.
Only the listing of Future Group will cause such a sensation and attention around the world.
And investors around the world are paying attention all the time.
Especially investors in North America are sharpening their knives and preparing to kill everyone.
Especially those investors who missed out on Guge last year, this time they are looking forward to the future listing of the group, so that they can become rich overnight.
When the outside world continues to talk about it.
Lu Yi held a shareholders' meeting here.
There is only one thing discussed at this shareholders' meeting, and that is the way to determine the stock price of the future group IPO.
Lu Yi is going to learn how to execute the Gu Ge bidding auction.
Hearing that Lu Yi actually wanted to subscribe for the original shares of Future Group through auction, the investment institutions present felt a toothache.
This is totally a price hike.
They have never seen a guy as calculating as Lu Yi.
They had already made significant concessions on the commission rate, but Lu Yi was still not satisfied and wanted to kill them again.
If you make more money for them, they will die!
Although they felt very unhappy, they also knew that there was no way to change Lu Yi's decision, so they could only curse Gu Ge in their hearts.
If Gu Ge hadn't brought up this evil trend, Lu Yi wouldn't have chosen the auction method, right?
after all.
For them, shareholders, the traditional method of stock issuance is the most beneficial to them.
In this way, you can get the most original shares at the minimum price.
And now...
It became Lu Yi who received the most raised funds and paid the least for the original shares.
Of course, those who suffer are the shareholders who subscribed!
According to the traditional stock issuance method, the price of the original stock is generally determined by negotiations between the listed company and the underwriter, and the price is usually lower than the actual value.
The underwriters and their major clients make the difference through internal subscriptions.
This, of course, enriches the underwriters and harms the interests of the company as well as the interests of small and medium-sized investors.
Not only that.
The underwriters will also control the allocation of original shares and will give priority to their very important large customers. Ordinary investors will not be able to get internal subscription rights at all.
To this.
All major institutions are very helpless.
But there is nothing we can do.
Who makes Future Group’s stocks a hot commodity?
If you don't want to, some organizations are willing.
Although they will make a lot less money due to the bidding method, in general, they still make money.
No matter how small a mosquito is, it is still meat.
What's more.
This isn’t mosquito meat either.
therefore.
Even though he scolded the eighteenth generation of Lu Yi's ancestors in his heart, he still agreed with a smile on his face.
We are all old foxes, don’t we have no movie stars?
Time flies so fast, and it’s the end of June in a blink of an eye.
The news of Future Group's listing has long been in full swing, and related topics have dominated major platforms for a month or two.
On June 30th, Lin Qingya came to the president's office.
As the chief legal officer of Future Group, she participated in the entire IPO process of Future Group (Li's), and as the chief consultant of the listing advisory team, she played an extremely important role in it.
All materials submitted by the company have been registered with the North American Securities and Exchange Commission (SEC), and have passed the review and approval of the final draft of the registration statement by the U.S. Securities and Exchange Commission. The registration statement has officially come into effect. "
“Then it’s time to enter the roadshow process.”
Lin Qingya said.
Entering the road show process means that the future time for the group's listing will enter the countdown and be locked in the last month.
This is almost the same as Lu Yi’s previous plan.
Of course.
In this process, four sponsors, Goldman Sachs, Morgan, Merrill Lynch and Bear Stearns, played a big role behind the scenes.
Otherwise, the approval of various processes would not be completed and effective so quickly.
This shows that there are people in the DPRK who are easy to do things.
after all.
The combined energy of the four top investment banks in the United States is absolutely unimaginable. .