Rebirth of America, this is my time

"Going public?"

This topic surprised Evelin.

The girl glanced at Ethan, then smiled and said: "Oh, Principal Fred, if my perception is not biased, then I think our company should not meet the standards for listing, right?"

"Ethan, I remember you told me that if you want to be listed on the New York Stock Exchange, you must meet several conditions, and among those standards, we don't meet several of them?"

The girl asked the question to Ethan.

Ethan nodded repeatedly and said: "Yeah~"

"Principal Fred, although our company's income has met the requirements of the New York Stock Exchange, our company's registration period is not long enough. This is a flaw..."

Although the U.S. stock market talks about being easy on entry and strict on exit, it does not mean that all companies can be listed. It still has certain standards. In this era, if you want to be listed on the New York Stock Exchange, you must first meet the requirements that the company has been established for more than three years. The hard standard of the year, and for this alone, Destiny Game does not meet it.

As for other aspects...

Ethan admitted that, as the old principal said, they are indeed a high-quality enterprise now.

Because the current income requirements of the New York Stock Exchange for applying companies are as follows: In the past three years, the cumulative pre-tax income must be no less than 10 million, and in the past two years, the annual income must be no less than 2 million.

And the game of fate...

The North American revenue of "Pac-Man" has exceeded double the total standard.

Not to mention the current "Star Wars", the guarantee can exceed four or five times.

"Oh - you two are really -"

How could Evelyn and Ethan's harmony be hidden from Fred Terman?

When the siblings insisted on the reason that the standards did not meet the standards, Fred Terman already knew what they were thinking. After waving his hand, the old principal smiled helplessly.

"You two don't think I'm here to be a lobbyist for those Wall Street guys, do you?"

"Oh - why do you think about this?"

"You decide for yourself whether to go public or not. I'm just sending a message to some friends..."

With the old principal's narration, Ethan and Evelin figured out the whole story.

It turns out that when people all over the United States were crazy about "Star Wars", the game of destiny also became the focus of many people's research, and the most enthusiastic ones were Wall Street investment banks.

Investment banking, the full name of investment banking, if you want to trace its origins, you have to go back three hundred years.

At the end of the Revolutionary War, the federal government was actually in a mess. Because of the war, they were burdened with debts of nearly 30 million U.S. dollars, and the currencies in private circulation were even more diverse. In order to save the shattered finances, then-Treasury Secretary Hamilton had a bold idea, which was to use America's credit as a guarantee to issue new national debt to repay various old debts.

If this kind of thing were placed in the 21st century, it would be completely normal, because Ethan clearly remembers that before he traveled through time, America had increased its debt ceiling for the seventy-eighth time, pushing the total debt to three Eleven point four trillion. But three hundred years ago, this kind of behavior was simply daring. Therefore, in order to ensure that the bond issuance could proceed smoothly, a large number of brokers poured in, building a financing bridge between the American government and private investors.

And this is actually the original investment bank, which can also be said to be an investment banker.

When the issuance of bonds was carried out steadily, America's economy immediately became active. The rapid development speed in turn promoted the vigorous growth of the capital market. When people developing industries focused on resource extraction, transportation, energy drilling, etc. When there is demand, the two products of joint-stock companies and public financing (IPO) will truly enter the stage of history.

At this point, finance has become the real force flowing in America's veins. Those financiers who started from underwriting bonds, stocks, and various bills and accumulated a lot of wealth and connections have since then made great changes on the stage of world history. The most classic story is that Morgan formed a giant consortium in 1900 and once controlled 65% of America's steel production.

This gluttonous feast of pricing power came to an abrupt end in 1933. The "1933 Banking Law" stipulated that investment banks and commercial banks must be separated. Commercial banks are not allowed to carry out issuance and underwriting business, and investment banks are not allowed to accept deposits from depositors. For this reason, Morgan could only separate its investment department from the bank and established Morgan Stanley. Then, Goldman Sachs and Lehman also carried out the split, choosing the investment banking business they were most familiar with and best at. , modern investment banking finally emerged.

“When these investment banks were unable to absorb public deposits as before, equity financing, bond financing, and mergers and acquisitions became their main sources of income...”

President Fred Terman said with a smile: "Because when investment banks do these things, they will charge a certain commission based on the size of the transaction. For example, if a company raises 100 million in funds, the commission will be calculated as a percentage. With a 2/2 ratio, they can get a reward of two million."

"As for why they are targeting you..."

"It's like what I just said, you guys are doing so well."

"Your business is so beautiful that they are very attracted by it."

"So...Morgan, Goldman Sachs, First Boston, Lehman, Merrill Lynch..."

"They all came to ask me."

Speaking of this, Fred Terman turned his attention to Ethan and said: "Although the current Destiny Game does not meet the listing standards of the New York Stock Exchange, the Nasdaq next door to the New York Stock Exchange can easily accept you. . Because the standard there is that the applicant company can be listed if it has two years of operating history.”

"If I remember correctly, Santa Clara-based Intel went public on Nasdaq in 2071? They even raised $8 million without a product."

"Now, if you throw the game of fate up there..."

At this point, Fred Terman fell silent.

Although he chose silence, Ethan could also guess what would happen next.

When a small company like Intel can raise nearly 10 million on Nasdaq, it is impossible for a company like Destiny Games with a cash reserve of tens of millions to be valued at less than 500 million!

No matter how much you underestimate it, it can't be smaller than the apple in Ethan's previous life!

It is common to raise 100 million yuan, and it is not impossible to raise 200 million yuan. Even in this case, those people who come to buy stocks with their swords can fill the entire Pacific Ocean!

When the trend of chasing the wind appears...

Those Wall Street financiers can easily earn huge commissions!

This……

In fact, it is equivalent to picking up money for nothing!

"So what do you think about this?"

After coming out of the old principal's place, on the way back, Evelin leaned on the passenger seat and said, "We are being targeted by Wall Street? Wow - this is really good news!"

Although she was smiling, her tone was exaggerated.

If that performance was put into a stage play, it would even win a Tony Award.

Because she interprets sarcasm vividly.

Ethan did not answer immediately, but asked: "What do you think of this matter?"

Before the words could even be finished, a rude voice came out——

"Son of a bitch!"

This comment vented Evelin's inner anger and made Ethan laugh.

That's right!

Ever since Evelin heard the word listing, she had been very unhappy!

Although she did not study finance, she is not a fool either!

Of course she understood that when they had a lot of cash in hand, those on Wall Street came to ask them if they wanted to go public. It was not to help them raise cash at all, nor to help them expand their reputation. They were just greedy and wanted to share it. The huge profits they reaped!

This……

What's the difference between it and Mingqiang?

"MFxxk!"

The girl patted the handlebar hard, "Ethan, you know, I was in a good mood when I came here!"

"But when Principal Terman said that Morgan, Goldman Sachs, Lehman, and Merrill Lynch were all targeting us, I felt like a fire was burning in my chest! It made my whole body hot! My throat was smoking!"

"Are these people used to sucking blood?"

"Can you ask us such a stupid question?"

"And Principal Terman!"

"How could he help these people pass the message!"

Evelin is almost furious!

"Star Wars" has just exploded in North America not long ago, and these moths are surrounding it like maggots that have smelled a fishy smell? This is really disgusting!

And her outburst also made Ethan glance at the center rearview mirror.

After discovering that the girl had no other extreme behavior except cursing and slapping her, he also slowed down the car and said, "Oh~ my dear sister~"

"When something like this happens, we should be happy."

"What? Are you happy? Are you out of your mind?" Evelin immediately turned her head, her eyes as wide as bells.

Ethan chuckled and shook his head, saying: "Of course my mind is not broken."

"The reason why I say this is because our success has been recognized by the top interest groups in North America. When Wall Street starts to pay attention to us and take the initiative to contact us, it proves that we have gained even those 'elites' Everyone is greedy for the benefits.”

"Shouldn't we be happy when something like this happens?"

Ethan's words made Evelin roll her eyes.

The girl was too lazy to pay attention to him.

Because they two are not talking about the same thing.

What she said was clearly that the greed of the elite is disgusting.

But what Ethan expresses is that the elite's concern is a kind of approval.

That’s not true!

Ethan didn't care about these details and continued: "Although the matter is disgusting, I don't think you need to be so angry, because whether it is listed on the market or not is not their decision, but our own decision."

"As long as we don't want to go public, no one can force us."

"As for Principal Terman..."

"I think he means well."

"He is reminding us to be careful in what we do in the future, because the people who are targeting us may not only be our current opponents, but also some greedy maggots..."

Yes, Ethan also found the inquiries from those on Wall Street a bit disgusting at first.

In other words, he worked in finance in his previous life. He knew that these guys coaxing him to go public was only the first step. Next, they could also gain profits through a series of methods such as public shareholding, short selling by public opinion, and bullish advantage.

And those late moves are the real source of profits for financial capitalists.

But after Ethan went through the whole thing, he discovered that the wolves on Wall Street could not threaten them for the time being, because whether to go public or not was completely free.

Like Koch Industries, Mars, Cargill, Bose...

These are world-renowned unlisted companies.

When they can live well without external funding, no matter how powerful Wall Street is, it will not threaten them.

So, Wall Street wants to ask them if they want to go public?

Then let them ask!

Are they greedy?

Then let them be greedy!

As long as they don't go public themselves, they are invincible!

As for what others think?

What does that have to do with them?

However, even so, Ethan still muttered something in his heart——

‘Special code! ’

‘This group of beasts that don’t create value are truly a group of vampires! ’