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Unlike Morgan Stanley's request for Facebook's cooperation, Goldman Sachs' purpose of joining this gluttonous feast is to underwrite Facebook's stock.

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

They release part of their own stocks, and then let the outside world buy them, and get cash themselves. And because the shares purchased by shareholders are relatively scattered, it will not affect their control of the company in the slightest.

However, it is impossible for them to release the stock directly, especially for a company like Facebook.

Therefore, there are underwriters, who negotiate with the company on the amount of the IPO and the amount of shares that the company needs to pay, and then these underwriters are responsible for the sales.

Another reason is that companies hope that their stocks will sell at a high price, but shareholders may not necessarily buy it. Therefore, the greatest role of underwriters is to sell stocks by themselves, then buy stocks by themselves, and then sell stocks to stir up the company's stocks.

"Generally speaking, underwriters can get 5 to 8 points of underwriting fees."

Because of an accident, Wen Ming, who returned to Tesla headquarters, began to discuss with Cage.

Cage said: "According to Facebook's current capital demands, they need 5 billion U.S. dollars. If Facebook's shareholder meeting agrees to the proposal of Facebook's listing, then we will completely lose the opportunity to increase the capital of Facebook. Morgan Stanley Danley and Goldman Sachs will be their underwriters and will be responsible for selling Facebook shares worth $5 billion when Facebook goes public."

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

Wen Ming frowned and said, "That is to say, because we have no related business, we can't compete with Goldman Sachs and Morgan Stanley for Facebook's IPO underwriting this time?"

Cage nodded and said: "Yes, in fact, except for investment banks of their level, very few people have such business capabilities. Because they are not without capital, and they are very rich in IPO transactions. There may be a possibility that no one buys Facebook stock. At that time, they will need to use a lot of funds to speculate on the stock price.”

"Otherwise, if the price of Facebook stock they get is lower than market expectations, then they will have to bear a lot of losses. This is not unprecedented in the history of Nasdaq. Moreover, similar to Goldman Sachs With investment banks like Morgan Stanley, they have great connections,

To put it simply, I know a lot of rich people. "

"These rich people can become their customers and help them buy Facebook's stock. Not only do they know that Facebook will be valuable in the future, but many people also think that Facebook's future will be very valuable."

Wen Ming 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?

"Since Facebook's future is very valuable, then I must get Facebook's stock."

Wen Ming said seriously: "I have already told Sith that he will arrive in Silicon Valley today, and then you can communicate with him about the situation."

Cage was stunned for a moment, and then said: "Boss, even if we used to be roommates, joining Apple is considered a back door. But, you can't squeeze me like this, can you?"

"It's not that you don't know the current situation of Tesla. If I don't devote myself wholeheartedly to Tesla, then the crisis facing Tesla may not be resolved. Sith is here, and you can definitely put your Tell him about your demands and difficulties encountered by Mark Zuckerberg, and let him operate it?"

"Let me tell you first, I really don't have time to participate in this capital increase in Facebook's investment."

Wen Ming smiled and said: "I didn't say that you and Sith will complete this capital increase together. When Sith comes, I need to meet Mark with other shareholders of Facebook. So, you only need to put Just tell him everything."

After learning about the purpose of Goldman Sachs and Morgan Stanley's participation, Wen Ming knew that he was blocking other people's money.

But what does it matter?

Whether it's Goldman Sachs or Morgan Stanley, aren't they also blocking Wenming's money?

Since everyone is blocking each other's money, then they need to use whatever means they can. Before he left Facebook headquarters, he had already made an appointment with Mark Zuckerberg, and today's time will be used to meet with other Facebook shareholders one by one.

Whoever those people support is actually driven by profit, and even if Goldman Sachs and Morgan Stanley succeed, the income they get is only a few hundred million dollars. For a company, even companies like Goldman Sachs and Morgan Stanley, earning hundreds of millions of dollars in a few days cannot be ignored.

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

His advantage is not that he has money. In terms of cash, he cannot compare with Morgan Stanley and Goldman Sachs, because these two companies, one of the three major investment banks on Wall Street, also have industries such as banks under their names. exist.

Wen Ming's Apple company is very valuable now, but it is only very valuable. How can he compete with the bank for cash?

Therefore, he hopes that within today, he can get as many other shareholders of Facebook as possible, so that he can ensure that his financial resources will not be cut off by others.

When Cage heard that he didn't need to participate in this incident, he didn't feel a little out of favor, but was very happy. Because the dilemma Tesla is currently facing has not been resolved, whether it is the production link or public opinion, he needs to go all out.

Otherwise, Tesla will lose the trust of consumers, and there are still so many wealthy consumers, then Tesla will have no future.

"Now there is another problem, that is, both Tesla and Apple will go public in the future."

Cage hesitated: "If we sin against Goldman Sachs and Morgan Stanley, I think that when our two companies go public, we may be attacked by each other."

Wen Ming knows what sniping means. When a company goes public, you can spend money to boost the stock price and increase the company's market value. Naturally, it is also possible to drop the stock price of the company by means of throwing money, so that the market value of the company is lower than expected.

This is not a means of harming others, because they can buy as many shares of Apple and Tesla as possible after lowering the market value of Apple and Tesla. Then, pull up the market value of these two companies and profit from it.

Wen Ming 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 of the SEC making trouble for them. In other words, there is no listed company that is not afraid of the SEC.

Cage smiled wryly, 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, and even the middle and high-level managers of their own companies don't necessarily know. In that case, do you think they can be caught?"

Wen Ming was only worried for a moment, then laughed, and said: "It doesn't matter, let them come if they want, whether it is Tesla or Apple, there is sufficient cash flow to use in a short period of time, or They can make a lot of money. Maybe I will never need these two companies to go public."

"Furthermore, if I really need to let them go public, I don't think I need to worry about Goldman Sachs and Morgan Stanley. I don't think I need to worry."

Cage opened his mouth, but didn't speak for a while.

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

Even the U.S. government must treat such a behemoth with care. Where did Wen Ming get his confidence?

Cage's puzzlement was not answered, because it was impossible for Wen Ming to tell him the answer, an answer that no one could know.

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ps: I’m not exaggerating. The 2.5 trillion US dollars is true, and 25% is also true. The data comes from a certain subject. . ) Download Free Reader!!