Recast youth

Chapter 1744 Temporary job assignment

30 minutes before the road show starts.

The banquet hall has been filled with people, and bankers led by underwriters such as Goldman Sachs, Merrill Lynch, Credit Suisse, etc. are also paying attention to this scene, and they are discussing investors' confidence in Lanshan Company, because the investors who came There are too many. From the original about 500 people, the number has increased directly to more than 900 people now. This means that most investors are very optimistic about the prospects of Lanshan Company.

Wen Yueqi and others were also watching this scene.

"There are really many people here."

Hou Yao saw that there were several domestic media entering the venue, such as Xinhua News Agency, Reuters, and other media. He couldn't help but said to Ye Feng beside him: "Brother Feng, you really want to go out in the country this time." It’s a big hit. Did you see that a lot of domestic media are here, including Xinhua News Agency and Lutu News Agency, etc., all looking for seats.”

Ye Feng took a look in the direction Hou Yao pointed, and sure enough he saw many domestic media coming in, as well as some foreign media, such as the New York Daily News, the Economic News, and TV stations like CNBC (American National Broadcasting Corporation Cable Network). field.

Seeing this, Wen Yueqi thought for a moment and said to Ye Feng: "Judging from the situation on the scene, investors' demand for the listing of Lanshan Company is relatively strong. How about we find a few underwriters at night and discuss the listing together?" Will the price be adjusted again?”

"Can it be adjusted further?"

Ye Feng was a little surprised.

Wen Yueqi nodded: "Before the final listing, adjustments can be made. In the road show itself, the popularity of investors can raise the listing price to a certain extent. Ultimately, our purpose is to sell the company's stock price. As long as someone is willing to invest and foot the bill, that’s it.”

Ye Feng was a little moved when he heard this, then looked at Yang Qingzhi and asked, "What do you think, should we raise the listing price again?"

"better not."

When Yang Qingzhi heard this, he shook his head calmly and said rationally: "Although judging from the number of investors entering the market now, the market has confidence in Lanshan Company's listing, you yourself do not plan to issue many shares. , accounting for only 10% of the company's shares, it would be meaningless to raise the issue price any higher. However, on the contrary, if Lanshan's IPO is priced at a lower price, it will allow the largest and most persistent institutional investors to make an attractive entry point. By holding stocks, you can attract and retain these investors for a longer period of time. Similarly, if Lanshan maintains a more conservative revenue forecast, providing more room for future performance and expectations to increase, the potential of its stock will be Buyers will be more confident, and ultimately, Lanshan's IPO buyers will bring together more of the biggest and best (i.e., most persistent) institutional investors."

"Not only that."

Yang Qingzhi continued: “Lanshan’s IPO is low, in addition to attracting the largest and best long-term holding institutional investors, it can also attract an influx of retail buyers, making them less short-term, and at the same time making shareholders There is greater confidence in outperforming the market, thereby strengthening the shareholder base, whereas if the IPO price is too high, it is equivalent to shutting out retail buyers."

Saying that, Yang Qingzhi smiled at Ye Feng and said: "And after the IPO of Lanshan, nearly 75% of Lanshan's equity is still in your hands, and the appreciation will be accompanied by the appreciation of 75% of the stocks in your hands. , so it is unnecessary to raise the IPO price again."

Yang Qingzhi’s words were very concise.

In just a few words, the choices that Lanshan Company should make at present are revealed. Sometimes, we should not focus on immediate interests, but on future interests. Short-term investors hold Lanshan Company's stocks for a long time and do not trade frequently. , there is basically no one selling in the securities market, and it is in circulation, which undoubtedly means that Lanshan Company's stock is very optimistic.

If you want to buy Lanshan Company's shares, there is only one way left, which is to buy them from others at a price much higher than the market price. This transaction is undoubtedly too high for Lanshan's stock price.

"Brother is right. My idea just now was a bit radical. In essence, long-term investors are indeed the best investors. Entrepreneurs need to listen to the voice of the market, but the most profitable is not always the best. Lanshan’s IPO price is still at US$45 per share, don’t move it.”

After what Yang Qingzhi said, Wen Yueqi also realized how radical she had just been, because investors in the public market can buy or sell a certain stock every day, which allows them to constantly compare the stocks of different companies, not only These investors and Wall Street analysts are also tirelessly doing these boring jobs every day, focusing on using price as a variable to predict value.Another point is that Ye Feng only plans to circulate and issue 10% of Lanshan's shares this time, so there is really no need to temporarily increase the IPO price again.

"Well, as you say, the issue price will remain unchanged."

After taking into account the opinions of Yang Qingzhi and Wen Yueqi, Ye Feng did not plan to change the listing price anymore, because the shares that were circulated were small shares, and the 75% of the shares left in hand were the big shares.

Therefore, there is no need to worry about the 10% of outstanding shares.

At the same time that Ye Feng, Wen Yueqi and Yang Qingzhi were discussing the price of Lanshan's IPO again, the banquet hall was already full. Not only were the seats full, there were many people sitting without each other, standing at the end of the banquet hall. noodle.

The number of people is very large.

Ye Feng looked at the limited edition Charade watch on his wrist. It was 9:10 in the morning, and there were still 20 minutes left for the roadshow promotion meeting. The English version of the introduction video of Lanshan Company had already started on the big screen.

And at this time, staff members also came over and whispered to Yang Qingzhi and Ye Feng to get ready to go on stage.

Yang Qingzhi glanced at the introduction on the big screen and Tao Zuizi, who was watching the introduction video of Lanshan Company below, and smiled and whispered to Ye Feng.

"You are the founder of the company. Now you should be the first to go on stage at the IPO road show. How come now, I have to be the first to go up and give a slide presentation?"

"You should go up."

Ye Feng said: "You are Lanshan's CFO (Chief Financial Officer). If you don't go up, who will?"

"I'm Lanshan's CFO? How do I know what happened?"

Yang Qingzhi was a little stunned.

"Just now."

Wearing suits and tall figures, Ye Feng and Yang Qingzhi stood side by side at the steps where they were about to take the stage. They smiled and whispered: "My company is short of people now. Wang Xin alone can't handle it. The management is also seriously short of people. So you have to help me hold on to the situation, I don’t trust anyone else except you."

"I'm busy too..."

Yang Qingzhi said with a smile and a headache: "My Mr. Ye, please don't put more burden on me. Since we just acquired Hilton Hotel Group, Maple Leaf Fund is currently short of funds, so I have to provide financial consulting services to I really don’t have time to do it…”

(End of this chapter)