Rebirth 79: I opened a bank in the United States

Chapter 337 Financing Meeting
"Do you think Fidelity can pass?"

At the same time that Consul Wu was arranging work, Carter and Jinas also walked out of the hotel.

"It's hard to say, but I estimate that the possibility of success is very high!"

"You said before that Wall Street has never been monolithic. What's more, Fidelity Investment is still a member of Boston Capital, and it is not in the New York circle. Now the conditions I offer are all beneficial to Fidelity. They really don't necessarily agree. Stick with Goldman Sachs and them."

Brothers, loved ones?
Isn't this a question of adding money? !

What's more, capitals have never been dear relatives and friends.
"Then why do you plan to meet with Goldman Sachs, or the investment bank representatives on Wall Street?"

"Well, let's start the day after tomorrow. We'll meet with each family to find out what's going on. Formal talks. Has Deloitte given a time? As of April [-], will the financial report for the first quarter be released?"

"It should be no problem. The workload of the quarterly report is relatively small. Fifteen days is enough!"

"Okay, let's set it on April [-]th! The conference room is rented in advance, and then I will write out the development plan tomorrow, and then I will make changes as we meet"

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It is not safe to rely on the Fidelity family to admit their high valuation!

Taking out a financial report audited by a professional accounting firm is more convincing than anything else!In other words, there are real and gorgeous financial reports, and the support of Fidelity, the two work together.Only then can there be hope for a high valuation!

Ever since, within half a month.In the morning, Carter and McKinsey consultants tinkered with the corporate development planning report to be shown to the capital market; in the afternoon, he went to the coffee shop to drink coffee and brag.
The days are full and tight. It is also worth mentioning that on April [-]th, Carter received a call from Akio Toyoda.Toyota Motor Georgia Plant Project, Passed Inside Toyota!
It is said that the reason for the passage is related to the United States raising tariff barriers again, and Carter did not have time to understand the specifics.Anyway, it is enough to know that this matter has been accomplished!
Going around and around, the time soon came to April [-]th.

Representatives of investment banks and private equity funds filled the meeting room of a five-star hotel.Interestingly, the five stars here are not the five stars in the Chinese hotel rating system, but the ratings from Forbes Travel Guide.

All in all, for a large number of representatives and participating lawyers, ordinary small conference rooms simply cannot accommodate the meeting needs of so many people.

As usual, on behalf of HT Company, Jinas took the lead in speaking and speaking.Similar to a weakened version of the road show, we will tell the participating capital about HT's history, revenue, next-step development plan and long-term strategic goals.

The preaching between bragging and half bragging did not attract the attention of various capitals at all.Listening to him blowing in front of the stage is worse than looking at the report in his hand, which is more realistic and intuitive!
The capital representatives whispering to each other are very representative.For example, people from New York mainly whisper to other representatives from New York.Except of course Goldman Sachs and Morgan Stanley
"Mr. Black, Mr. Genus! I want to confirm one thing first. After the A round of financing, you will make an acquisition of the Tennessee food company that supplies semi-finished products for HT, right?"

"That's right, a wholly-owned merger and acquisition! In the future, the two companies will become one! After the food company is merged into HT, a new production management department will be formed. This point can be written into the financing contract!"

Jinas' affirmative speech made everyone smile with satisfaction on their faces.The representative of another organization expressed his attitude even more bluntly:

"You should have done this long ago! We will be partners in the future, not some money wolf tiger leopard. I don't want to know more about the other content. We are very clear about the business model and profit model of the fast food chain. Our Reg Fund Willing to give a new post-transaction valuation of US$2.1 million and invest US$1100 million!"

"The valuation is the same, we will pay 800 million!"

"After evaluation, we decided to invest 700 million!"

"We are small, 400 million."

The effect of merging the two companies is immediate, just compared with my own expectation of 2.6 million.This is not enough!
Carter's gaze turned to the representatives of big investment banks such as Goldman Sachs, who were sitting firmly on the mountain.Compared with ordinary PE, these investment banks' profits from HT are not only investment appreciation, but also the underwriting of its stocks is also a major source of profit!
The so-called underwriting market making is actually an intermediary of stock prices and a second-hand dealer in stocks!

What they do is simply to buy stocks that no one wants for the time being, save them first, and then sell them at a higher price.When public investors want to buy a company's stock, but there is no sell order in the market for the time being, they will issue the previously stocked stock and sell it to investors.

For the seller, it's like you have a house to sell. At this time, you don't know where to find the customer, and you may not be able to find it in a while.At this time, you can sell the house to an intermediary agency first and get the money directly; for the buyer, now you want to buy a house, but you look around and find that no one is selling it, so you can find an intermediary again
The role played by a market maker in the stock market is an intermediary!And the more famous the intermediary, the more buyers and sellers will come to him!So, how do intermediaries gain a good reputation?
Nothing more than giving the seller a good price, giving the buyer a good product, and an intermediary that makes both parties happy is a good intermediary!

The reason is very simple, but in reality, there are too few products that can satisfy both parties!
Still taking the house as an example, the seller's house has a cemetery on the left and a grave on the right, and there is a stinky ditch behind it.You said this kind of house, can you give a good price?Let's talk about selling, who bought this kind of garbage house and can't just scold her? !

It is rare to meet a high-quality white horse stock, or a white horse stock that has not yet been developed.Even a big investment bank like Goldman Sachs needs to be more cautious.This kind of stock is like the kind of newly built school district housing, because the plan has not yet passed, but the school district housing that is still at a low price will pass sooner or later!
This kind of house source is in the hands of the intermediary, it is like a treasure of the store!The more they eat, the more benefits they can get when a house is hard to find in the market!

With the price difference supplement in stock underwriting, there are more potential positive attractions.
They were in no hurry to follow the offer, and like Carter, their eyes turned to Carter.

After the two eyes met, they parted tacitly:

"Sorry, gentlemen! I have to interrupt you, the post-transaction valuation of 2.1 million US dollars is too low. This means that I will lose 47.6% of future income rights and voting rights! Don't mention what will happen after the listing, just look at At the current stage, based on our current profitability, this means an annual loss of more than four million and nearly five million."

"And the exchange is only [-] million US dollars in cash, which is obviously inappropriate! Not to mention, the valuation valuation, where our eyes should be looking, is the future value!"

(End of this chapter)