Rebirth capital madman

Previously, in order to contribute to Kirkrian's acquisition of John Becker, the original stock of Sega, who was willing to listed soon, as the original stock of Sega, who was willing to listed soon. It reflects an unspoken rule in this area of ​​investment banks, namely the IPO underwriters' investment banks, with a consideration of their own interests, there is a lot of operating spaces in specific stocks.

Since it is called the industry's hidden rules, it naturally has its own real foundation. This is not difficult to understand. Most of the company's stock listing, you want to get investors' recognition, inseparable from the reputational and outstanding underwriters. Recommended, from this point of view, investment banks can be described as mastered to blend.

From another perspective, IPO pricing is underestimated by the general practice of investment banks, and there will be a phenomenon, and the new stock is listed on the market. The price is big, even skyrocket, which has shown that IPO is successful, but also shows The issue price is low, and the financing benefits of listed companies have been damaged.

At present, Jobs, the anti-mainstream cultural factor on the body is still a lot, ignorant, and of course, I dare to complain that Moistist Danli gives Apple stocks low, regardless of the blood of Wall Street, no effect, first dry Let's talk about it again!

The touched eldest, thinking, whether it is to have IPO's Sega, or as a result of the use of the underwriters, it is good to take it, it is better to make pricing rights to the maximum extent by reverse bidding methods. Hand it to the market decision.

Of course, the reverse bidding is not available casually, in the IPO case is a few percent, because this way has additional requirements for the qualifications of listed companies, but Sega does not have problems, it Names and products have long been familiar with consumers and investors.

John White Black de flicked with a tall string, and finally nodded: "This time, if it is really possible to shoot the Gamese Danley, it will be fine."

Senior strings, John White Needle responded in him. After all, as of now, Morgan Stanley is at least in the name of Wall Street, while the Solomon Brothers, Goldman Sachs, etc. are in the position of catching up.

However, the contradiction is not limited to this.

Tmorgan Stanley, known as "Wall Street," under the leadership of Robert Baldwin, is in adapting to this era.

In the past, Morgan Stanley's business is wholesale securities, not touching specific deals, these work belong to roughness, dismissions in the eyes of "noble", as long as maintenance, such as large enterprises, national affiliates, power, etc. The relationship between the capital user is enough to ran on the top of the Wall Street food chain. In the case of Morgan Stanley, it is small and elegant, up and down, and one is a gentle, gentleman's style is full. a feeling of.

Now, Morgan Stanley's scale is not only significantly expanded, but after the new and old people, it is full of wolf, and the tentacles of the business are stretched into all areas, not only and the peers like "rough", even still In order to acquire the business, some old customers are not hil.

At the merger of the company last year, Belki Oil Company was sold to Shell Petroleum, and Morgan Stanley provided consulting services, gaining a huge amount of more than one hundred and $ 1300, and lost in bidding Mobil Petroleum Company and Dexus Ancient Oil Company are also the VIP customers of Morgan Stanley, nature is very angry, so that Mobil oil companies are simply brought to Morgan Stanley.

To put it bluntly, in the past, "Jianghu" pays attention to, "loyalty" is very heavy, Morgan Stanley is a gentleman, sitting at a high high position, overlooking the peers, at the same time, and the top customers such as the country, the top customers like the country are closely related. Cooperation; now the world is different, in front of the interest, "loyalty" is not important, Morgan Stanley turns into a sick wolf, everywhere, it is very stressed, if you have a chance Never let go.

......

After the Supreme Opiens, the high-quality and Golden Sediment will be able to add a shift overnight, and the IPO of Sega has increased the reverse bidding, which has a more well-known manner in the Internet era in the "Old Script". - Dutch auction, and the most successful example, is the Internet giant Google, and the general trend is different, but whether it is video game boom, personal computer boom, or the Internet boom, and even the next block chain heat wave, etc., There is no essential difference in the effect of the head.

For the players in the circle, the reverse bid in the temporary drama is not difficult. It is not difficult to operate, and the investors including the agency, it is very concerned about the Sega stock, now just put pricing rights, from underwriters, pay In the hand of investors, there is nothing some information is opaque, and the share will not be fair. You bid, who can win in the fierce competition of excess subscription, and give it to the market market.

This time, Wall Street is sensational.

It is worth mentioning that Jobs who got the message immediately asked Morgan Stanley, and also had a reverse bidding for Apple's stock.

Now Morgan Stanley has become a "sick wolf" even from the "gentleman", but it is still more time to change, and it is a bit of hard feet, and even a bit of hands, and even alarmed the president. Robert Baldwin.

Morgan Stanley's transition is really too much, Jobs's request is soon being satisfied.

In the high string, Jobs's recklessness, not the apple board and the acquiescence of investors, for the industry hidden rules, they have long known, and even happened, even if they involved the interests, they did not stand up to fight, then Let Jobs are in the sky.

The effects of reverse bidding are very obvious. The Sega stock issuance price was originally set for twenty-four dollars per share. After reverse bidding, it was raised to twenty-nine US dollars per share; Jobs did not toss, Morgan Stanley The distribution price given to Apple stocks is the seventeen dollars per share. After reverse bidding, it has increased to $ 20 per share.

The chord is secretly laughing, and the apple is still not escaped from his own suppression. From this price, it is a company that is a company, the brilliant level of the listing, I am afraid it is a big discount.

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Time is flying in the tight drum, soon until December 12, 1987, Sega is listed on the New York Stock Exchange, and Apple is listed on the Nasdaq Stock Exchange.

In the boom of video games and personal computers, the two stocks have been sought after by investors. When I closet, the share price of Sega has just takes forty dollars, and the financing is more than $ 200 million; and Apple The stock price rose to twenty-seven dollars, the financing amount is nearly $ 80 million.

This result, the highest judge, it is simply no suspense, Sega is very randomly crushed apple, so that Apple's underwriters Morgan Stanley, the new field of the new field is trying, some bleak light.

Supper string is still very satisfied.

Morgan Stanley is a traditional crocodile, which is the business of the bank. It can earn a lot of money, but also remember the financing business in emerging fields such as IT, not too Greed, will you give others a way?

This time, let you refuse!

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PS: Sorry, spend the time to comb your ideas and information.

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