Global monopoly of technology

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In the past ten days, Luo Sheng and his team members have crossed the three continents of Asia, the United States, and Europe together. The journey can almost circle the earth several times. Almost half of the time, he flies in the sky, a city every day.

At this moment, inside the special plane to New York.

"I think everyone is very excited. The management demonstrated a good demeanor during this IPO roadshow, and completed this world global roadshow very well. Investors all over the world saw that this is a young and Visionary management team."

Luo Sheng smiled and said to everyone, everyone is indeed very excited now, because the last moment has entered the countdown.

Bluestar Technology Group's IPO is already in sight.

Irene said with a smile: "According to data audit statistics, we have received active subscriptions from more than 2,800 investment institutions and more than 120 billion U.S. dollars for this global roadshow."

When everyone heard it, they all showed amazement, that is to say, Bluestar Technology decided to raise 5.6 billion this time, and there was more than 21 times the capital in fierce competition.

Even if we knew the company would be good before the roadshow, it far exceeded everyone's expectations.

Some companies IPO roadshows, almost no one cares.

The Bluestar Technology Group’s roadshow was obviously a hit, and there was no need to worry about selling it.

Among the 120 billion U.S. dollars of capital, it means that 114.4 billion U.S. dollars of capital will not get the subscription and will accompany it.

The competition can be said to be quite fierce.

The management undoubtedly once again admired Luo Sheng's vision. It was he who decided to use the bidding method for IPO financing and split it into three financings, so as to achieve the financing purpose and minimize equity dilution.

In addition to the prosperous prospects of Bluestar Technology Group, this active subscription event also played a very important role. Luo Sheng’s speeches this time have undoubtedly made more investors interested in Bluestar Technology Group. , The investors who were originally concerned are more determined.

Without him.

Luo Sheng’s future blueprint for everyone is really attractive. Although it seems to be drawing a big pie, the problem is that from the current performance of Bluestar Technology Group, there is a high probability that Luo Sheng will be drawn. The pie becomes a real pie.

Therefore, there is no shortage of investment institutions that pay for it, and they are all rushing.

...

The special plane landed smoothly at New York International Airport. Luo Sheng and his core team have been running around for more than ten days, and they can have a full day's rest 2 days before the listing.

24 hours passed in a flash.

The next day was March 9th, Luo Sheng came to Manhattan Island, accompanied by Qin Weimu, Irene, Xu Yong, Zhang Bowen and other key management personnel.

At around 10:00 in the morning, Luo Sheng and others entered the conference room of a luxurious building on Manhattan Island.

At this moment, all major securities underwriters have arrived. The size of the meeting room is medium-sized. At present, there are dozens of people gathered, most of whom are in suits, leather shoes and ties, and the ladies are in formal OL dresses.

The people sitting in this room are basically the top-tier capital institutions on Wall Street. Sun Zhengyi, the head of SoftBank, was present. There were also CEOs of investment banks such as Goldman Sachs, JP Morgan, Morgan Stanley, and Merrill Lynch. .

These people are all powerful figures on Wall Street and the capital investment industry.

In addition, Xu Chenghua, who represents Teng Xun and the second largest shareholder of Bluestar Technology Group, was also present, as well as the representative of Huajin Securities.

"Mr. Luo Sheng, everyone, please take a seat here."

After Luo Sheng and the others entered the meeting room, a staff member in formal attire immediately stepped forward to greet him, and made a very polite gesture to guide everyone to their seats.

Luo Sheng and others also all sat in their seats.

At this time, Henry Paulson, the head of the Goldman Sachs Group immediately said: "I am representing this joint underwriter, Mr. Luo, there are only less than 30 hours left before the listing transaction time. The price per share should be announced. Time to come out."

There is no doubt that Goldman Sachs Capital has been one of the high-profile VCs since its investment in Bluestar Technology Group.

Luo Sheng smiled and said: "Of course, after our internal discussions, we decided to bid for Bluestar Technology’s stock price at a minimum of 37 US dollars per share and a maximum of 47 US dollars per share. The upper limit of the investment of a single investment institution is 500 million US dollars. ."

When everyone heard it, no one answered immediately, but they were thinking in their hearts.

The upper and lower limit set by Luo Sheng means that the amount of 500 million US dollars can theoretically subscribe up to 13.5 million shares, and at least 10.63 million shares or even less.

New shares are issued at auction, and subscribers can subscribe at a price they can accept.

After a while, Sun Zhengyi present immediately said: "SoftBank invested 500 million US dollars and subscribed for 47 US dollars per share."

As soon as this remark came out, the representatives of the investment institutions in the audience were astonished. After reacting, the major brokerage and investment banks suddenly rolled their eyes.

What is drunk?

I am really drunk now.

This bastard was straightforward. The lowest price per share was $37. He was good and raised the price to $47.

Encountered this kind of blind guy bidding up the stock price...how can you stand it?

How to play this?

Lao Sun won't beep with you, SoftBank will eat his share first.

Next, other investment institutions also bid.

"Subscribe for $500 million for $41 per share."

"Subscribe for $500 million for $44 per share."

"Subscribe for $500 million at $45 per share."

The major investment institutions have earned a blushing neck, joking, this kind of potential stock is a fool.

Although the underwriters and investment institutions are very upset with Luo Sheng's bidding financing routine.

But one yard goes to one yard.

Even bidding financing still makes the capital institutions present frantically earning money, and individual investment institutions all raise the investment amount up to 500 million US dollars.

Luo Sheng would never doubt that if he allowed the maximum investment amount of a single investment institution to reach 1 billion US dollars, he would also be lifted to the highest level.

Without him.

The original shares of Bluestar Technology Group, they dare to eat as much as you dare to sell now.

For this IPO, one thing is certain is that Luo Sheng hopes to raise US$5.6 billion is definitely possible. The only uncertainty is how much less equity he can sell in raising US$5.6 billion.

Now it can be said that it is the division stage within the primary market, but it is still a situation where there are more monks and less meat. If you pay a low price, you will definitely not get it. Then take less and pay a high price.

In the end, the price per share was $47.

The major underwriters were very helpless. They had known this a long time ago. It would be better to directly determine the issue price at $47. Everyone was screaming at Sun Zhengyi. If he hadn't been driving up the stock price as soon as he came up, he would definitely be able to get more shares.

However, there is a big difference for Luo Sheng. He determined that the issue price and the subscribers' own bid are completely two concepts.

It is worth mentioning that the final issue price of 47 US dollars per share is because this price can meet the maximum transaction volume of all purchasers, so 47 US dollars has become the final issue price.

All subscriptions higher than or equal to US$47 can subscribe for new shares, while subscriptions of less than US$47 cannot subscribe for a single share.

The higher the price is.

The Bluestar Technology Group's IPO has more than 2,800 institutional accounts subscribed, and the subscription amount exceeds 120 billion US dollars, which is 21 times oversubscription.

In the specific placement, the underwriters play a leading role. The final placement situation is that the shares allocated to the top 30 large institutional customers account for 50% of the placement shares. At the same time, there is a sharp contrast that 80% of the subscription accounts are zero. Obtained.

In other words, more than 2,800 institutional accounts expressed subscription this time, but in the end 2,240 institutional accounts accompany them directly, and there was no gross in the primary market.

This led to the "28th-eighth phenomenon" of the final allocation is very obvious.

It's very angry.

But there is no alternative. The shares of Bluestar Technology Group are now in a rhythm that investment institutions all over the world are snatching.

Among the 560 subscription accounts allocated, 30 large institutions were allocated 50%, and the remaining 50% was shared by another 530 small and medium-sized institutions. Obviously, the allocation ratio of a single institution is not much, not to mention that this is not even. Yes, the "28 Phenomenon" here is also very obvious.

Generally speaking, in order to stabilize the stock price, in the US market IPO, investment banks and listed companies will give priority to meeting the needs of some long-term investment funds, and at the same time they will also take care of old customers, which will inevitably lead to the "February 8 phenomenon". Eye-catching.

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