Chapter 333 Fidelity's concerns
Carter smiled like a little devil...
My eyes wandered back and forth on the Fidelity duo...
No matter how many good words you say, it is better to give us a high valuation directly! If Fidelity can give us a valuation of 300 million, Carter will immediately believe that Fidelity is his good friend!
Anyone who objects will be hacked to death!
"You are too impatient... How much did our former colleague give?"
Suddenly, General Carter's Peter Lynch felt a little embarrassed.
Before coming, the two of them called their colleagues in the Memphis office. They learned that they had given a valuation of 160 million, but there was no follow-up from ht. They were obviously dissatisfied with the valuation.
But the two people who were intercepted by Carter as soon as they got off the plane and brought to the hotel did not know what the valuation given by other institutions was. If you say it is low now, even if it is an intentional valuation, you say it is low...
.
Didn't that mean he slapped himself in the face with a rounded hand? He just said it so nicely, but when he saw it, hey...
But if you just talk and overestimate the valuation...
"One hundred and sixty million! The valuation given by the previous group of people at Fidelity, however, is obviously too low! If this is done, I might as well go directly to Soros and the others and get it together privately, that's it.
It’s out. Even if it’s not as much as what your organization provides, the development is enough!”
Carter smiled brightly, with a little innocence in it...
Although everyone knows it well, let alone the relationship between Carter and Soros. No matter how good the relationship is, others can invest in you, but how much you invest... it is definitely not as good as an institution! Even pitifully little...
After all, even people worth billions may not always be able to take out huge sums of cash in their hands. What should you do when they have nothing to do? Just hold the money in your hand and wait for someone to give you money?!
Reason told Peter Lynch and the two of them that if they were raising funds through smuggling contacts, Carter could raise 10 million, and 20 million would be as high as the sky! Even for a child of this age, it can be called a heifer.
Airplane - awesome!
But they dare not bet! Because...
"Don't forget, my ht currently has no debt, which means that if it doesn't work out, I can still borrow money! And, this is a cash cow!"
"As for financing, I don't really have much interest in it. However, I plan to go abroad recently. If I see a good project, I'm afraid that I won't be able to resist the desire to throw away money. I have to have some money, so I have this IPO.
plan!"
"If it wasn't because I needed cash now, I would have delayed it for a few years. I believe that with ht's qualifications, I can go public directly!"
The originally bright and innocent smile gradually became wilder on Carter's face.
Thanks to Julian's advice, not only did he get a pair of very high-quality investors, but he also gave himself the confidence to face investment banks! When he realized that he was not actually a rural boss, Carter knew
What should I do!
Directly invest in the bank's army!
Either, give me a high valuation, and we can make some money together. Of course, the investment banks actually make a lot of money! Or, I just flip the table and won’t let you play! I will go public on my own!
Anyway, according to the listing requirements of the New York Stock Exchange, the most difficult profit has been achieved. The remaining net tangible assets must not be less than 40 million, the market price of common stocks must not be less than that, and the number of shareholders must be no less than that, etc.
wait...
Are cash cows afraid of this?
At worst, it will take three or four years. To be precise, it won't even take four years. In just three years, we can rely on the cash from profits to slowly expand to this scale. By then, it will be directly listed, and many institutions will not even be able to talk about it.
I can’t even drink it!
"Going abroad? Is that what you said on the phone, going to China?"
After casually responding to Carter, Peter Lynch and Smith's brains were running wildly.
By now, the two of them also understood Carter's intention. He deliberately separated them from the rest of the organization, and then almost forced them to give a condition...
Read the book
There is no time or space left for them to connect with other institutions.
However, Fidelity's situation makes Smith really have no confidence to refuse to answer this question now! Because once he leaves the door of this hotel restaurant, it means the end of the personal relationship.
When they got to the conference room, what could Fidelity do to compete with established market makers like Goldman Sachs for underwriting qualifications?! In other words, to compete for more underwriting shares...
Carter covets high valuations, so why don’t Fidelity covet higher returns?!
"Yes, I graduated from high school this year! I plan to go on a trip as a graduation trip. The first stop is China!"
Smiling and nodding, Carter waited for the two's responses.
Let’s see if Fidelity chooses to give up its own interests to maintain the consistency of investment bank capital...or to backstab the once beloved relatives, friends, and brothers!
"Two hundred million! We haven't seen the professionally audited financial report, so we can only give you 200 million at most!"
After a brief hesitation, Smith took the lead in giving the quotation, and then saw Carter turning the knife in his hand playfully and said:
"Are you sure? The valuation of 200 million was given by someone very early! That was in the sunny summer last year, when we didn't even have fifty stores..."
Knock on you!
Smith almost yelled when he heard this: Who the hell is 250 that gives such a valuation?!
Last summer, HT had 20 stores in operation. For such a big scale, 200 million would be given?!
What about risk control? What about compliance? What about analysis and judgment???
"Mr. Rogers invested, right? Mr. Black, the value orientation of individual investors is different from that of institutions. You can't compare the judgments of individual investors to institutions!"
Holding down Smith who was about to go berserk, Peter Lynch chuckled and exposed the dirty little plot in Carter's words...
Individual investors?! That’s okay...
After realizing that he almost fell into the pit, Smith straightened his clothes and looked at Carter again with a much more solemn look. Even with the change from "Carter" to "Mr. Black" in Peter Lynch's words, Carter also realized,
These two are serious!
"Compared to the subjectivity of individual investors, institutions are rigorous, and we do not give valuations just by talking about it. Mr. Smith just quoted you 200 million, and he will face inquiries from the company later, and there will be one after another.
Whether it can ultimately pass the review will still require Mr. Smith to lobby hard..."
"I understand, I understand. But I believe that with ht's qualifications and through these evaluations, there will be no problems with the review! Before this, have you seen a chain restaurant company that can do what ht does?"
Carter raised his hand and interrupted Peter Lynch. Then he reached out to Genus:
"Mr. Genas, please show our humble annual report from last year to these two gentlemen!"
After the Fidelity duo received the report, Carter continued:
"Leave aside profits, let's look at this..."
Chapter completed!