Chapter 1101

Humphrey is a big fan of ERV.

Very optimistic about its future.

But.

Unlike Huaxia, the new issue in the U.S. is "divided". The Underwriters contact each customer in advance and sell the new issue to them, instead of subscribing as Huaxia can.

But the chance of breaking is not small.

Facebook was like this in that year. On the day of listing, it fell below the issue price. Therefore, the upsurge of new share subscription in the United States is not high. Unlike China, it basically makes money when buying new shares.

On average, there are more than 100 IPOs of listed companies every year.

Two or three hundred delisted.

Such a large delisting risk makes the investment here tend to be rational.

That's where roadshows are.

To give investors confidence.

If it's a common stock.

Sales is a problem.

But ERV.

It was subscribed in three days.

Ordinary customers can't grab it at all. The new share subscription in the United States is not a game for retail investors. Retail investors can only buy and sell in the secondary market. The most delicious cake, of course, is for big customers who have always cooperated with each other.

Humphrey didn't speculate before.

It's not a big family of brokers and investment companies.

Nature.

Even if he had tens of millions of dollars in the bank.

I didn't get the new shares of ERV. In fact, I can still get them if I want to, but it's very troublesome. Humphrey is a person who is afraid of trouble. Since I can't get the new shares, I'll go to the stock market to buy them.

Anyway.

He didn't think he would lose money.

Companies like ERV are losing money, so there are few companies to trust.

"Billy, what about you?" Humphrey asked.

Then.

The voice of Billy's "treachery" came.

"Haha, I got a new stock of ERV, two million dollars."

"How much are you going to sell?"

"For sale? For the moment, I don't have this idea. I'm optimistic about the future of ERV. "As a person with high intelligence, he used to feel insulted when playing games. Now when playing games, he feels that intelligence is not enough.

People like him.

I admire those who are better than myself.

Prepare for long-term investment.

"As I thought, I don't care if I spend ten million dollars." Humphrey laughed. Maybe it would be the highest return investment of his life.

"Then wait for tomorrow's listing."

"Good."

Such an event.

There must be a live media broadcast.

ERV。

It has become the annual feast of the capital market.

。。。

Goldman Sachs.

Headquarters.

The ERV listing meeting has been going on for more than an hour.

But no one was tired at the scene, but they were in high spirits, because they were going to witness the rise of a great company, which analysts gave a very positive answer.

And market reaction.

Let them have a hundred times confidence.

The IPO of ERV amounted to 40 billion US dollars, 40% of which was underwritten by Goldman Sachs, which is the highest proportion among all securities companies. Now, all of them have been underwritten, and have won the praise of big customers.

At the beginning of the IPO process.

They all think ERV is really crazy.

$40 billion.

Twenty percent.

That means the ERV is valued at $200 billion.

That's the number.

In history, there is no such phenomenon. Due to the customers' crazy robbery, all the major securities companies almost couldn't help using the over allotment right, that is, the securities companies are good at underwriting and selling, and they can over sell 15% of the underwriting shares to customers.

Originally, only 100 shares were issued.

There are many buyers.

Securities companies can increase to 115 shares, and the total IPO size will increase to US $46 billion.

But.

Considering that the increase of tradable shares, after all, is an unstable factor, the capital chase brought by scarcity is more beneficial than satisfying them, so they did not use their over allotment rights.

Less meat.

It can highlight its significance.

If there is no potential company, they will use this. It is always good to sell more.

But ERV is different.

There is no future.

In the future, there will be a lot of operation space, so we don't care about this "little profit".

"After ERV goes on the market, you should clear the list in your hand. This time, we must fight a battle that will be remembered by history." Finally, before the meeting, the investment manager looked at the traders in front of him.

As an investment company.

It's also a brokerage.

The capital under management is unimaginable to outsiders.

For ERV.

Only one customer, big or small, calls is to buy. Of course, it's not an irrational purchase, but a reasonable allocation, with 10-20% of the funds to buy the shares of ERV.

It's the operation of most people.

Goldman also has a large stake.

I'll throw some out.

Otherwise.

We don't sell it?

How long is the stock price?

You know.

The stock market is a zero sum game.

No money will come out of nothing, and no money will disappear out of nothing. Suppose a share of ten dollars, if you want to increase the price to eleven dollars, someone has to pay eleven dollars, and the two sides reach a deal.

Otherwise.

The original price is ten dollars.

Even if someone offers $100, if there is no deal, the stock price is still $10. Therefore, only when the stock flows can the value be fully exerted.

Individuals tend to hold for a long time.

Investment companies are more inclined to keep trading.

。。。

Apple.

Headquarters.

Watching ERV for months.

Jobs was a little frustrated.

He thought Apple would be the target of media attention for quite a long time when the next generation of Apple computers came out. However, he was wishful thinking and just released it.

ERV is "crazy.".

Announcement of listing.

At first, the $15 billion IPO on the board of directors increased to $40 billion, and then it arrived. You sold out so quickly, and there were a lot of people waiting in line.

Start with the world.

These months.

ERV has launched a number of projects.

Each project more or less makes ERV's position more stable, and it also enjoys the capital favor that Apple has not enjoyed, while his apple generation machine can only be reduced to small news.

That's all.

The house leaks in the rain at night.

The weakness of the performance of Apple's first-generation computers also made jobs uneasy. The new generation of Qualcomm's processors is much better than the one jointly developed by the two sides, and many giants are ready to adopt it directly.

An apple is hard to ride.

There is a big gap in chip performance.

The first generation machine has even been rated as "performance backward" by many multimedia and experts, that is to say, the speed of hardware upgrading is too fast, and their products have not yet been put on the market, so they cannot keep up with the wave.

It hurt him and his team.

"I always feel uneasy that I can't wait to speed up the research and development of the next generation of apple, abandon the original chip and use Qualcomm's existing Xiaolong processor." Jobs said.

"Yes."

They also think that at this moment, Apple should not insist too much. If they wait at least eight months for the next generation of chips to be put into production, it is hard to predict what will happen.

They can't wait.