“We, Dawan Capital, pledged to raise 5 million!”

"Lowling Ventures, 4 million!"

"Fidelity, 24 million! Fidelity Magellan Fund, 2 million!"

The voices of a group of people in Boston interrupted the discussion at the meeting. Especially after Fidelity Smith's words came out, everyone's eyes focused on him.

"The 27 million that Mr. Black just mentioned is us..."

Facing everyone's surprised looks, Smith smiled and continued to hit:

"In addition, we at Fidelity are honored to have reached a market-making contract with HT Company and sell HT Company's stocks on our behalf!"

As soon as these words came out, the faces of representatives from Goldman Sachs and other major investment banks darkened visibly. The New York Stock Exchange is different from Nasdaq. Although they also have a market maker system, Nasdaq implements multiple market making.

The commercial system means that a company can have multiple market makers serving it. It is not new for some companies to go public and directly tie up forty or fifty market makers.

However, the New York Stock Exchange implements a specialist system with a certain monopoly nature, that is, a stock can only be made by one expert, that is, a market maker. This ensures the minimum liquidity of the stock.

At the same time, it also makes the competition among market makers for high-quality stocks more intense.

At this time, when they heard that the market maker had been secretly pried away by a guy like Fidelity with thick eyebrows and big eyes, the people from Goldman Sachs and Morgan Stanley looked at each other, and surprisingly felt that the other party didn't seem so hateful anymore...

"Haha, it's okay! It's really okay! I said, since you ht have already negotiated with Boston, why did you ask us to come over? Is it a waste of time?"

Listening to the crowd of Bostonians quoting one after another, the Morgan Stanley representative saw his qualification as a market maker being robbed. He was so angry that he couldn't help but made some weird remarks and started running the market.

Carter could only pretend that he didn't hear this and pull him down...

After all, the current situation is indeed a bit like joining forces with Fidelity Investments, and then recruiting a group of boys from Boston to join forces. The people in New York have to suffer the boring losses of high valuations, which is a bit grumbling, and Carter understands.

In addition, Morgan Stanley's reputation in recent years has not been very good. Carter would not want to provoke them unless necessary...

It's just that Carter didn't say anything. I don't know if it was due to grudges or because the Bostonians wanted to take the opportunity to squeeze out New York capital. It's possible that the Bostonians wouldn't be able to speak:

"If you think it's a waste of time, just leave! There's no security guard to stop you at the door..."

···

···

"Klavis, do you think Morgan's people will do anything after being criticized like this?"

"You plan to intensify their conflicts, and then follow up when Morgan takes action..."

"That's right! Over in Boston... In addition to First Boston now realizing the role of leverage in mergers and acquisitions, people like Fidelity... this ht is a big cash cow! Then we will find that Gina privately

Si Tan, he must not want to live under others for a long time and be suppressed by a little brat, right?"

When one side of the conference room turned into a vegetable market, in another small corner that no one noticed, Roberts from kkr was whispering his thoughts to Kravis next to him.

"Judging from the current situation, the post-transaction valuation of 260 million should be gone. If we raise $100 million in financing, that kid's equity will be diluted to 59.18%. If I can take the opportunity to promote a higher financing amount,

...This ratio will continue to decrease.”

"Next, round B, or after listing... I don't know that guy's complete financing plan, but it is very likely that his shares will be diluted to less than 50%, and then we will..."

"Brother, wait a minute! I think ht is not a good target..."

Interrupting his cousin Roberts' speech, Kravis frowned and analyzed:

"Didn't you notice the reaction of the Boston people just now? That kid probably just took care of Fidelity in advance. I don't know what the Fidelity people said later, which made them instantly change from dissatisfaction to approval.

..”

"You mean, what benefits did that guy promise to Boston?"

"Maybe it's not a benefit?"

Kravis looked at Carter, who was sitting in his seat with his arms folded, looking at the two groups of people... or three groups of people spitting at each other. By chance, Carter seemed to feel the prying eyes, and Carter

At this time, he also turned his head and looked at Kravis...

"I think he has some scary trump card! Think about it, if he promised benefits, why didn't he say it earlier? He had to wait until the meeting started and then Fidelity people relayed it? He is not afraid of himself

Are others dissatisfied with the benefits given?"

He smiled kindly at Carter, and when Carter smiled back and looked away, the smile on Kravis's face disappeared instantly.

"Instead of thinking about how to do mergers and acquisitions with Morgan now, it is better to think about our current income! Those previous investments have made little progress! This time, ht cannot miss it again!"

"You are so optimistic about its short-term benefits?"

Roberts frowned. This cousin who was more greedy than himself in the past actually lost his desire for this kind of cash cow?

What's going on?!

"That's right, from my point of view, this guy can't wait for the B round at all. In other words, he doesn't need or need a second round of financing, right? ht will be listed in a year and a half at most, and then these stocks will

The realized income can at least solve our current problems. As for whether there is a chance to operate it in the future... Let’s see in the future. Anyway, at this stage, you can’t operate it! Its equity is too concentrated!”

"Only companies with dispersed ownership and separation of management and all layers are our best hunting targets. But before that, don't forget that for us, leveraged M&A is not the purpose. We are just unwilling to use 100% of the funds.

When buying a business, money should be spent where it can create value! Don’t go astray!”

"In this regard, I have something in common with this young man named Carter. At least, he understands that only by giving equity to management can the interests of management be aligned with the interests of the company's shareholders. It's just... a bit

Xiaojiazi is angry, he should give more shares to others instead of just giving it to Mr. Jinas. In that case, this company will be almost perfect in my eyes!"

"He has no internal disagreements; his cash flow is stable and sufficient; his production and supply are guaranteed; and the products he sells exactly meet the needs of the market...Roberts, think about it, can you still be in today's market?"

Go on, have you seen a company like this?"

After finishing his half-summary, half-teaching speech, Kravis raised his palms:

"Um...Mr. Black, our kkr wants to invest 4 million US dollars, is that okay?"

I sat on the wall and watched quietly, from the conflicts and quarrels between New York and Boston, to the malicious mergers between the "Black Knight" and the "White Knight". Carter criticized each other. In addition to lamenting the strong geographical differences in this era of underdeveloped communication,

In addition to colors and camp colors.

Facing the collective silence, or in other words, the New York capital representatives who were completely focused on the quarrel, Carter really had no other solution. At this time, he heard kkr from New York took the initiative to accept the chips. He was overjoyed:

"Yes! Of course! Thank you very much Mr. Kravis for trusting us!"
Chapter completed!