Chapter 404: Preparation for listing

The Zhiduoxing G2 project has been going on for a long time. Zhang Yang hopes to get hardware with sufficient performance as soon as possible, and then debug the machine, and authorize some game companies to develop games.
He hopes that when G2 is released, at least ten 3D games will be released at the same time, including multiple types, giving players more choices.
Moreover, this time the Zhiduoxing G2 will be released simultaneously in the world, and also in multiple languages, so it will take a while for the software translation. He must pay close attention to it.
The main board of the game console has been designed. This time the size of the machine is one-third larger than that of the Zhiduoxing GMINI, which is similar to the old Zhiduoxing G, but the performance should be improved dramatically.
Zhang Yang hopes to use this game console to let Zhiduoxing Group hold the position of the industry leader, no longer be criticized for having no 3D function, backward performance, and also improve the company's profit margin.
The profit margin of 2D games is far inferior to that of 3D, and the price can be seen. The price of Nintendo's Ocarina of Time is ten times the price of the regular 2D game of Chistar!
After Zhiduoxing has 3D games, it can also increase the selling price to more than one hundred dollars, and the company's revenue will also be greatly improved, which will also have great benefits for the company's stock listing.
In the past few days, Zhang Yang has contacted several large financial institutions in the United States, hoping that they can act as underwriters for the listing of Chistar Group in North America.
Although the commissions of large financial institutions are very high, their ability to sell stocks at a high price is also the strongest, provided that your company can make the other party eye-catching.
This is not to say that the commission rate you give is high, the other party is willing to be an underwriter, and they also have a barrier to entry.
However, Zhiduoxing Group's first name in the video game industry is still very loud. If you think about Nintendo’s stock price, you know that this company goes public, and it’s definitely not bad.
In particular, this company's assets are extremely good, its debt ratio is extremely low, and its profits are very high. It will definitely be sought after after its listing.
In the past few years, in the US financial market, stock prices of technology have been good, especially IT electronics, all of which have been rising. Among them, the leading companies are Microsoft, IBM, Intel and several other companies.
If the Zhiduoxing Group is listed here, it will definitely perform very well, so several large companies are willing to become the underwriters of the Zhiduoxing Group.
But now they have some disagreements about the proportion of Chisoda Group to issue shares.
The proportion of circulating stocks issued by listed companies is generally not less than 25% and not more than 50%. Of course, it is not absolute, and different markets have different requirements for this.
Like Nasdaq, even if it is a very loose market, there are many companies whose stock circulation ratio exceeds 50%, and even 70%.
Zhang Yang means about 30% of the issuance, so that the company can raise three or four billion US dollars of funds to invest in some hardware manufacturers.
This is also regarded as a diversified investment, and it is also of great benefit to the company's development. Becoming a shareholder and director of some major hardware companies naturally also has a certain right to speak, and many matters can be resolved through internal consultation.
If you can control some companies, it will be more perfect, Zhiduoxing Group can also grow into a comprehensive IT enterprise covering software and hardware.
However, several underwriters want to persuade Zhiduoxing to issue 40% of the stock, because in the Zhiduoxing Group, Zhang Yang and his father's shareholding ratio has exceeded 90%, even if 40% is issued, There is no impact on their controlling rights, and more funds can be raised.
For underwriters, the more you issue, the more commission they will receive, and of course they want to make more money. And they also want to let Zhiduoxing Group give them some preferential subscription opportunities. Although the ratio of preferential subscriptions is also stipulated, they can definitely make money, which is more cost-effective than direct commission.
Those underwriters are also financial giants. They already hold stocks of many companies. As an investment, they even speculated to become major shareholders.
But what they did not know was that Zhang Yang had another idea in mind, that is, he hoped to buy back some stocks in the future. The more it is issued now, the more difficult it will be to repurchase in the future.
Now he wants to invest in some companies, but he does not have enough money. After two years, the company's assets will develop, and he can also go public in other markets, such as Tokyo, Hong Kong or London, or even the mainland.
In a market with a better financial environment, the higher the listing price can be set, the greater the increase.
Many people think that after the company's stocks are listed, it is a good thing that the stock price soars all the way, because the stocks they own have appreciated and they have earned more.
But as the original shareholders of the company, they all have a limited sales period. During the limited sales period, your stocks cannot be traded ~ EbookFREE.me ~ you only get book assets, and may shrink at any time.
The previous life Ali Bar did very well in this regard. After the stocks were listed, the rate of increase was not high, indicating that when they were issued, the price was set reasonably, and the same number of stocks raised more funds.
The listing is not to make the stock price soar, which is what some investment institutions expect. After they wait for you to go public, we will sell the stock to make money, especially for venture capital institutions.
The real purpose of listing is to raise more funds for the company's development, and to let more people know about the company through the stock market, but also has a certain role in publicity.
However, in fact, only some top companies can enjoy these. How many people are really concerned about a small company that is not ranked high?
This is like a Forbes ranking. You are in the top ten, many people know that you are ranked first, and even more than half of the people in the world know it. But if you rank 1,324, there are very few people who know.
Zhang Yang wanted the company to go public for one purpose, to raise funds for expansion. But no matter how he expands, he can't let the controlling right fall, even if the voting right is still in hand.
Therefore, those who persuaded him to issue more than 50% of the stock before, he directly refused, and now hesitating, is the ratio of issuing stocks about 30%, or about 40%.
The company went public, but Zhang Yangke had no experience. His small company in the previous life had not yet reached the step of going public.
Zhang Yang discussed with his father about this matter, but Dad didn't understand it. He only said to let Zhang Yang decide, no matter what decision Zhang Yang made, he would support it.
After thinking for a while, Zhang Yang picked up his coat, and maybe he should go back to school to consult with several experts and professors.