Chapter 1495 Extra Chips

"Leading the line?"

After hearing Steve Johnson's intentions, Li Mu smiled playfully.

After a while, Li Mu said noncommittally: "Sequoia is the world's top investor in the field of investment, but it doesn't seem to be in the first line of IPO underwriters, right? If Makino Technology is looking for a suitable underwriter, Goldman Sachs, Credit Suisse, Citibank , Deutsche Bank and JP Morgan should be the best choices for cooperation." teve Johnson nodded and said: "I am not entirely here for Sequoia today, in fact, I am talking to you today about the lead agency. thing, on behalf of HSBC."

Li Mu frowned.

"HSBC?" Li Mu asked with a puzzled face: "How could Mr. Steve be involved with a bank in Hong Kong?" teve Johnson smiled slightly: "Mr. Li, HSBC is actually a British company headquartered in London. , but he started in Hong Kong in the early years."

"Okay, I'm ignorant." Li Mu nodded lightly and said, "What prompted you to lead a British company for the IPO of Muye Technology in the United States??" teve Johnson laughed. : "First of all, I have to make a statement to President Li. Although I joined Sequoia, I am an Englishman, and Sequoia is not an American company for a long time now. It is just an international company with its fortune in the United States and its headquarters in the United States. A lot of the capital behind Sequoia comes from Old-Money in the United Kingdom and the United States. To be honest, Sequoia is now spending money for investment, and even has wealth accumulated during the British global colonial era.”

Li Mu shrugged his shoulders and said with a self-deprecating smile: "So, the last time you invested $3.3 billion in Muye Technology, it is very likely that there was also the wealth plundered from China by the British during the Opium War." teve·Johnso Nodding his head very seriously, he said, "I can't rule out this possibility at all."

After that, he explained: "In fact, although the world is creating a large number of new rich people like you, to be honest, in the huge capital sea of ​​trillions of dollars in the entire capital market, Old-Money's share of The proportion may be beyond your imagination, such as families like Rockefeller, how much money they have, no one can count."

Li Mu agrees with this very much. The veteran aristocrats and big capitalists in Europe and the United States often build not a company, but a money empire. The so-called money empire means that the invisible is better than the visible. But directly or indirectly owning shares in hundreds of companies, such assets cannot be counted completely.

At this time, Steve Johnson explained: "The reason why I am here today for HSBC to be the lead company for the IPO of Makino Technology is mainly because of the in-depth cooperation between Sequoia and HSBC. In recent years, Sequoia has invested in Money, the proportion of which comes from HSBC Group has become larger and larger,

Moreover, HSBC has long been involved in the US market, especially the stock investment market. We hope that the cooperation between Sequoia and HSBC will become closer and closer, and we also hope that the cooperation between Sequoia, HSBC and Makino will become more and more closely. Cooperation, then the future common development space must be very huge. "

After speaking, Steve Johnson added: "Mr. Li, you are a doer. In the future, you may create more projects and establish more enterprises. You belong to front-end producers, while Sequoia is an investment bank, mainly investing in projects. It belongs to In the early and mid-term capital operations, HSBC is mainly engaged in large-scale capital operations, especially banking and securities-related businesses, which belong to the mid- and late-stage capital operations. In this way, the three of us can form an industrial chain.” teve Johnso has always emphasized that “the lead bank Qualification is because he is very clear in his heart that with the size of Muye Technology, no investment bank can afford to raise 20 billion US dollars in IPO funds in the future, so what he wants is this "leading bank". It's like the concept of "leading investment" in investment and financing. To put it bluntly, it means to take the lead first.

In any stock market in the world, new shares are the object of much attention, and they are also the stocks with the largest potential profit potential. At the beginning of the listing of most new shares, the price will enter a period of rapid growth. If investors can seize this opportunity , there is a great chance to make a fortune with the car.

However, the stock sale of US stock IPOs is a very interesting thing. Unlike domestic stock listings, US stocks basically do not give retail investors the opportunity to launch new shares.

Domestic stocks rely on winning the lottery from new stocks, and the high probability depends on luck. If you hit, although the number is not large, you can at least make a small profit. This is standard egalitarianism;

However, in the US stock IPO, the stocks are all sold independently by the underwriters with great discretion. That is to say, if the brokerage gets the share of the IPO stock, it can basically freely decide who to give most of the stock subscription opportunities. To some institutions, some stock funds, or to some large clients, these are their own decisions, which means that having the underwriting rights of high-potential stock IPOs in their hands will be a good way to make money for the subordinate institutions of securities companies. Opportunities, but also a good opportunity to maintain major customers.

Especially for a company like Makino, which is highly valued by the world, if it goes public, it will have a lot of room for growth after listing. It is worthy of investors to hold it as a long-term investment. Whoever gets the stock of Makino's IPO will become an investment. Even customers of other brokerage firms may transfer funds to the account of the actual underwriter in order to subscribe for the shares of Muye Technology.

To put it bluntly, the underwriter is like a ticket agent. The more difficult it is to sell tickets, the less interested the underwriter will be. It is like an 18th-tier singer is going to hold a concert. At this time, it is the issuer of the performance. They asked the underwriters to help sell tickets, even if the commission ratio was higher.

However, if the singer of the performance corresponding to the performance ticket is Zhou Jielun or Zhang Xueyou, then the major underwriters must beg the performance issuer, hoping to help them sell the tickets, even if the commission ratio is lower;

If Jay Chou prepares to hold 100 concerts around the world a year, corresponding to 2 million tickets, and if a certain ticketing platform can get more than half of the ticket sources, then their platform data, brand promotion, and user promotion will all benefit. to a great pulling effect.

It is no exaggeration to say that Muye Technology can no longer be used as a metaphor for concert tickets. It should be used as a metaphor for train tickets during the Spring Festival travel period of the railway department.

At present, whoever has obtained the qualification to lead the IPO of Muye Technology will have the right to sell more than half of the train tickets during the Spring Festival travel period, and the train ticket price will be fully market-based. It's just crazy.

Because of this, Li Mu was not anxious about the underwriter at all, and even hoped to use the underwriter qualification as an extra bargaining chip to exchange for greater benefits for himself.

So for such a big thing, Li Mu couldn't agree to Steve Johnson on the spot, so he said to Steve Johnson: "Steve, to be honest, I only know business, not capital, and we have a special team in charge of capital operations. , IPO also has a special team in charge, when to IPO, how to IPO, who to cooperate with, how to price, when to road show, when to ring the bell, these are not things I will worry about. If Sequoia wants to cooperate with us, When the time comes, I can let the team talk to you first.” teve Johnson knows Li Mu’s style very well. Although Li Mu said that he doesn’t care about these things, in fact, the major development strategies of Muye Technology are almost all set by Li Mu alone. IPO, how to IPO these issues, must be Li Mu has the final say.

So he didn't break it, but said with a smile: "In this case, we can establish a close communication mechanism. If Muye Technology is ready to go public, HSBC can provide you with more favorable conditions for cooperation."

Li Mu nodded and said with a smile: "There is no problem with this, we have established in-depth communication, and we will keep in close contact with each other in the future." The more high-end parties are basically the typical Old-Money in Europe and the United States. Some heavyweights behind HSBC and Sequoia will also attend. In addition, there will be some royal families. I don’t know if you are interested. ?"

As soon as Li Mu heard that he was going to a party in London, he subconsciously wanted to refuse and traveled thousands of miles to go to the party. For someone like him whose time was his life, it was simply unreasonable.

But after thinking about it, Li Mu immediately realized a problem. As an upstart in the capital circle, he has never established his own social circle in the capital field. In other words, although he is already a member of the upper class, he has never been integrated into it. High society circles.

At the world level, the real upper class must be divided into three levels. The first level is the well-known high-class millionaires, the next level is the politicians and political families of various countries, and the third level is the deep-rooted few in the world. Famous families of more than 100 years, they not only have money, but also political resources, and even have the ability to control the political landscape.

And now, at best, he has only reached the first level, and the expansion range in the first level is not large. If you want to rise to the second level, or even the third level, you need not only strength, but also opportunities.

However, the party that Steve Johnson is talking about now seems to be a party belonging to the third class. For himself, this is a good opportunity to expand the social circle in multiple dimensions.

After thinking for a moment, Li Mu had already made up his mind. He took time out to visit this party. Just as he was about to agree, Steve Johnso saw that he had not spoken, so he took the initiative to remind him, "By the way, Mr. Li, I just invited Annie Johnson. Miss Hathaway, she has already agreed to participate, and if you can spare time from your busy schedule, you can invite her as your female companion."

Li Mu didn't expect that Steve Johnson had invited Anne Hathaway, but his focus was not on her, so he asked Steve Johnson: "What time?"

"In the middle and late next month, the specific time will be determined in a few days."

Li Mu nodded and said cheerfully, "Okay, I will participate."