Unparalleled True Technology

Chapter 252: Where's the confidence?

Unlike Morgan Stanley's appeal for Facebook's cooperation, Goldman Sachs wants to join the banquet to underwrite Facebook's stock.

When a company seeks to go public, the first time it sells its own stock is called an IPO. The IPO has always been a feast for the founder of this company and the cash-out of new shareholders during the financing process.

They let out a part of their stock, and then let the outside world buy it, and get cash by themselves. And because the shares purchased by investors are scattered, they will not affect their control of this company in the slightest.

However, they can't put out stocks directly, especially for companies like Facebook.

So there are underwriters, they and the company agree on the amount of IPO and the amount of shares the company needs to pay, and then these underwriters will be responsible for sales.

Another reason is that companies want their stock prices to be high, but investors are not necessarily buying them. Therefore, the biggest role of the underwriter is to sell the stocks themselves, then buy the stocks themselves, and then sell the stocks to stir up the company's stocks.

"In general, underwriters can get 5 to 8 points of underwriting fees."

Because of some changes, Wenming, who returned to Tesla's headquarters, began to discuss with Cage.

Cage said: "According to Facebook's current funding requirements, they need 5 billion U.S. dollars. If the shareholders' meeting of Facebook agrees to the proposal of listing on Facebook, then we will completely lose the opportunity to increase capital. Facebook and Morgan Danley and Goldman Sachs will become their underwriters, responsible for selling $ 5 billion in Facebook stock when Facebook goes public. "

"And their income can reach $ 250 million to about $ 400 million."

Wu Wenming frowned, saying, "In other words, because we have no related business, we cannot compete with Goldman Sachs and Morgan Stanley for this time's Facebook IPO underwriting?"

Cage nodded and said, "Yes, in fact, few people have such business capabilities except for investment banks of this level. Because they are not without capital, they are very good in IPO transactions. It may happen that no one buys Facebook shares. By then, they will need to use a lot of funds to speculate on stock prices. "

"Otherwise, if the Facebook stock price they received was lower than market expectations, then they would have to bear a large loss, which is not unheard of in NASDAQ history. And, similar to Goldman Sachs With investment banks like Morgan Stanley, they have a great network of relationships, and in simple terms they know a lot of rich people. "

"Those rich people can become their customers and help them buy Facebook shares. Because not only do they know that Facebook will be valuable in the future, many people also think that Facebook's future is very valuable."

Wu Wenming laughed. The whole world knows that Facebook's stock will be valuable in the future, but how many people know that Facebook's stock will be so valuable in the future?

既然 "Since the future of Facebook is very valuable, I must get Facebook stock."

Wu Wenming said positively: "I have told Sith that he will arrive in Silicon Valley today, and you and he will communicate the situation."

Cage chuckled and said, "Boss, even if we were roommates in the same room, I joined Apple Corps as a back door. But you can't squeeze me like that, right?"

"You are not unaware of the current situation of Tesla. If I don't throw my heart and soul on Tesla, then the crisis facing Tesla will most likely not be resolved. When Sith comes, you can completely take your Tell him and the difficulties that Mark Zuckerberg encountered, and let him handle it? "

"First of all, I really don't have time to participate in this investment in Facebook."

Wen Ming smiled and said, "I didn't tell you to complete the capital increase with Sith. When Sith comes, I need to meet Mark and other shareholders on Facebook. So, you just need to Just tell him everything. "

After learning about the purpose of participation of Goldman Sachs and Morgan Stanley, Wen Ming knew that he was blocking the financial path of others.

But what does this matter?

Whether it's Goldman Sachs or Morgan Stanley, isn't it blocking Wenming's wealth?

Since everyone is blocking each other's financial path, then there are any means that need to be used. Before he left Facebook headquarters, he had already agreed with Mark Zuckerberg, and today's time is used to meet other Facebook shareholders one by one.

谁 Who those people support is actually driven by interests, and even if Goldman Sachs and Morgan Stanley are successful, the gains are only a few hundred million dollars. For a company, even companies like Goldman Sachs and Morgan Stanley can earn hundreds of millions of dollars in a few days can not be ignored.

But for Wen Ming, does he care for hundreds of millions of dollars?

His advantage is not that he has money. If you say cash, he can't compare with Morgan Stanley and Goldman Sachs, because these two companies on one of the three largest investment banks on Wall Street have industries like banks. presence.

Wu Wenming's Apple is very valuable now, but it is only very valuable. How can he fight cash with the bank?

So, he hopes to get as many other Facebook shareholders as possible within this day, so that he can ensure that his financial path will not be cut off by others.

Kage heard that he did not need to participate in this incident, and did not feel a bit out of favor, but was very happy. Because the dilemma that Tesla is facing has not been resolved, it is necessary for him to go all out in both production and public opinion.

Otherwise, Tesla has lost faith with consumers, and there are still so many rich consumers, then Tesla has no future.

"There is still a problem now, and that is whether Tesla or Apple will go public in the future."

Kage hesitated: "If we have sinned against Goldman Sachs and Morgan Stanley, I think that when our two companies go public, we may encounter sniper attacks from each other."

Wu Wenming knows what sniper means. When a company goes public, it can smash money to smash stock prices to make the company's market value higher. Naturally, the company's stock price can be smashed by means of smashing money to make the market value of the enterprise lower than expected.

This is not a detrimental measure, because they can buy as many shares of Apple and Tesla as they can after they drop the market value of Apple and Tesla. Then, the market capitalization of these two companies is raised to make a profit.

Wu Wenming frowned and asked, "Aren't they afraid that the SEC will trouble them?"

The SEC is the US Securities and Exchange Commission, and investment banks like Goldman Sachs and Morgan Stanley are most afraid that the SEC will trouble them. In other words, no listed company is not afraid of the SEC.

Cage laughed bitterly and said, "Do you know how many companies they have in their hands? You don't know, I don't know, the SEC doesn't know, not even the middle and senior management of their own company. In this case, do you think they can be caught? "

Wenming was only worried for a moment, then laughed and said, "It doesn't matter. Let them come if they are coming. Whether it is Tesla or Apple, there is sufficient cash flow in a short period of time. It can create a lot of profits. Maybe I never need these two companies to go public. "

"Furthermore ~ ​​www.novelmtl.com ~ If I really need to get them listed, I think I don't need to worry about Goldman Sachs and Morgan Stanley anymore, even if we add another Wall Street investment bank J.P. Morgan, I don't think I need to worry. "

Kage opened her mouth, but she didn't say anything.

He was really shocked by Wen Ming's self-confidence. You must know that it is the three major investment banks on Wall Street. It can be said that any of them can affect the economy of the United States, because it is just one of the three major investment banks. The JP Morgan Chase Group, which the industry calls Little JPMorgan, has total assets of 2.5 trillion US dollars and total deposits of 15,000. Billion dollars, accounting for 25% of total US deposits.

Even if this behemoth is the US government, it must be treated with caution. Where does Wenming come from with confidence?

Kage's puzzlement was not answered, because Wenming could not tell him the answer, and no one could know the answer.

Uh ...

Ps: It ’s not that I have blown up. 2.5 trillion US dollars is true, 25% is also true. The data comes from a certain subject. . ) Download Free Reader !!

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