The richest man starts with a blind box

Chapter 1118 I have an additional condition

"Mr. Huang, our audit work has been completed. The financial data of 00 Network is perfect and everyone is envious. This is a shining enterprise!" In the most luxurious central conference room of Jiangnan Group, the global vice president of Goldman Sachs He was shaking hands with Boss Huang eagerly.

Although the various marketing and struggles of the universe terminal continued, of course, the listing process of the OO network on the other side was not disturbed in the slightest.At the invitation of Goldman Sachs, the top three accounting and auditing firms in the world, that is, PricewaterhouseCoopers, Deloitte, and Ernst & Young, jointly conducted a rigorous review of the financial data of OO Network, and came up with a report with a word count of Financial statements of 3 million words.

As a result, the report was quite perfect. Except for some minor flaws, the financial data of 00 Network was very healthy, so healthy that even the three well-informed accounting firms were stunned and called God.

The reason why the three accounting firms were invited to conduct joint audits was naturally to improve the fairness of the financial statements. After all, if they wanted to collude with the three accounting firms at the same time, the possibility of fraud was almost zero.

And such a report can also help OO Network achieve its goal of going public within three months.

And now more than a month has passed, and in the remaining two months, the next step is to prepare a comprehensive prospectus, and then submit this prospectus to the Federal Securities and Exchange Administration Commission for review. After the approval of the committee, you can further start the road show, that is, promote your own stocks to various investors and shareholders according to your own price, and invite them to buy stocks at the same time.

After all the shares have been subscribed, you can completely disclose your prospectus to all institutions and markets, and you will be able to ring the bell for listing on Nasdaq in a few days.

In this process, under normal circumstances, it takes about three weeks from the submission of financial statements to the reply from the Federal Securities Regulatory Commission.

It usually takes about three weeks to submit the prospectus and get the prospectus approved at the same time.

One plus before and after is 6 weeks, which seems to be within the range of two months.

But the problem is that these three weeks are only the time for an initial reply, and after the reply, there will be a long review and communication for various details of the financial statements and prospectus.

As we all know, the administrative speed of the Federal Securities and Exchange Regulatory Commission is slow and itchy. Many companies have to send dozens of emails before and after just to review their financial statements. own report through.

The prospectus is almost the same situation. Dozens of negotiations before and after are very normal.

So at this time, the value of Gaoshan is reflected. First of all, Goldman Sachs can shorten the time for the first reply from three weeks to two weeks, which is the minimum time limit stipulated by the Securities Regulatory Commission.

The second is to allow the two parties to avoid direct communication through rigid emails, but directly and privately conduct face-to-face communication through Goldman Sachs channels.

The person in charge of the Federal Securities and Exchange Regulatory Commission will directly point out the various errors in these reports and the places that need to be corrected, and even directly tell you how to make corrections, thereby greatly shortening the time for passing various reports.

Otherwise, under normal circumstances, the explanations given by the Federal Securities and Exchange Administration Commission are almost all clichés and empty words. Read it, and then tell you how to modify it.

In fact, these professional organizations don’t understand either. They just have a deep relationship with the management committee. They learn more detailed information directly from there, and then pass it on to you.

Of course, such services are very expensive, often costing millions of dollars in the middle. As for whether these expenses are all eaten up by professional institutions, or more than half of them fall into the hands of some powerful people in the management committee, that is Only God knows.

Anyway, if a company wants to go public on Nasdaq, it is impossible to do so without spending millions of dollars and finding help from these professional institutions.

And Goldman Sachs is the most professional institution among these professional institutions. In addition, Goldman Sachs promised to complete all listing matters within three months, so there is basically no need to worry about the listing timetable, and this also means that the listing of 00 Network, It's basically a done deal.

So the global vice president of Goldman Sachs is very excited and happy at the moment. His job has been completed perfectly, and he is waiting for a huge year-end bonus at the end of the year.

But what made him happy for a few minutes was that after Huang He shook hands with him, he said very simply, "Mr. President, I think the details of the prospectus we discussed before are not perfect enough, so I hope that when the prospectus Add a subscription condition to the book!"

"Add a subscription condition? What condition do you want to add?" The vice president frowned. When a company goes public, it doesn't mean that all the stocks are thrown on the market directly, and then the company sets a price by itself. After the listing, the shareholders are allowed to snap up , which is very unscientific and will cause a lot of trouble.

Therefore, in addition to the use of this method in the first few decades when the stock market was just established, the subsequent stock market rules have undergone reforms, requiring companies to go through the stage of roadshows before going public, and to communicate with all investors and shareholders in advance. Pre-subscribed campaign.

Pre-subscription, as the name suggests, is to sell all the issued stocks by subscription before the stocks are listed, and at the same time determine the price of the stocks.

To give an example, when station b went to the US stock market for listing, when their prospectus was confirmed by the Federal Securities and Exchange Commission, they had to conduct a road show.

The entire roadshow process lasted more than 30 sessions in total, each of which was to hold a speech at important financial venues in various regions of the United States, and then invite all people in the local financial circle to participate.

Throughout the speech, you will publicize your company's financial income, the company's target customers, the future direction of development, and how great the company's development potential is, etc.

To put it bluntly, it is to draw cakes for all investors and tell them, don't look at our company's current profits of only tens of millions and millions of users.But as long as the listing and financing are successful, we will be able to expand to hundreds of millions of dollars in profits and tens of millions of users in a short period of time. At that time, the stocks you all buy will increase by 10 times, and your profits will double!

After some painting, the next step is the actual subscription.

In this process, some are virtual subscriptions, while others are actual subscriptions.

The specific subscription is that no matter whether you have money or not, as long as I think your company has a future, I can sign up to subscribe for how many shares or something from the institution, but in fact there is no fart, just to express my intention.

However, institutions can finally determine the number of listed stocks and the final price of stocks through the purchase intention.

The actual subscription is different, which requires real money.

Some companies directly offer a minimum price during the roadshow. If financial professionals who participated in the roadshow feel that this stock has great potential, they need to buy it in advance to avoid crazy price increases after listing, so that they have to buy it at a high price. , you can subscribe directly at the road show site, and the subscription price must not be lower than the minimum bid price.

Finally, determine what can be successful on a case-by-case basis.

Still take Station B as an example. For example, Station B decided to sell 10 million shares at a price of not less than US$100 per share through subscription. After a road show, a total of 400 million shares were subscribed.

Then, based on the 400 million shares, find the 100 million shares with the most expensive order price, and then take the lowest order price of the 100 million shares, which is 11.8 US dollars, as the issue price of the stock listing at station b, and then give the 100 shares Buyers who bid for 11.8 shares will sell them at a price of US$[-].

However, according to regulations, such pre-sold shares shall not exceed 1/2 of the total listed shares.That is to say, there are still 100 million shares, which must be sold through a public offering to give all shareholders the opportunity to buy stocks, otherwise it may be identified as insider trading.

This is the case in roadshows under normal circumstances, but if some merchants feel that their stocks are in short supply and are not worried about selling them, they can also set some conditions for their stock subscriptions, such as buyers must be white, Or how much assets the buyer must have, etc.

Anyway, during the road show, as long as you are not afraid of losing your character, you can add these subscription conditions as much as possible.

Originally, in the entire listing plan agreed upon by the two parties, the roadshow process was a normal subscription without any other bells and whistles, but now, Huang He has to temporarily impose conditions.

This made the vice president of Goldman Sachs very upset, but he had no choice but to ask with a wry smile, "I don't know what condition Boss Huang intends to add?"

"It's simple!" Huang He chuckled, "If you want to pre-purchase my shares during the road show, you must upload a qualified terminal application that can pass the store's review in the Universe Program Store. Every application that has passed the review in this way can Qualified to subscribe for [-] shares."

"If you can't come up with an application, then you are not allowed to subscribe for our shares at the road show!"

"What the hell kind of condition is this?" The global vice president of Goldman Sachs looked confused after hearing the condition, and then wanted to dissuade Boss Huang and put away this joke-like subscription condition.

As a result, Boss Huang waved his hand very simply and said, "That's my condition. You just agree. If you don't agree, I will treat it as a failure of the listing and give up the listing. However, the fee that should be paid to you is quite a penny, which is tens of millions. It’s just dollars, nothing more!”

After finishing speaking, Huang He left very simply, not even giving the other party a chance to persuade him, which clearly meant that the Overlord would force his bow.

(End of this chapter)