Shirakawa Electric is valued at 586.5 billion yen and issues 35% of the outstanding shares, which is calculated to be 290 million shares.

How to put these 290 million shares on the market and in what form they are issued is a complex science.

As a listed company, Shirakawa Electric will not directly participate in the issuance of shares, and its responsibility is to convert its own assets or product prospects into tradable virtual stocks.

These shares are a quantitative representation of the value of the enterprise and can be purchased and freely traded by the outside public.

The newly listed stocks of Shirakawa Electric are generally invested in the primary market or secondary market through intermediaries.

These intermediaries are similar to trading windows, or wholesalers and brokers.

At this time, the First Quanyin, Nomura Securities, and Beidu Bank, who were sitting in the conference room, played such a role.

As underwriters of stocks and bonds, they are responsible for putting Shirakawa Electric's shares on the trading market in various ways.

There are generally two ways to issue shares to underwriters.

Underwriting issuance, and consignment issuance.

Underwriting issuance, as the name implies, means that the securities dealer undertakes all or part of the newly issued shares of the listed company at one time, and advances all the capital equivalent to the issue price of the shares.

The brokerage then sells the stocks that have been bought in a package to the trading market.

Of course, the price of the shares purchased by the underwriters from the listed companies is based on the lowest issue price, or even a more favorable price.

And when the underwriters sell these contracted shares to the primary and secondary markets, the price is set by themselves.

This is equivalent to making the difference, buying at a low price and selling at a high price.

However, this method of underwriting issuance is generally carried out in newly listed small and medium-sized technology enterprises.

Most of these companies are in dire need of funds, so in the face of a one-time payment from the underwriters, they are more willing to package their shares and take the money themselves and leave the market.

Most of the underwriters who can carry out the stock issuance business are also well-funded, and they are more willing to use underwriting to issue shares for the companies they are optimistic about.

Of course, if the number of shares issued by a newly listed company is too large, it can also be jointly underwritten by several securities firms.

Another way of issuing stocks, consignment issuance, is the opposite of underwriting issuance.

The main body of consignment sales is the listed company itself, but the underwriter executes it on its behalf.

The income from the issuance of shares is the income of the listed company and has no relationship with the underwriter.

As an intermediary role, they only get a fee, or a very low commission.

Regardless of whether it is an underwritten issuance or a consignment issuance, there are pros and cons.

An underwritten offering can raise the required working capital for a listed company in a very short period of time, but this is a one-time transaction, and the subsequent stock gains have nothing to do with it.

The advantage of a consignment offering is that the overall value of the shares will be higher than the initial issue price set by the company, and the funds it can raise will be higher.

But the disadvantage is that this cycle will be relatively long, and there is also a certain risk.

If the company is not favored and the listing is broken, then the financing obtained from the issuance of shares will be greatly reduced.

In short, the specific issuance method needs to be determined according to the situation of the enterprise, which is a two-way consideration between the listed company and the underwriter.

As for the stock of Shirakawa Electric, to be honest, the first persuasion silver is eager to buy it all at once.

Because he knew that Shirakawa Electric's stock price would never be only 700 yen.

Not to mention its super profitability, the future development plan just distributed by the other party is a fragrant and sweet pie.

It doesn't matter if you can eat this cake in your mouth, most investment institutions eat this set.

Take this financial statement and future plan, go up and blow it casually, I believe that this stock will not be sold at all.

However, Ichiro Watanabe glanced at Takashi Yanagitani, who was also staring at him, and Hiroshi Arai, who was sitting precariously, and he gave up his plan to swallow Shirakawa Electric stock in one gulp.

Everyone is not stupid, they just smashed tens of billions, isn't it just for this moment?

"Ahem~" Ichiro Watanabe cleared his throat, "Do you have any thoughts about Shirakawa-san's stock underwriting?"

I have just read your proposal, and it seems that a large amount of money will be needed for future research investments.

What do you think? Do you think about the way you underwrite the issuance?

If we are responsible for underwriting, Shirakawa Electric will be able to raise 205.2 billion yen in a lump sum.

With this money, many projects can be carried out immediately, developed one day earlier, and produce results one day earlier. ”

After speaking, Watanabe Ichiro looked at Shirakawa Kaede with blank eyes, and his naked eyes were always tempting the other party to agree to such conditions.

It's quite beautiful, if it hadn't been for some homework in advance, Shirakawa Kaede might have been a little excited.

After all, with 205.2 billion funds in hand at one time, many projects that exist in my mind can indeed be launched.

But now. Shirakawa Kaede smiled very politely.

Watanabe-san does have some truth in what he said, but at present, Shirakawa Electric does not have much pressure in terms of funds.

The specific issuance method, why don't we discuss it together and find the most optimized plan? ”

Hearing Shirakawa Kaede's answer, Ichiro Watanabe sighed silently in his heart.

It's not that easy, and it's not that easy. There is that guy from Arai, and the other party is not a stock market novice.

"In that case, let's all share our thoughts and the number of shares they can underwrite."

In any case, the number of shares close to 300 million is to be issued through the three of them.

And whether it is an underwritten issuance or a consignment issuance. All three underwriters will make money, the difference is just that they make more and earn less.

In the ensuing discussion, Shirakawa Kaede did not participate much.

Oh, not a discussion, maybe it's more appropriate to say a quarrel.

For them, stock underwriting is the distribution of benefits.

When it comes to interests, how can you easily back down, blushing and thick-necked one by one, how can there be the etiquette just now.

Previously, the tens of billions of shares invested by Shirakawa Electric may not be collected in a short time.

However, the income brought by the current stock underwriting, if the operation is good, tens of billions of dollars can be easily achieved.

This is equivalent to tens of billions of shares previously invested, and the capital will be paid back in an instant. The rest of the shares of Shirakawa Electric, that is a net profit.

In the face of such a big profit, no matter how good the cultivation is, it is in vain.

Whoever has the loudest voice will have momentum. The way the hair is all open, I don't know and I thought I was going to fight.

Shirakawa Kaede sat next to them, all of them having a headache from being noisy.

Especially in the quarrel, the professional terms that are mixed with each other make people's heads big.

However, the most difficult of them is Hiroshi Arai, who has to fight for the interests of Shirakawa Electric on the one hand, and the interests of the Hokuto Bank on the other.

From the perspective of stock issuance, Shirakawa Electric and Beidu Bank belong to opposites.

Occasionally, Ichiro Watanabe and Takashi Yanagitani will unceremoniously ask him, which side are you.

In the face of their menacing eyes, Arai Yuto was about to be fine-divided.

In the end, Shirakawa Kaede couldn't stand the quarrel in their vegetable market, and acted as a middleman, asking both sides to take a step back.

In order to appease them, Shirakawa Electric's shares also chose to be apportioned in the form of a mixed issuance of underwriting and consignment.

Although Shirakawa Kaede also knows that his stock may rise, the benefits of this share should be shared.

Again, it's not okay to eat alone.

Shirakawa Electric was successfully listed, and the stock could be sold, in fact, he had already achieved his goal.

As for the price difference of the middleman, he didn't want to bite to death, that was not the goal of Shirakawa Electric.

At the end of the day, stock underwriting is a financial game, not an industry he is good at.

In the end, under the nod and approval of Shirakawa Kaede, seventy percent of the tradable shares of Shirakawa Kaede Electric will be issued in the form of underwriting, and the remaining three percent will be changed to consignment sales.

And this seventy percent of the underwriting share, the first persuasion bank to take forty percent, Nomura Securities to take two percent, and Beidu Bank to get the last one.

After all, the first persuasion bank is the main promoter of the listing of Shirakawa Electric, and it is also the first financial institution to have a relationship with Shirakawa Electric.

Not to mention the current share proportion, there are a lot of things for Baichuan Electric in the middle, and it is well deserved to take the lion's share.

Also as Neon's largest brokerage, is one of the largest, no.

Nomura Securities deserves a two-percent share, and they have a unique advantage in stock distribution channels.

In addition, they also solved a lot of personal problems for Shirakawa Kaede, and more than a dozen properties in Shirakawa Kaede throughout Tokyo were all acquired through their introduction.

These properties are not ordinary apartment houses, they are super mansions that belong to another class.

Retro, Western, modern, all kinds of styles. And the designs are basically from the hands of famous artists, and most of them have no price.

As for the remaining one percent of the North Capital Bank, to be honest, this is completely based on Shirakawa Kaede's face, and it has a share.

Otherwise, for the First Quanyin and Nomura Securities, Beidu Bank is not qualified to sit here.

However, the share of one percent is enough for Beidu Bank, and it can't eat any more.

Underwriting is a hammer deal for Shirakawa Electric, but after the contract is completed, the underwriter also has to find a buyer to sell.

Of course, there is no shortage of channels for the first persuasion bank and Nomura Securities, and they have a large number of domestic and foreign customers behind them, and they have cooperation in investment.

Although there are many shares issued by Shirakawa Electric, they are not worried about selling at all.

But for Beidu Bank, Yicheng has nearly 30 million shares and a market value of about 20 billion, and it will take some effort to sell them.

However, in any case, everyone got a relatively satisfactory share of the underwriting.

After all, the potential of Baichuan Electric is endless, and the financial community has long paid attention to this dark horse.

Underwriting his stocks, which is almost a profitable deal, what else is there to dislike about First Persuasion Bank and Nomura Securities?

The remaining three layers of stock consignment, everyone only earns a handling fee, so they are distributed very harmoniously with each other.

Even considering that the benefits of Beidu Bank were relatively small, the first persuasion bank also gave it some more, so it was regarded as some soup to drink.

In most cases, the commission fee for consignment sales is no more than 0.3%, and the total revenue of 30% of the outstanding shares is less than 200 million yen.

This is nothing compared to the proceeds of underwriting.

So soon, the 300 million shares listed by Shirakawa Electric were carved up.

This is the feast of the first persuasion bank and Nomura Securities, as for the income from the stake in Shirakawa Electric, to be honest, the importance in their hearts is far less than that of stock underwriting.

So now that the distribution of benefits is complete, it is time to talk about the specific operation of Baichuan Electric's listing.

Think about it, isn't it a little funny, this listing application has not been submitted yet, but all aspects of the benefits have been carved up.

(End of chapter)