"What did you say? This time the listing of Facebook and Twitter is not working with us? So how much does their stock plan cost to sell at a time, and how much does it cost in total?"

Goldman Sachs' CEO Osford looked surprised. Before the listing of Fengyu Holdings Group and its subsidiaries under Polar Bear Holdings Group, they have always been sponsors.

Everyone cooperated very well, and each time, Feng Yu and Kirilianko's company successfully went public. The funds raised have never been small. These two super rich people are also very satisfied. What happened this time?

"The two companies plan to raise about $2 billion, and the exact amount of a share has not been decided, and they have not asked us for a price."

"Who are their underwriters?" Osver was very unhappy. They failed to become sponsors this time, but it was also good to buy some stocks from the two companies.

The sponsor is not allowed to hold shares of the sponsor company, which is easy to understand. However, Goldman Sachs has been purchasing shares of listed subsidiaries of Feng Yu and Kirilianke through other companies before. As long as it is done a little, it is fine.

These Goldman Sachs shareholders do not hold shares in those companies, but their relatives can do so. This is not illegal, and the profits they make are not from their family?

"The companies before, Barrek Bank, Citibank, Morgan Stanley... became its lead underwriters, among which JPMorgan Chase was the sponsor."

These large financial companies have become underwriters, but they are not as good as Goldman Sachs. Why is this?

The commissions of underwriters are still not low, especially the stock underwriting of such high-quality companies is generally relatively simple. Moreover, these large companies join forces to be underwriters, which can also enhance investors' confidence, and they do not underwrite those junk stocks.

"I know why our cooperation is wrong?"

"It seems that when we were the sponsor of Guge Company last time, your wife's company bought a lot of Guge Company's shares, so it also caused some trouble, delaying Guge Company's listing by two weeks."

"But that time I asked Guge Company's stock to be sold at the highest price!" Osford said angrily, "And that is my ex-wife, we have nothing to do with it legally!"

Although this is said, everyone knows what the actual situation is.

But even if those problems arise, you shouldn’t even ask Goldman Sachs for inquiries, right? Humph, it must be the intention of other underwriters, they just want to exclude Goldman Sachs!

Osford had no idea that it was Feng Yu and Kirilianko who asked that the companies that were inquiring this time were all smaller financial companies, and it was said that they were worried that the other party would subvert their equity in these two companies.

This reason is barely reasonable, but in this way, the price of this stock may not be as high.

In fact, other underwriters are also having headaches. If they hadn't seen that everyone had cooperated more than once and the commission was given well, they wouldn't have accepted such underwriting requirements.

Both companies issued 100 million shares, accounting for 25% of the total share capital, but when inquiring, the issue prices of the two companies were also different.

Facebook's inquiry result reached a maximum of 23 US dollars, which is much lower than their estimated 26 US dollars.

Twitter's inquiry is only thirteen dollars, which is more than the seventeen dollars they estimate.

Can those small investment companies afford high prices? I really don’t know what the two world’s top rich people think!

The funds that can be raised by issuing 100 million shares are far lower than their expectations. Is this enough for the company to develop?

Who doesn’t know that Internet technology companies are the most expensive at the beginning. Of course, if they make money, then the speed of making money will be very fast.

The financial companies that were inquired were overjoyed. They never expected that they could be inquired. But what they didn't expect was that these underwriters actually hinted that they subscribed more.

What does it mean? There is only so much circulation, and they subscribe to so many is not enough. Could it be that the underwriters here have the right to place the right to place the right to place the right to over-allotment?

In fact, there is no such thing as the placement rights in the end, two companies decided on their own.

This time, Goldman Sachs did not become an underwriter or sponsor, not because of a minor accident in the last issuance of Guge Company's shares, but because they requested the right to place the placement.

The placement right, that is, in the case of oversubscription, the underwriter can decide how much to sell to.

For example, if 100 million shares are issued, but the subscription amount reaches 200 million shares, what should I do if these 100 million shares are not enough to share? This requires a decision on who to sell these shares to and who to choose to be the shareholders of the company.

Feng Yu discussed with Kirilianko and chose small financial companies or banks that were about to be ruined. The benefits were also clearly explained to Kirilianko, and of course the disadvantages were also clearly explained.

Kirilianko has the same choice as Feng Yu, and these small companies are just for them to suffer a big loss.

I don’t know what expression these companies will look like after seeing the stocks they bought with great enthusiasm and finally fell below the issue price.

Even Kirilianko suggested that if there are more oversubscribed items, then more money can be issued to these small financial companies or banks to make them pay more.

And you must continue to release some good news after the silent period to make them happy first. When the stock price really falls, they will cry.

In the end, Facebook's issue price was set at $24 per share, and Twitter's issue price was $14 per share. This was also the result of discussions between these underwriters and Fengyu Holdings and Polar Bear Holdings.

Originally they wanted to set a higher position, but Feng Yu did not agree. In fact, Feng Yu thought that it could be sold, but the amount of oversubscribed may not be that many, so these small financial companies and banks will not be able to cheat.

Only by bankrupting these small financial companies and banks can the US financial crisis become more serious, have greater adverse effects on the US economy, and narrow the gap between China, Russia and the US economy more.

On the day of the listing, it was very lively. Zach Jr. and Evan from Twitter rang the bell together, and both of them looked red.

The result was not as expected by Feng Yu. As expected, the number of subscriptions exceeded the issuance volume. At this time, the two companies also chose their new shareholders according to the requirements of Feng Yu and Kirilenko.

Those investment institutions that bought stocks were overjoyed, while those who had not bought or sold were confused. They had subscribed so much, but they didn't get a single share?

Why do those small financial investment institutions and banks get so many stocks?
Chapter completed!