Chapter 1684

"What did you say? Will Facebook and twitter go public this time and not cooperate with us? How much are they going to sell for each share and how much are they going to sell in total? "

The CEO of Goldman Sachs, Osford, was surprised. Previously, the subsidiaries of wind and rain holding group and polar bear holding group were listed, they were always sponsors.

Our cooperation is very good. Every time, Feng Yu and Kirilenko's company are successfully listed. The funds raised are never small. The two super rich are very satisfied. What's the matter this time?

"The two companies each plan to raise about two billion dollars. The exact amount of money and share is not yet determined, and they have not inquired from us."

"Who are their underwriters?" Osford was not happy. This time they didn't become sponsors, but it was good to buy some shares of the two companies.

Sponsors are not allowed to hold shares of the sponsor company, which is well understood. But before that, Goldman Sachs had been buying shares of Feng Yu's and Kirilenko's listed subsidiaries through other companies. As long as it operated a little, it would not violate the law.

These Goldman shareholders don't own shares in those companies, but their relatives can, it's not illegal, and the profits are not their family's?

"It's still the same companies as before, Barclays, Citibank, Morgan Stanley To become its lead underwriter, of which JPMorgan is the sponsor. "

These big financial companies have become underwriters, but without them, Goldman Sachs. Why?

The Commission of the Underwriters is not low, especially the underwriting of the stocks of this high-quality company, which is generally relatively simple. And they're big companies that work together as underwriters, but they can also boost investor confidence. They don't underwrite junk stocks.

"Know what's wrong with our cooperation?"

"It seems that your wife's company bought a lot of shares of Guge company when we were the sponsor of Guge company last time, so it also caused some troubles, which delayed the listing of Guge company for two weeks."

"But that time I let the stock of Guge company sell to the highest price!" Osford said angrily, "and that's my ex-wife. We have nothing to do with the law!"

Although it is said in the mouth, we all know what the actual situation is.

But even if there are those problems, shouldn't we not even ask for an inquiry from Goldman Sachs? Hum, it must have been other underwriters' intention. They just want to exclude Goldman Sachs!

Osver didn't know. It was Feng Yu and Kirilenko who asked. The companies that made this inquiry were all smaller financial companies, which were said to be worried about the other party's subversion of their shares in the two companies.

This reason, barely, makes sense, but in this way, the price of this stock may not be so high.

In fact, other underwriters are also suffering. If we didn't cooperate more than once, and the Commission was also good, they would not accept the underwriting requirements.

Both companies issue 100 million shares, accounting for 25% of the total share capital, but at the time of inquiry, the issue prices of the two companies are not the same.

Facebook's inquiry results, up to 23 dollars, which is much lower than their estimate of 26 dollars.

Twitter's inquiry was only $13, much lower than their estimate of $17.

Can those small investment companies afford to pay a high price? I don't know what the two world's top rich think!

With 100 million shares issued, the funds that can be raised are far below their expectations. Is this enough for the company's development?

Who doesn't know that network technology companies are the most expensive at the beginning. Of course, if we make money, the speed of making money is also very fast.

Those financial companies that have been inquired about are overjoyed. They didn't expect that they could be inquired. But what they didn't expect was that the Underwriters implied that they would buy more.

What do you mean, there are so many issues, and they are not enough to subscribe to. Do you mean that the Underwriters here have the right to allot? Or is there an over allotment option?

In fact, there is no such right at all. In the end, two companies decide on their own.

This time, Goldman didn't become an underwriter or a sponsor, not because of the little accident of the last issue of shares of Google, but also because they asked for the right to place shares.

In the case of over subscription, the Underwriters can decide who to sell and how much to sell.

For example, if 100 million shares have been issued, but the number of shares subscribed has reached 200 million, what should we do if the 100 million shares are not enough? It's up to us to decide who to sell these stocks to and who to choose as shareholders of the company.

Feng Yu talked with Kirilenko about choosing the small financial companies or banks that are going to die. The advantages and disadvantages are also clear with Kirilenko.

Kirilenko and Feng Yu are the same choice. Let these small companies suffer a big loss.

I don't know what the expression of these companies is when they see the shares they are interested in buying and finally fall below the issue price.Even Kirilenko has suggested that if the number of oversubscribed is large, it can issue more to these small financial companies or banks to make them pay more.

And we must keep sending out some good news after the silent period to make them happy first. When the stock price actually falls, there are times when they cry.

The final price of Facebook is set at 24 US dollars per share, and Twitter is set at 14 US dollars per share. This is also the result of discussions between these underwriters and storm holdings, polar bear holdings.

Originally, they wanted to set a higher level, but Feng Yu didn't agree. In fact, Feng Yu thinks that they can sell them, but the number of oversubscribed shares may not be so much, and there will be no holes for these small financial companies and banks.

Only by letting these small financial companies and banks go bankrupt, can the financial crisis of the United States become more serious, can the economic impact of the United States be greater, and can the gap between China, Russia and the United States be narrowed more.

On the day of listing, it was very busy. Little Zach and Twitter's Evan rang the bell together, and both of them were red faced.

As a result, Feng Yu didn't expect that the number of subscribers was more than double the number of issuances. At this time, the two companies also chose their new shareholders according to the requirements of Feng Yu and Kirilenko.

Those who buy stocks are overjoyed. Those who don't buy stocks are confused. They subscribed so much that they didn't get a share?

Why do those small financial investment institutions and banks get so many shares?

Wind and rain holding group and polar bear holding group will regret it, Feng Yu and Kirilenko will regret it, they will! (to be continued. )