Rebirth of the 92 Business Tycoon

One second to remember【】, provide you with wonderful novel reading.

As soon as Andrew said this, in the noisy meeting room, the underwriters who had spoken their opinions suddenly calmed down and swept across the four faces of Google with ease, watching them with great satisfaction. Changes in the face.

Schmidt, who was still standing, was once again pushed to the stage, how dare they?

But they did just that. The threat in Andrew's words could not be better understood. If our conditions are not met, more underwriters will leave.

Of course, as lead underwriters, Morgan Stanley and Credit Suisse First Boston will not be able to go, and they still have to bear the responsibility for the underwriting agreement.

However, for them, this is nothing more than an unsuccessful business, this is unsuccessful, or it is a loss, there are still many opportunities in the future, they can afford to lose.

As far as Google is concerned, this is a major event of destiny, and now I dare not make any mistakes.

In order to go public, the whole company has been up and down for such a long time. The public is also very concerned about the progress of the listing. Under such circumstances, if this listing fails, it will definitely be a disaster.

As we all know, it is easier for American companies to go public than in our country. The public is also aware of this.

Google is not allowed to go public, but since you are preparing to go public, you can't go public. God, how many problems does your company have?

This is probably what Yahoo and Microsoft, which have decided to increase investment in the search field, are most happy to see, and Amazon, which has already decided to set foot in this field, is happy to see it.

Page and Brin were furious, they didn't expect that this event would really happen.

In the past few months, they knew in their hearts that Wall Street institutions secretly hope that Google’s initial public offering (IPO) would be defeated by Maicheng, but of course the Wall Street guys will not publicly express this intention and are responsible for the $4 billion. Dozens of underwriters of the IPO obviously should not make such a statement.

Of course, there is nothing wrong with saying that they hope that Google’s auction-style IPO trial will end in failure.

But now, these underwriters have clearly expressed this willingness.

They once again remembered what Feng Yiping said at the beginning, "Our stock auctions will definitely pose a threat to Wall Street institutions, because it is likely to subvert their business model."

However, they did not expect that their willingness to oppose was so strong.

In fact, the reason is very simple. Under normal circumstances, US underwriters can obtain nearly 6% of the issuance gross profit in IPO transactions. However, if the IPO auction model becomes popular, their sitting-and-seeking pattern will be broken.

Fund managers also hope that Google's IPO results will be unfavorable, because if the IPO auction model prevails, the good times of these fund managers buying new stocks at low prices and taking the opportunity to arbitrage will be gone.

It’s just that the underwriters feel a little strange that the richest man in mainland China who is also a major shareholder of Google, the young Feng Yiping, although his head is down, is not too angry, it seems to be a little excited. ?

How excited is he under such circumstances?

The two on Dune Road, this will be the same stakeholder as the four Google’s, Michael Moritz of Sequoia Capital. He didn’t wait for Page and the others to say anything out of control. He knew very well the personalities of those two. , They hate coercion most.

In fact, he and John Durr also hate such intimidation. What is helpless is that the US listing system is like this. These underwriters composed of Wall Street guys are the most important link, and they can't break it.

He rushed in front of Page and said, "Andrew, might as well let us listen to your specific requirements,"

"From 2000 to the present, the average cost of IPOs in Silicon Valley over 1 billion US dollars was 5.8%. We..."

"It's totally useless," Page has stood up. "Some banks want to sell our stock."

What he said is actually quite good. Even Morgan Stanley and Credit Suisse Boston, who led the crowds today, fought fiercely with other companies in order to get the position of the lead underwriter of the IPO, but they did not expect that they are today. Completely stand on the opposite of Google.

"We have been preparing for such a long time. We don't mind waiting for another half a month and a month. At that time, we will definitely form a better underwriter team."

This is his temper, paranoia, decidedly very, big deal to overturn the table and reorganize the game.

Otherwise, they will not make a decision to withdraw from the mainland.

Now, the relaxed guys are a little uncomfortable, and what Page said is really not impossible.

Although everyone secretly expressed their intention to boycott Google’s IPO, they are their family members who know their own affairs. There are too many fraudulent things on Wall Street. Sometimes they can’t guarantee that they have signed an agreement, not to mention such a loose alliance. ?

They are very sure that as long as Google is sure to kick them away from another team, there will definitely be a large number of people who will hear the news. Some companies do not think that the income is low. What they care about is that an IPO of Google's size can make them climb into the IPO rankings. The top of the list.

However, Page also made it too simple. Even the listing application and prospectus must be submitted with the approval of the lead underwriter. This involves a serious verification of the situation described in the relevant documents.

Changing the lead underwriter is equivalent to starting from scratch. It is really not a problem that can be solved in half a month or a month.

And now Google is also short of time, it is conceivable that the long delay in listing will naturally not leave a good impression in the minds of the public.

David glanced at Andrew, and I knew it would look like this, "We..."

They made such a request in order to gain more benefits for themselves, not for a lose-lose ending, but they did not expect that Page was so staunch and didn't want to bargain at all.

His words were interrupted again. Page said that he was sorting out his files on the desk, as if he was about to leave, "I don't want to hear any more..."

At this time, a hand was placed on his shoulder and he pushed him back, "Peige, let me say a few words," Feng Yiping stood behind them.

Seeing Feng Yi's calm and calm appearance, Peppa also calmed down and sat back.

"Andrew, David, can you two represent the opinions of all underwriters?"

"Of course." Such a natural answer, I don't know what happened. When Feng Yiping asked, Andrew hesitated inexplicably.

Why does he ask this?

"I understand," Feng Yiping nodded, "I will repeat the two opinions again. Your biggest opinions, including the underwriting costs are too low. In fact, the core problem lies in dissatisfaction with the underwriting terms, right?"

"Yes," David also hesitated, "We have limited returns, but it seems that the subscription of stocks may not be too optimistic. It is very likely that we will have to raise funds to buy stocks. We cannot accept this situation."

"Yes," Andrew said, "We are helping Google's IPO. If the final result, if all of us become shareholders of Google, this will definitely be the biggest joke in the industry."

Some people laughed, and Feng Yiping also laughed. This is indeed more ironic than stocks and stocks becoming shareholders.

"So, if you don't let you underwrite, will we have no problem?" He didn't walk around again, and sat down in his seat.

"No need to underwrite?" David and Andrew discussed again, this time it was a real negotiation.

Peppa is a little anxious ~www.wuxiaspot.com~Feng," he whispered.

"Don't worry, it's okay," Feng Yiping replied with a smile.

David and Andrew over there did not have any disagreements on this issue. Obviously, they have just tested Google's bottom line and raised the cost. Don't think about it. If they don't underwrite, then they really have no risk.

Feng Yiping's condition should be the last step. If it is not met, then the final result is afraid that he will not be able to step down.

They quickly solicited the opinions of other underwriters. Soon, Andrew stated on their behalf, "If the underwriting clause is cancelled, we have no other opinions."

"Of course, we promise that we will do our best to fulfill our duties and sell more stocks,"

"That's good," Feng Yiping patted the table. "You don't have to worry about the stocks that cannot be sold. If the sale is not finished, I will cover it all!"

Including Page and the others, everyone was in an uproar. Mobile users please browse and read for a better reading experience.