Unlike Morgan Stanley's request for Facebook's cooperation, Goldman Sachs wants to join this gluttonous feast in order to underwrite Facebook's shares.

When a company is seeking to go public, the first time it sells its shares to the outside world is called an IPO. The IPO has always been a feast for the founders of this company and the new shareholders in the financing process to cash out.

They give away a portion of their own stock, and then let the outside world buy it, and get the cash themselves. And because the shares purchased by shareholders are more dispersed, it will not affect their control of the company in the slightest.

However, it is impossible for them to put out the stock directly, especially for a company like Facebook.

So, there are underwriters, they agree with the company on the amount of the IPO, and the amount of shares that the company needs to pay, and then these underwriters are responsible for the sale.

Another reason for this is that companies want their shares to sell for a high price, but investors don't necessarily buy them. Therefore, the biggest role of the underwriter is to sell the stock by itself, then buy the stock by himself, and then sell the stock again, and speculate the company's stock.

"Generally, underwriters are able to get 5 to 8 pips for underwriting fees."

Because of the change, Wen Ming, who returned to Tesla's headquarters, began to discuss with Cage.

"According to Facebook's current funding demands, they need $5 billion, and if Facebook's shareholder meeting agrees to Facebook's proposal to go public, then we will completely lose the opportunity to increase Facebook's capital," Cage said. Morgan Stanley and Goldman Sachs will become their underwriters, responsible for selling $5 billion worth of Facebook shares when they go public on Facebook. ”

"And their income can reach about $250 million to $400 million."

Wen Ming frowned and said, "In other words, because we don't have a related business, we can't compete with Goldman Sachs and Morgan Stanley for Facebook's IPO underwriting this time?" ”

Cage nodded and said, "Yes, in fact, except for investment banks of their level, there are very few people who have such business capabilities. Because they are not without capital, when the IPO is traded, they are likely to encounter the possibility that no one will buy Facebook shares. At that point, they will need to use a lot of money to speculate on the stock price. ”

"Otherwise, if they get a Facebook stock that is lower than the market expects, then they will have to bear a lot of losses, which is not unheard of in the history of the Nasdaq. Moreover, investment banks like Goldman Sachs and Morgan Stanley have a lot of connections, and to put it simply, they know a lot of rich people. ”

"These rich people can become their customers and help them buy Facebook shares. Because not only do they know that Facebook will be valuable in the future, but many people will also think that the future of Facebook will be valuable. ”

Wen Ming laughed, the whole world knows that Facebook's stock will be worth so much in the future, but how many people know that Facebook's stock will be so valuable in the future?

"Since the future of Facebook is valuable, I have to get my hands on Facebook shares."

Wen Ming said: "I have already told Sith that he will arrive in Silicon Valley today, and you can communicate the situation with him when the time comes." ”

Cage was stunned for a moment, and then said, "Boss, even if we used to be roommates, I joined Apple through the back door." But you can't squeeze me like that, can you? ”

"You don't know Tesla's current situation, if I don't pounce on Tesla wholeheartedly, then the crisis faced by Tesla is likely to be unresolved. The Sith is here, you can tell him about your demands and the difficulties that Mark Zuckerberg is experiencing, and then let him do it? ”

"First of all, I really don't have time to participate in this investment in Facebook."

Wen Ming smiled and said, "I didn't say that you and Sith will complete this capital increase together, when Sith comes, I need to go and meet with Mark to meet the other shareholders of Facebook." So, you just have to tell him everything. ”

After understanding the purpose of Goldman Sachs and Morgan Stanley's involvement, Wen Ming knew that he was getting in the way of other people's finances.

But what does it matter?

Whether it is Goldman Sachs or Morgan Stanley, aren't they also blocking Wenming's financial path?

Since everyone is blocking each other's financial paths, then all means need to be used. Before he left Facebook headquarters, he had already made an agreement with Mark Zuckerberg that today's time would be used to meet with other Facebook shareholders one by one.

Who those people support is actually just driven by profits, and even if Goldman Sachs and Morgan Stanley succeed, the benefits will only be hundreds of millions of dollars. For a company, even companies like Goldman Sachs and Morgan Stanley can make hundreds of millions of dollars in a few days to ignore.

However, for Wen Ming, does he care about hundreds of millions of dollars?

His advantage is not that he has money, if he talks about cash, he can't compare with Morgan Stanley and Goldman Sachs, because these two companies, one of the three major investment banks on Wall Street, still have such an industry as a bank in their names.

Wen Ming's Apple is very valuable now, but it is only very valuable, how can he fight with the bank for cash?

Therefore, he hopes to get as many other shareholders of Facebook as possible today, so as to ensure that his financial path is not cut off by others.

Cage didn't feel a little out of favor when he heard that he didn't need to be involved in this incident, but was happy. Because the dilemma that Tesla is facing has not been solved, whether it is in the production process or in public opinion, he needs to go all out.

Otherwise, Tesla will lose its trust in consumers, and there are still so many rich consumers, then Tesla will have no future.

"Now there is another problem, that is, whether it is Tesla or Apple, it will be listed in the future."

Cage hesitated: "If we sin Goldman Sachs and Morgan Stanley, I think that when our two companies go public, we may encounter sniping from each other." ”

Wen Ming knows what sniping means, when a company goes public, you can throw money to smash the stock price up, so that the market value of the company will be higher. Naturally, the stock price of the company can also be smashed down by throwing money, so that the market value of the company is lower than expected.

This is not a detrimental measure, because they can buy as many shares of Apple and Tesla as they can after smashing down the market value of Apple and Tesla. Then, pull up the market value of these two companies to make a profit.

Wen Ming frowned and asked, "Aren't they afraid that the SEC will find trouble for them?" ”

The SEC is the US Securities and Exchange Commission, and investment banks like Goldman Sachs and Morgan Stanley are most afraid of the SEC getting into trouble with them. In other words, there is not a single listed company that is not afraid of the SEC.

Cage smiled wryly and said, "Do you know how many companies they have in their hands? You don't know, I don't know, the SEC doesn't know, and even the middle and senior managers of their own companies don't necessarily know. Do you think they will be able to get caught in this situation? ”

Wen Ming was only worried for a moment, then laughed and said: "It doesn't matter, if they want to come, let them come, whether it is Tesla or Apple, there is sufficient cash flow to use in a short period of time, and it can also create a lot of profits." Maybe I'll never need these two companies to go public. ”

"Besides, if I really need to get them listed, I don't think I need to worry about Goldman Sachs and Morgan Stanley, even if I add JPMorgan Chase, one of the three major investment banks on Wall Street, I don't think I need to worry."

Cage opened his mouth, but didn't say anything.

He was really shocked by Wen Ming's self-confidence, you must know that it is the three major investment banks on Wall Street. It can be said that any one of them can affect the U.S. economy, because just one of the three major investment banks, the JPMorgan Chase Group, known as J.P. Morgan in the industry, has total assets of up to $2.5 trillion and total deposits of up to $1.5 trillion, accounting for 25% of total deposits in the United States.

This kind of behemoth, even the U.S. government has to be treated with care, where does Wen Ming get his confidence?

Cage's puzzlement was not answered, because it was impossible for Wen Ming to tell him the answer, an answer that no one could know.

……

ps: It's not that I'm blowing it up, 2.5 trillion US dollars is true, 25% is also true, the data comes from a certain department.