"Do you think Fidelity will pass?"

At the same time that Consul Wu was arranging work, Carter and Jinas also walked out of the hotel.

"It's hard to say, but I estimate that the probability of success is very high!"

"As you said before, Wall Street has never been monolithic. What's more, Fidelity Investments is a member of Boston Capital and is not from the New York circle. Now the conditions I have offered are all in favor of Fidelity. They really may not

Stick with Goldman Sachs and the others."

Brothers and sisters, beloved relatives and friends?

Isn’t this a matter of adding money?!

What's more, the capitalists have never been loving relatives and friends...

"Then what are your plans to meet with Goldman Sachs, or the investment bank representatives on Wall Street?"

"Hmm... Let's start the day after tomorrow. We'll meet with each company and talk about it. Formal talks... Has Deloitte given a time? As of April 15th, will the first quarter financial report be released?"

"It should be no problem. The workload of quarterly reporting is relatively small. Fifteen days is enough!"

"Okay, let's set it for April 16th! Rent the conference room in advance, and then I will write out the development plan tomorrow, and then make changes as we meet..."

···

···

It is not safe for Fidelity alone to admit its high valuation!

Producing a financial report that has been audited by a professional accounting firm is more convincing than anything else! In other words, having real and gorgeous financial reports and the support of Fidelity, the two work together to negotiate a high valuation.

hope!

So, in the past half month, Carter worked with McKinsey consultants in the morning to tinker with the corporate development planning report for the capital market; in the afternoon, he went to a cafe to drink coffee and brag...

The life was full and tight. It is also worth mentioning that on April 8, Carter received a call from Akio Toyoda. The Toyota Motor Corporation's Georgia plant project was approved within Toyota!

It is said that the reason for the approval is related to the United States once again raising tariff barriers. Carter did not have time to understand the details. Anyway, knowing that this matter has been accomplished is enough!

Going around and around, time soon came to April 16th.

Representatives from investment banks and private equity funds filled the conference room of a five-star hotel. Interestingly, the five stars here are not the five stars in the Chinese hotel rating system, but the ratings derived from the Forbes Travel Guide.

All in all, with the large number of representatives and participating lawyers, an ordinary small conference room simply cannot accommodate the meeting needs of so many people.

As usual, Genas took the lead in speaking on behalf of ht company. It was similar to a weakened version of the road show, telling the participating capital investors about ht's history, revenue, next development plan and long-term strategic goals.

His preaching, which was somewhere between bragging and semi-bragging, did not attract the attention of the various capitalists at all. Listening to him bragging in front of the stage, it would be more practical and intuitive to directly look at the report form in your hand!

The capital representatives who chat with each other are very representative. For example, those who come from New York, the people they chat with are mainly representatives from other companies in New York. Of course, except for Goldman Sachs and Morgan Stanley...

"Demon Town Museum"

"Mr. Black, Mr. Genas! I want to confirm one thing first. After the A-round financing, you will acquire the Tennessee food company that supplies semi-finished products to HT, right?"

"That's right, a wholly-owned merger! From now on, the two companies will be one! After the food company merges with ht, a new production management department will be formed. This can be written into the financing contract!"

Jinas's affirmative speech made everyone smile with satisfaction. A representative from another organization even expressed his attitude bluntly:

"You should have been like this a long time ago! We are partners in the future, and we are not wealthy tigers and leopards... I don't want to know more about other content. We are very clear about the business model and profit model of fast food chains. We are thunderous

Ge Fund is willing to give a new post-transaction valuation of US$210 million and invest US$11 million!”

"The valuation is the same, we offer 8 million!"

"After evaluation, we decided to invest 7 million!"

"We are small, 4 million..."

The effect of merging the two companies was immediate. I just compared it with my inner expectation of 260 million. This is not enough!

Carter's eyes turned to the representatives of major investment banks such as Goldman Sachs who were sitting firmly like a mountain. Compared with ordinary PEs, in addition to the increase in investment value, the underwriting of its stocks is also a major source of profit for these investment banks!

The so-called underwriting and market making is actually the intermediary of stock prices and the second-hand dealer of stocks!

What they do, simply put, is to buy stocks that no one wants for the time being, store them first, and then sell them at a higher price. They will also buy stocks of a certain company when public investors want to buy them, but there are no sell orders in the market for the time being.

, they issue the previously stocked stocks and sell them to investors.

For the seller, it's like you have a house to sell. At this time, you don't know where to find the customer, and you may not be able to find it for a while. At this time, you can sell the house to an agency first and directly

Get the money; for the buyer, now you want to buy a house, but you look around and find that no one seems to be selling it, so you can find an agent...

The role of a market maker in the stock market is that of an intermediary! The more famous an intermediary is, the more buyers and sellers will come to it! So, how does an intermediary gain a good reputation?

An intermediary that provides a good price to the seller, a good product to the buyer, and makes both parties happy is a good intermediary!

The reason is very simple, but in reality, there are too few products that can satisfy both parties!

Let’s take a house as an example. The seller’s house is on the left side of a cemetery and on the right side. There is a smelly ditch behind it. Do you think we can give a good price for this kind of house? Besides, when it comes to selling, whoever buys this kind of garbage house can’t just scold her?!

It is rare to encounter a high-quality white horse stock, or a white horse stock that has not yet been developed. Even big investment banks like Goldman Sachs must be more cautious. This kind of stock is like the kind of newly built school district housing, because the planning has not yet passed, but

Sooner or later, the kind of low-priced school district housing will have to pass!

Once this kind of house is in hand, it is like a treasure for the intermediary! The more they buy, the more benefits they can get when it is hard to find a house on the market!

With the price difference supplement in stock underwriting, there are more potential benefits to attract...

They were in no hurry to follow the offer and, like Carter, their eyes turned to Carter.

After the two eyes met, they separated in perfect understanding:

"Sorry, gentlemen! I have to interrupt you. The post-transaction valuation of US$210 million is too low. This means that I will lose 47.6% of my future income rights and voting rights! Not to mention what will happen after the listing, just look at

At the current stage, based on our current profitability, this means an annual loss of more than four million to nearly five million."

"And what we get in exchange is only US$100 million in cash, which is obviously inappropriate! Not to mention the valuation, where our eyes should be looking is the future value!"
Chapter completed!