Extraordinary Genius

“What did you say? This Facebook and Twitter launch, you're not working with us? How much are their shares going to sell, and how much are they going to sell in total? ”

Goldman Sachs' CEO Osford was surprised when the subsidiaries of Windstorm Holdings Group and Polar Bear Holdings Group were listed, and they have always been sponsors.

Everyone cooperated very well. Every time Feng Yu and Kirilenko's company was successfully listed, the funds raised were never a small amount. The two super-rich people were also very satisfied. What happened this time?

“Each of the two companies plans to raise about $2 billion, the exact amount of each share remains to be determined, and they have not asked us for a quote. ”

“Who are their underwriters?” Osborne was very upset that they didn't become sponsors this time, but buying shares in some of the two companies was also good.

It is well understood that Sponsors are not allowed to hold shares in Sponsored Companies. But Goldman Sachs has also been purchasing shares in subsidiaries listed under Feng Yu and Kirilenko through other companies, so long as they operate a little bit, it's not illegal.

They Goldman Sachs shareholders do not own shares in those companies, but their relatives can, and this is not illegal, and the profits they earn are not from their families?

“Again, those companies before, Ballet Bank, Citibank, Morgan Stanley... became their main underwriters, of which * * * * were sponsors. ”

What makes these big financial companies underwriters, but not Goldman Sachs?

Underwriters' commissions are still not low, especially when it comes to underwriting stocks of such quality companies. And they're big companies that work together as underwriters, and they can also boost investor confidence that they won't underwrite those garbage stocks.

“Know why our cooperation is problematic? ”

“It seems to be because your wife's company purchased a lot of shares in the ancient song company the last time we sponsored the ancient song company, thus causing some trouble and delaying the listing of the ancient song company by two weeks. ”

“But that time I sold Gu Song's shares to the highest price!” Osford was furious, "and that was my ex-wife, and we had nothing to do with it legally! ”

That's what I said, but we all know what the reality is.

But even with those problems, you shouldn't even be looking for Goldman Sachs for a quote? Hmm, other underwriters must have deliberately tried to crowd Goldman Sachs out!

Osford had no idea that it was Feng Yu and Kirilenko who demanded that the companies asking for quotations, if they were smaller financial companies, were said to fear that the other party would subvert their equity interests in the two companies.

This reason makes little sense, but the price of this stock is not necessarily very high.

In fact, other underwriters also have headaches. If they didn't see you work together more than once, and the commissions are good, they wouldn't have accepted the underwriting of this request.

Both companies issued 100 million shares, or 25 per cent of the total share capital, but at the time of the request for quotations, the issue prices of the two companies were not the same.

Facebook inquiries reached a maximum of $23, which is well below their estimate of $26.

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

Can those small investment firms afford a high price? I don't know what you two world-class millionaires think!

Issue 100 million shares, raise far less money than they expected, is that enough for the company to grow?

Who doesn't know the Internet tech company, it's the first to burn money. Of course, if you make money, you make money fast.

Those financial firms that are being asked for quotes, one is not happy. They had no idea that they could be questioned. But even more unexpected is that these underwriters are suggesting more subscriptions.

What do you mean, there are only so many distributions, they subscribe so much that they don't even have enough points, do you think this dealer has the right to place them? Or do you have an oversupply option?

In fact, there is no placing right at all. In the end, two companies decide for themselves.

Goldman Sachs did not become an underwriter or a sponsor this time, not because of a minor accident in the last issue of Gusong shares, but also because they demanded placement rights.

Placing rights, that is, in the case of oversubscription, the underwriter may decide to whom to sell.

For example, if 100 million shares are issued, but 200 million shares are subscribed for, what if this 100 million shares is not enough? This determines who these stocks are sold to and who they choose to be shareholders in the company.

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

Kirilenko is the same choice as Feng Yu, just these small companies, let them suffer a great loss.

I don't know what it's like for these companies to see their thriving stock purchase and eventually fall short of the offer price.

Even Kirilenko suggested that if oversubscriptions were made, more could be issued to these small financial companies or banks to make them pay more.

And be sure to keep giving them some good news after the silence period to make them happy. Until the stock price really drops, when they cry.

The final Facebook issue price is $24 shares and Twitter issue price is $14 shares, which is also the result of discussions between these underwriters and Rain Holdings and Polar Bear Holdings.

They wanted to be higher, but Feng Yu didn't agree. In fact, Feng Yu thinks it can be sold, but the amount of oversubscription may not necessarily be that much, and these small financial companies and banks will not be able to be pitched.

Only the bankruptcy of these small financial companies and banks can aggravate the financial crisis in the United States, have a greater negative impact on the US economy and narrow the gap between Huaxia, Russia and the US economy more.

On the day of the launch, it was very lively, and little Zach and Evan Twitter were ringing the bell together, both looking red and full of light.

The result was not unexpected. Indeed, the number of subscriptions exceeded the issuance by more than double, and at this time, the two companies chose their new shareholders in accordance with the requirements of Feng Yu and Kirilenko.

Investors who buy stocks, they're not happy, and those who don't buy and sell, they're misty. They subscribed so much, they didn't even get a share?

Why do small financial investment institutions and banks get so much stock?

Windstorm Holding Group and Polar Bear Holding Group will regret it. Feng Yu and Kirilenko will regret it.