Actually I just want to act

Chapter 1081
How profitable are online games?

Tencent gave the answer in the previous life, 1561 billion!And how much is mobile game revenue? 1466 billion!The annual profit is only 4820.64 billion.Online games account for one-third of Tencent's revenue.It is conceivable that for Tencent, online games are one of the three Optimus Primes, if not half of them.

It's ridiculous that Bald Eagle still looks down on online games.

That's right, the national conditions are different, because on Bald Eagle's side, video games, console games, gameboy, etc. have long occupied the game market, and the development of online games... is equivalent to nothing.Otherwise, a simple game of Texas Hold'em would not have led to the great development of QQ, and attracted a bunch of online game companies to imitate.

Fang Jiming estimated that this is also the performance of some Bald Eagle consortiums attacking Feixun, especially on the Bald Eagle side.

To conquer the North American market, we must win the Bald Eagle, which is beyond doubt.As for Canada, it has always been a vassal of the Bald Eagle.

However, there is no way to stop "Cross Fire". This game has gained a lot of fans in North America.It is estimated that some bald eagle people also regretted that they did not restrict online games from other countries from entering the bald eagle market in advance.You know, many gunfight games try to imitate "Cross Fire", but they are often completely defeated because of unfairness, lack of novelty and other issues.

It is also because of this situation that Bald Eagle urged Feixun to go public.

Only when it is listed, can the next step be taken to see how to snatch Feixun over.

Unfortunately, they miscalculated.

Fang Jiming never planned to sell the core controlling stake, and even set up AB shares ahead of time. Even if the bald eagle tried hard to grab it, there was no way to snatch Feixun over.At worst, it will be privatized and delisted. As long as Feixun is listed for a few years, it will definitely save enough money-under the global layout, the ability to make money is not the same!

Everyone has wishful thinking, it depends on whose means are clever.

Next, is the most exciting time.

Fang Jiming took the stage again and announced the number and price of Feixun shares issued.

"I announce that Feixun will issue 2.114 million shares at an issue price between $8 and $10."

When the words came out, everyone was stunned.

You know, GG only sold more than 2000 million shares, and even once announced that it would sell 9500 million shares, and the issue price would be between US$108 and US$135.But when the IPO was listed, GG still compromised and went public at a price of US$85. It only sold 2250 million shares and raised US$19 billion.

Of course, there is also a game between the co-founders of GG and the Bald Eagle Consortium.

In the weeks leading up to GG's IPO, the Nasdaq stock exchange, which has a large number of technology companies listed, and WOO, GG's number one competitor, have been showing a downward trend, sending a chill to the Bald Eagle IPO market.

Adding to this, there are two factors contributing to GG's poor IPO performance.The first factor is poor roadshow performance.We all know that before a company goes public, in order to stimulate the demand for the company's stock, the executives of the company and underwriters will spend about two weeks going to major cities to "fool" institutional investors and answer their questions.However, GG executives declined to answer many questions from institutional investors.As a result, investors have raised questions about GG's future profitability.

The second factor is that the lead underwriters, Ruiz Credit and Morgan Stan, "fudged" the stock auction.The underwriters, finding that the traditional stock issuance method served them best, felt threatened by the auction method.Under the auction approach, underwriters would no longer be able to allocate undervalued shares to clients with stronger ties to them.

As a result, the two lead underwriters were reluctant to have the auction approach be considered a success, but they were also reluctant to see the stock auction "float", which would damage their reputation as lead underwriters.The underwriters "tipped off" to various institutional investors that as long as they bid $85, they might buy GG's stock.Sure enough, a lot of bids were made at $85, with relatively few bids at higher prices. GG was forced to accept the issue price of $85, so the IPO Waterloo.

The co-founder of GG has made less money, but in the stock market, GG’s stock price has soared, and Bald Eagle’s investment institution has increased leverage because it is bullish, and has made a lot of money.

So, let me tell you from the story of GG, don't be greedy, capital has a hundred ways to kill you.

But Fang Jiming is not afraid, he uses traditional sales methods to "fool" everyone into buying.

In this case, Feixun can receive more financing.

However, the facts gave Fang Jiming a sap.

Many investment institutions are waiting and watching, and few people actually pay for it.

But Fang Mingming doesn't care, Feixun's profit is there, and the business model is also there, whether he likes to buy it or not.

In fact, Fang Jiming can also understand that Feixun does too much and does everything.Instant messaging, online games, music, videos, similar blogs, portal websites... After this series, many investors are confused about Fetion's main business in the future, and it is only natural that they will not invest easily.

But Fang Jiming feels that if they don't buy it, they won't buy it. The opportunity is given to them, and they don't understand that making money is their business.

After coming out of the road show, Guo Wenda said in a low voice: "Director Fang, their enthusiasm for buying is not high?"

"Do whatever they want, they probably want to make money together."

Fang knew that once the issue price of the shares was lowered, they could buy more shares at a lower price.

"Actually, the performance of Chinese concept stocks is very good..." Guo Wenda knows the situation. Recently, Chinese concept stocks such as Chaoyang.com and Surf.com have all risen.

Fang Jiming thought for a while, and said in the car: "Old Guo, you have to understand that bald eagles will not scatter when they see a rabbit. If there is no clear signal to make money, they will not do it easily. Anyway, they still have a chance. Buying at the first stop, they are not very good at doing it..."

As soon as the voice fell, the phone rang.

It was Smith.

"Fang, your luck is really good. Leonard, who is known as the 'stock god' on the Bald Eagle side, would like to treat you to lunch."

Fang Jiming was taken aback, Leonard?

After hanging up the phone, Guo Wenda pondered.

"Fang Dong, is Leonard interested in Feixun?"

Fang Jiming smiled and said: "I don't know, but we can use this news. You go to the media and spread the news. I think someone will follow suit and buy Feixun's stock soon. It's impossible to raise 20 billion US dollars. question."

Guo Wenda frowned, and said, "Director Fang, not necessarily. It's just that we in China admire Leonard. In fact, on the Bald Eagle side, many people disdain Leonard."

"But it can't be denied that he became the richest man in Bald Eagle through stock trading, right? He must be capable..." Fang Jiming said with a smile, "The purpose of spreading news is to give confidence to institutional investors. Confidence, understand?"

Guo Wenda understands the truth, but Guo Wenda is not optimistic about this effect.

(End of this chapter)