Rebirth

Humphrey is a big fan of ERV.

Very optimistic about its future.

but.

The stock issuance in the United States is different from that in China. The new shares are ‘minutes’. The underwriters contact each customer in advance and sell new shares to them instead of buying them as Huaxia.

But the chance of breaking is not small.

This is the case with FACEBOOK, which fell below the issue price on the day of listing. Therefore, the US stock subscription boom is not high. Unlike China, it is basically a new purchase.

The average annual IPO of listed companies is more than 100.

Two or three hundred delisted.

Such a large delisting risk makes the investment here rational.

This is where the ‘road show’ is everywhere.

It is to give investors confidence.

If it is a general stock.

Sales are a problem.

But ERV.

It was subscribed in just three days.

The average customer can’t even get it. The new stock subscription in the US is not a retail game. The retail investors can only buy and sell in the Level 2 market. The most delicious cake is of course to the big customers who have been cooperating.

Humphrey did not trade stocks before.

Not a big brokerage and investment company.

natural.

Even though he has millions of dollars in the bank.

I didn’t get the new shares of ERV. In fact, I still can get it, but it is very troublesome. Humphrey is a troublesome person. Since the new shares can’t be bought, I will go to the stock market to buy.

Anyway.

He doesn’t think he will lose money.

Buying companies like ERV is a loss, so few companies are worth trusting.

“Billy, how about you?” Humphrey asked.

Subsequently.

Billy’s ‘treacherous’ voice came.

“Hey, I got the new shares of ERV, two million dollars.”

“How much price do you want to sell?”

“Sell? I don’t have this idea for the time being, I am optimistic about the future of ERV.” As a high-intelligence person, I used to play games and felt insulted IQ. Now playing games, he feels that IQ is not enough.

He is such a person.

I am quite admired for people who are better than myself.

Ready to make long-term investments.

“As I thought, after spending 10 million dollars, I don’t care.” Humphrey followed and laughed. Perhaps, this would be the highest return on investment in his life.

“Then wait for the listing of tomorrow.”

“it is good.”

So major event.

There must be a live media broadcast.

ERV.

It has become an annual feast of the capital market.

. . .

Goldman Sachs.

Headquarters.

The meeting on ERV listing has been open for more than an hour.

But no one feels tired at the scene, but instead looks good, because they will witness the rise of a great company. This point, the analyst gives an incomparable answer.

And the market reacted.

It is to make them more confident.

ERV’s IPO is as high as 40 billion US dollars. Their Goldman Sachs underwriting 40% is the highest underwriting ratio among all brokers. Now, all of them are underwritten and won the praise of big customers.

At the beginning of the listing process.

They all think that ERV is really crazy.

Four billion dollars.

20%.

That means the ERV valuation is $200 billion.

Such a number.

There is no history. Because of the madness of customers, most major brokers are almost unable to use the over-allotment right. That is, the brokerage underwriting is good, and the over-the-counter 10% of the underwriting shares can be exceeded.

Originally issued only one hundred shares.

Buy more people.

Brokers can increase to 115 shares, and the total IPO size will increase to $46 billion.

but.

Taking into account the increase in the number of outstanding shares, after all is unstable, the capital chasing brought by scarcity is more beneficial than satisfying them, so they did not use their over-allotment rights.

Less meat.

It can highlight its significance.

If there is no potential company, they will use this, and selling more is always good.

But ERV is different.

The future is boundless.

There is a lot of room for future operations, and I don’t care about this.

“After the listing of ERV, you will clear the list in your hand. This time, you must play a battle that keeps history in mind.” Finally, before the meeting, the investment manager looked at the traders in front of him.

As an investment company.

Also a broker.

The capital of management is unimaginable to outsiders.

For ERV.

The large and small customers call only one, buy, of course, not irrational to buy, but rational allocation, take out 10% to twenty funds to buy ERV shares.

It is the operation of most people.

Goldman Sachs also has a large number of shares.

Something will be thrown out at the time.

otherwise.

Everyone is not selling?

How long is the stock price?

To know.

The stock market is a zero-sum game.

No money will be produced out of thin air, and no money will disappear from the air. Assuming a dollar of ten dollars, if you want to raise the price to eleven dollars, you have to go out to eleven dollars, and the two sides reach a deal.

otherwise.

The original price is ten dollars.

Even if someone sells a hundred dollars, if there is no transaction, the stock price will still be ten dollars. Therefore, only when stocks flow, can the value be fully utilized.

Individuals tend to be held for a long time.

Investment companies are more inclined to keep trading.

. . .

apple.

Headquarters.

Looked at the hot ERV for a few months.

Jobs was a little lost in his heart.

He thought that Apple’s first generation of the machine would make Apple become the target of media attention for a long time, but everything is his wishful thinking, just released soon.

ERV is ‘mad’.

Announced the listing.

At the beginning, the board of directors said that the $15 billion IPO was later increased to $40 billion. It is now here, and you are selling so fast, and there is still a lot of queues.

Start with “World.”

These months.

ERV has launched a large number of projects.

Each project has more or less made ERV’s status more stable, and it has enjoyed the capital that Apple has not enjoyed, and his Apple generation can only be reduced to small news.

That’s it.

House seemingly endless rain.

The weakness of Apple’s first generation machine makes Jobs very uneasy. Qualcomm’s new generation of processors is much better than the one developed by the two parties. Many giants are ready to adopt them directly.

Apple if you ride a tiger, it’s hard to get off.

The gap in chip performance is a bit big.

The first-generation machine has even been rated as ‘performance behind’ by many media and experts, that is, the hardware upgrade speed is too fast, and their products have not yet been listed, they can not keep up with the wave.

This made him and his team very hurt.

“Intensify the development of the next generation of Mac, give up the original chip, use Qualcomm’s existing Xiaolong processor, this thing is unavoidable, I always feel very uneasy.” Jobs opponent said.

“Yes.”

They also think that at this moment, Apple should not insist too much. If the next generation of chips is put into production, they will have to wait at least eight months. What kind of changes will occur at that time is difficult to predict.

They can’t wait.