Chapter 382 Pre-IPO (First Update, Ask for Recommendation Votes)

Larstreep wears his Armani coat in one hand and his Dulles briefcase in the other, which is old-fashioned and rare in more open areas like California, but Lars has been stubbornly using it. X

I'm a criminal lawyer, and I have to make the judge feel that I can be trusted.

This is what Lars has always asked of himself.

"I am Zhou Guoqiang's defense lawyer and I have asked for access to the new witness statements provided by the prosecution in this case. "The court must give the defence a copy of all the evidence provided by the prosecutor as soon as the defence counsel requests it, and Lars's request is reasonable.

After getting the information, Lars flipped through it on the spot.

"Damn!" Lars angrily slammed the table top in the reference room, startling the courthouse staff.

Lars packed all the materials into his briefcase, "Fanny, let's go." ”

"Where?" Fanny said blankly.

"Go meet that damn yellow-skinned monkey!" Lars said viciously, "The prosecution's new evidence is extremely unfavorable to us, this guy didn't tell us the truth!"

Fanny shrugged, Zhou Guoqiang didn't tell the truth is something that everyone can see, and this is what Lars hoped before, Lars even hinted in his words how Zhou Guoqiang would respond to police interrogation.

It's just that the prosecution's evidence was insufficient before, and Fanny pouted in her heart.

Zhang Chen had lunch at noon, looked at the Golden Gate Bridge and Golden Gate Park, went to Fisherman's Wharf for a turn, and took a few photos of the couple under Union Square and the Pan American Pyramid.

The pregnant woman was tired quickly, and it didn't take long for Su Wenjin to be reluctant to move, Zhang Chen asked Frank to drive back to the Bay Area, bought some ingredients at the Chinese supermarket on the way, and ate at home in the evening.

Back in Palo Alto, Zhang Chen sent his parents home to rest, while he went to Kleiner Perkins on Dune Road to find John Doerr.

Zhang Chen needs to talk to John Doerr about Amazon's listing.

Now all the listing work of Amazon is nearing completion, and Amazon has submitted the information to the New York Stock Exchange for registration.

In other words, if it can successfully pass the registration review of the New York Stock Exchange, after successful registration, Amazon can choose any day to be listed on the New York Stock Exchange.

Tinder and KPCB each hold a 10% stake in Amazon, and half of the 10% held by KPCB is a conditional transfer of it by Tinder.

At present, three underwriters for Amazon's IPO have been found, namely Morgan Stanley, Goldman Sachs and Merrill Lynch.

The three underwriters set an issue price of $18 per share for Amazon stock, the price is expected to be $22 on the opening day, and the market value should be around $400 million on the day of listing. Of course, the real price will not be known until the day the NYSE rings the bell for listing.

Unlike the NASDAQ, the pre-opening inquiry process is very long, generally lasting more than an hour, and the short one can take half an hour, and if the stock is very sought-after, or if the perception of the value of the stock varies too much among traders of various companies, the process may last two or three hours.

Until now, the NYSE inquiry has been a manual bid, not a computer...

So, in old Hollywood movies, those scenes of holding up the phone and waving the slip in the hand and shouting the price can still be seen today, even twenty years later, it is still the same.

Zhang Chen was very satisfied with the issue price, in fact, because of the agreement with KPCB, he did not want the stock price on the day of Amazon's IPO to be too high.

After all, after the IPO, he still wants to buy back the 5% of Amazon's shares at the market price.

The Amazon IPO will issue 3 million shares in the open market, and it is planned to raise about $50 million. Amazon's ability to obtain bank loans will also increase dramatically if it can go public, and Merrill Lynch and Morgan have pledged to provide Amazon with $75 million in loans after going public.

At the KPCB, in addition to John Doerr, three underwriters and market representatives participated in the discussion, all of whom expressed optimism about Amazon's IPO.

But Zhang Chen always felt that some gloom was hanging over his heart.

"As long as there is no financial crisis, there will be no problems with Amazon's IPO!" said Howard Huerberg, a representative of Morgan Stanley, with confidence.

Zhang Chen suddenly got up from the sofa, "What did you say?"

Howard bluffed, "I said there would be no problem with Amazon's IPO. ”

Zhang Chen hurriedly said: "No, it's the sentence you said earlier." ”

Howard wondered: "As long as there is no financial crisis... ”

Zhang Chen patted his head, yes, this is it, the financial crisis!

In the long run, the Southeast Asian financial crisis has led to the withdrawal of hot money from Southeast Asia, and most of the floating capital has returned to the United States, which has objectively prospered the American economy. But in the short term, the Southeast Asian financial crisis will hit the US stock market hard, and in this case, Amazon's IPO is highly likely to fail.

In the face of Zhang Chen's doubts, everyone looked at each other, and Howard wrote lightly: "Zack, you are too worried, there is indeed a little problem in the financial market in Southeast Asia now, but for the United States, there is almost no impact, so there is no need to worry too much." ”

How could Zhang Chen not be worried that after the Southeast Asian financial crisis spread, the Dow Jones index fell by more than 500 points on the same day, forcing the New York Stock Exchange to use a trading suspension system for the first time since 1988.

The Asian financial crisis in this life seems to be more violent and faster than in the previous life, and if you don't hurry up the IPO progress, it is very likely to catch up with this wave of stock market crash, and then you will want to cry without tears.

Zhang Chen said cautiously: "Howard, I don't think this is groundless. Last week, the Thai baht fell below the 1:26 ratio for the first time, and the currency markets in the Philippines, Indonesia and even Hong Kong have also been hit. You know, behind this is Soros's Quantum Fund at work. If we take what happened in Thailand as the first domino, what do you think will happen next?"

John Doerr's face was solemn: "Are you saying that the current financial turmoil in Thailand will spread to the whole of Asia?"

Zhang Chen nodded: "I wrote a paper last year that specifically studied the possibility of a financial crisis in Southeast Asia. Now it seems that this possibility is becoming more and more likely. ”

"Amazon's IPO must be brought forward, not on May 15, but at least until March 15. Zhang Chen cut the railway.

"If the situation in Thailand continues to deteriorate, it is very likely that the Thai government will abandon the Thai baht and implement a floating exchange rate system instead of pegging to the US dollar, and then the US stock market will definitely be greatly impacted, even if it is a temporary stock market crash, it will have a very adverse impact on our IPO. ”

"So, I suggest either bringing forward the IPO to get Amazon listed before the Asian financial crisis takes shape, or postponing Amazon's IPO by a year. ”