"Congratulations, Lin, your company has become the second largest blue-chip stock in Hong Kong by market capitalization!" Huang Yongwei of Goldman Sachs said excitedly to Lin Qi.

"Thank you!" Lin Qi nodded and said, "There is also your Lao Huang's credit!"

Huang Yongwei was stunned when he heard this, and soon became ecstatic, because Lin Qi thought that the credit belonged to Huang Yongwei, rather than being grateful to Goldman Sachs.

That means that in the future, most of the business of the new entrepreneurship department will be handled through him, and the bonus will also be soft.

You must know that this time, Goldman Sachs finally earned a commission of only 50 million yuan in the underwriting issuance, which was discounted. However, Huang Yongwei is extremely optimistic about the new venture publishing company, and did not sell all the shares underwritten to the market, but decided to let Goldman Sachs Hong Kong hold 3 million shares.

These three million shares alone have earned Goldman Sachs more than 150 million yuan in profits, which is far more profitable than the underwriting and issuance business. In fact, this is also the cunning of the lead underwriter, others work hard to compete for the IPO share of the new shares, but the lead underwriter is equal to the wholesaler, the issued shares are first handled by the lead underwriter, in a profitable situation, such an issuer like Goldman Sachs, will also grab the share of other subscribed institutions and retail investors, eat a part of the IPO shares, after listing, as long as the stock price is higher than the issue price, you can earn a lot of profits.

This time, Huang Yongwei earned a total of more than 200 million yuan for Goldman Sachs, which is higher than the total profits earned by Goldman Sachs in Hong Kong over the years, so Huang Yongwei himself also got a big red envelope, which is 5 million Hong Kong dollars. It can be said that if it is not too greedy, this big red envelope has solved its financial freedom problem. Of course, Huang Yongwei is still a very enterprising person, and he still wants to continue to make more money, but for those who underwrite and issue business like him, ability is secondary, and the key is his connections! Customers appreciate their faces and are willing to hand over their business to him, so that even if there are many people in Goldman Sachs, their position cannot be shaken.

"Mr. Lin, rest assured, in the future, as long as I Huang can do things within the scope of his authority, I can do it!" Huang Yongwei is even more flattering to Lin Qi, his parent than Goldman Sachs. Because, as long as you have customer resources in hand, even if you don't work at Goldman Sachs, you can become a big man in the industry by changing platforms, such as Morgan Stanley, UBS, etc.

For Lin Qi, it is more important to befriend Huang Yongwei and value the platform of Goldman Sachs. Of course, since I have cooperated with Huang Yongwei for the first time, I will hand over the business to him in the future and support an acquaintance to climb up the Goldman Sachs system, which is also a win-win thing. In other words, Huang Yongwei jumped from Goldman Sachs, then the use value will be greatly reduced.

After all, Goldman Sachs employees are just like government officials, when you are in office, others look up to you, not because they identify with you as a person, but because they recognize the energy behind your organization.

……

On the second day after the listing of New Venture Publishing Group, the opening stock price rushed to HK$88.82 per share, but there was soon a wave of diving, and the stock price fell below HK$80.

At noon, the new start-up publishing company announced that it would establish a joint venture in Japan to translate and sell the copyright of Chinese comics in the Japanese market. At the same time, the company will use the raised funds and high-quality copyright resources to invest in animation, games, film and television, and fully tap the derivative value of popularity and comic copyrights. In other words, the company's future development goal is not only to be a publishing company, but to develop in the direction of internationalization and full copyright development.

"We believe that a valuation of more than HK$10 billion is not necessarily a bubble. Zhang Dahai said, "After all, we are not just a publishing company, according to the model of interaction between Japanese manga companies and the animation industry, the success rate of popular comic adaptation animation is quite high, and most of the world's most popular animations, such as "Astro Boy" and "Doraemon" are adapted from comic works. At the same time, the game industry is a huge gold mine, originally, our popular copyrights, are authorized to adapt, and now we have raised enough funds to invest in the production of games, our copyright resources, plus, affiliated companies are the world's largest game platform, in terms of adapting games, we have a unique channel advantage. In addition, there are a large number of successful cases of comics and film adaptations, whether it is Hollywood in the United States or in Hong Kong, the Hollywood of the East. Originally, Kadokawa Shoten was only a medium-sized publishing company, but because its president Haruki Kadokawa boldly entered the film industry and adapted his company's light copyright into a live-action movie, it became a rare dark horse in the Japanese film industry that continued to sell well! With comics and copyrights as the basis, we entered the whole entertainment industry, which is our established plan, and it is too limited to financial problems and has been put on hold for the time being. However, the funds raised by the listing have solved the capital bottleneck we need for the next development......"

Zhang Dahai is more concerned about the company's stock price than Lin Qi, mainly because Lin Qi's industry includes the new venture publishing group, but there are more assets. However, Zhang Dahai's finances are completely linked to the stock price and market value of the New Venture Publishing Group. He doesn't want the stock price to fall too much until the ban on restricted shares is lifted next year.

Therefore, seeing the stock price falling, it is impatient to release the good news and support the stock price by drawing a pie.

Of course, in the short term, this positive news is valid.

At the opening of the afternoon, stimulated by the good news, the stock price broke through the HK$100 mark, so that many stock commentators who are optimistic about the market of the new venture publishing company can only pretend that they have not written an article on the rate, and they began to write an analysis article on why the new venture wears the company so awesomely.

Of course, no matter how good a company is, if its stock price is too detached from the company's operating fundamentals, it also contains huge risks.

After the third day of listing, the stock price hit a maximum of HK$118, but then the long funds were exhausted, and then the stock price continued to fall.

With the stock price falling, many investors are gradually sobering up, after all, even if it is predicted in a good direction, the profit of the new start-up publishing company this year will not exceed 300 million yuan. That is to say, the earnings per share do not exceed 2 yuan, but the stock price is as high as more than 100 yuan. Even if it is a high-quality growth stock that has grown tenfold in ten years, it will take at least ten years for its net worth to catch up with the stock price.

Whether it is an investor who buys new shares or an investor who chases up and buys in the early stage of listing, most of the cost of holding is below 80 yuan, and as long as it is higher than the cost of holding it, the sale can cash in profits. Therefore, a large number of profit-taking orders continue to choose to cash in profits, and the next is limited after all, so the stock price naturally continues to fall.

In this regard, Lin Qi did not care, even if it was a model of growth stocks later, Tencent and Baidu experienced a similar situation after their listing. Among them, Tencent has been treated coldly for more than a year, and in the early stage of listing, it even fell below the issue price, and after that, it was ignored by investors for more than a year, and after that, there was a spectacle of getting stronger and stronger, the stock price getting higher and higher, and the valuation was maintained at more than ten times the net assets for a long time.

In terms of the prospects of the industry in which the company is engaged, the development space of the new venture publishing company naturally cannot be compared with that of Tencent in later generations.

But the key is that Lin Qi believes that with his own major shareholder, the growth of the new venture publishing company is not bad.