Reborn Super Bank System

Humphrey is a big fan of ERV.

Very optimistic about its future.

but.

The issuance of shares in the United States is different from that of China Xia. New shares are'divided'. The underwriters contact customers in advance and sell them to them, instead of subscribing to China Xia.

But the chance of break is not small.

FACEBOOK was like that. It fell below the issue price on the day of listing. Therefore, the IPO subscription boom in the United States is not high, unlike China, which basically makes a profit when buying new shares.

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

Two to three hundred companies were delisted.

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

Only then has the link of "road shows" everywhere.

It is to give investors confidence.

If it is a general stock.

Sales are a problem.

But ERV.

The subscription was completed in just three days.

Ordinary customers can't get it at all. The subscription of new shares in the United States is not a game for retail investors. Retail investors can only buy and sell in the secondary market. Of course, the most delicious cakes are for large customers who have been cooperating.

Humphrey did not trade stocks before.

Not a big account of brokerages and investment companies.

natural.

Even though he has millions of dollars in the bank.

I didn't get the new shares of ERV. In fact, I can get them if I want, but it's very troublesome. Humphrey is a person who is afraid of trouble. Since the new shares are not available, I will buy them on the stock market.

Anyway.

He doesn't think he will lose money.

Buying a company like ERV loses money, so few companies can be trusted.

"Billy, what about you?" Humphrey asked.

Subsequently.

Billy's "treacherous" voice came.

"Hey, I got new shares of ERV, two million dollars."

"How much price do you plan to sell?"

"For sale? I don't have this idea for the time being. I am optimistic about the future of ERV." As a high IQ person, he used to play games and felt that I was insulted. Now playing games, he feels that IQ is seriously insufficient.

People like him.

I really admire people who are better than myself.

Ready to make long-term investments.

"Just like I thought, if you spend ten million dollars, I don't care." Humphrey followed and laughed, perhaps, this will be the investment with the highest return in his life.

"Then wait for tomorrow's listing."

"it is good."

Such a big deal.

There must be live media.

ERV.

Has become the annual feast of the capital market.

...

Goldman Sachs.

Headquarters.

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

However, no one at the scene felt tired, but they looked very bright, because they will witness the rise of a great company. This, the analyst gave an extremely positive answer.

And the market reacted.

It makes them more confident.

ERV's IPO is as high as 40 billion U.S. dollars. Goldman Sachs underwrites 40%, which is the highest underwriting ratio among all securities firms. Now, all of them have been underwritten, and they have won unanimous praise from major customers.

At the beginning of the listing process.

They all think ERV is really crazy.

40 billion US dollars.

Twenty percent.

That means the ERV valuation is 200 billion US dollars.

Such a number.

There has never been in history. Due to the frenzy of customers, the major brokerages almost couldn't help using the over-allotment right. That is, the brokerage is good at underwriting and can overwrite 15% of the shares to customers.

Originally only one hundred shares were issued.

Many people buy.

Brokers can increase to 115 shares, and the total IPO size will increase to 46 billion US dollars.

but.

Taking into account that the increase in tradable shares is, after all, an unstable factor, the capital pursuit brought about by scarcity is more beneficial than satisfying them, so their over-allotment rights are not used.

Less meat.

Can highlight its significance.

If it is a company with no potential, they will use this. It is always better to sell more.

But ERV is different.

The future is boundless.

There is a lot of room for operation in the future, so I don't care about this little profit.

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

As an investment company.

It is also a brokerage.

The capital managed is unimaginable by outsiders.

For ERV.

There is only one customer, large and small, calling, to buy. Of course, it is not an irrational purchase, but a reasonable allocation, with 10-20% of the funds to purchase ERV shares.

It is the operation of most people.

Goldman Sachs also has a large number of shares.

Some will be thrown out at that time.

otherwise.

Does everyone not sell?

How long is the stock price?

To know.

The stock market is a zero-sum game.

No money will be generated out of thin air, and no money will disappear out of thin air. Assuming that a share of ten dollars, if you want to increase the price to eleven dollars, someone has to pay eleven dollars and the two parties reach a deal.

otherwise.

The original price was ten dollars.

Even if someone pays one hundred dollars, if there is no transaction, the stock price is still ten dollars. Therefore, only when the stock flows can the value be fully realized.

Individuals prefer long-term holdings.

Investment companies are more inclined to keep trading.

...

apple.

Headquarters.

Look at the ERV that has been hot for months.

Jobs felt a little lost.

He thought that the appearance of Apple's first-generation machine would make Apple a target of media attention for a long time, but everything was his wishful thinking, and it didn't take long after the release.

ERV is'crazy'.

Announced listing.

At first, the board of directors said that the IPO of 15 billion US dollars, and then increased to 40 billion US dollars, and it will be there. You are so quick to sell out, and there are still a lot of queues.

Start with "World".

These months.

ERV launched a large number of projects.

Each project more or less made ERV's position more stable, and also allowed it to enjoy the capital favor that Apple had never enjoyed, and his Apple generation machine can only be reduced to small news.

Forget it.

House seemingly endless rain.

The weak performance of Apple's first generation machine made Jobs very uneasy. Qualcomm's new generation processor is much better than the one jointly developed by both parties, and many giants are ready to directly adopt it.

Apple is overwhelmed.

The gap in chip performance is a bit big.

The first generation of computers has even been rated as "performance backward" by many media and experts, that is, the hardware is upgraded too fast, and their products have not been on the market, they have not kept up with the wave.

This made him and his team very hurt.

"Intensify the development of the next generation of Apple machines, abandon the original chips, and use Qualcomm's existing Xiaolong processors. This matter cannot be delayed. I always feel very disturbed." Jobs said to his opponent.

"Yes."

They also feel that at this moment, Apple should not be too insistent. If they wait for the next generation of chips to be put into production, they will have to wait at least eight months, and it is difficult to predict what will happen.

They can't wait.