Chapter 423: Low

Tori, senior investment manager of Goldman Sachs, is also the direct person in charge of Goldman Sachs as the underwriter of Zhiduoxing Group. There is more than one underwriter, but Goldman Sachs is the largest.
In the past two months, there have been huge changes in the financial aspects of Zhiduoxing, which once made all underwriters hesitate, worrying that the shares of Zhiduoxing Group will be difficult to sell at high prices.
But with the listing of Zhiduoxing G2, all worries have vanished. Judging from the momentum at this time, the global sales of Zhiduoxing G2 will definitely exceed 50 million units, so in the next two years, the revenue of Zhiduoxing Group will not have to worry.
What's more, the price of Zhiduoxing's games has also been raised, and the strong 3D expressive power also makes players willing to buy at a high price. Then the net profit margin of Zhiduoxing Group this year may be close to 20%!
How can such a high-sales, high-margin company have a low stock price? In order to pay dividends, those investors will also be willing to buy at a high price.
Look at Nintendo, which currently sells less than Zhiduoxing, with a market value of more than 10 billion US dollars. Although the company has other product factors, the market value is as high as more than 80 billion US dollars.
Zhiduoxing can step on these two in the game industry, the market value can not be too low, right? Underwriters such as Goldman Sachs are positioning the bottom line of the Zhiduoxing Group's psychological positioning at 10 billion US dollars, which may be higher.
Of course, it is impossible to surpass Jenny. After all, Jenny's music products, film and television products and other electronic products are also well-known globally, and the brand value is also above Zhiduoxing.
This time Torri came over to represent all the underwriters to discuss with Zhang Yang, let the Zhiduoxing Group go public as soon as possible, and also use the Zhidongxing G2 hot selling Dongfeng.
Otherwise, there will be variables when the game consoles of companies such as Johnny are listed next year.
Anyway, the purpose of Zhiduoxing is very clear, that is, they want to raise more funds, said to be used to invest in related upstream and downstream industries, they also hope that Zhiduoxing's stock price can soar, so that they can also earn more commissions.
Tori arrived in the capital and contacted him by phone yesterday. Instead of going back to the hotel to rest for jet lag, he went directly to the headquarters of Zhiduoxing Group.
Seeing another building not far away, Tori knew that it was the newly built headquarters of Zhiduoxing, which will be put into use this year.
How can a multi-billion dollar multinational company work in such a small place? It seems that Zhiduoxing Group really spent every penny on the blade.
Getting down from the car, Xiao Wang led Tori into Zhang Yang's office. He greeted him personally on behalf of Zhang Yang.
After a simple greeting, Xiao Wang poured tea from Tori and went outside the office.
"Mr. Zhang, I came here this time on behalf of Goldman Sachs, Huaqi, Morgan Stanley, and Wells Fargo to discuss some details of the listing of the Zhiduoxing Group."
Zhang Yang leaned on the sofa: "What details? Haven't we signed the contract before, do you want to break the contract?"
Judging from the performance of Zhiduoxing at this time, even if these four top underwriters defaulted, there must be other top underwriters willing to sign contracts with Zhiduoxing. Zhang Yang is not in a hurry.
The preparatory work is almost ready, and it is close to going public. He believes that these four companies should not be confused.
"Of course we will not breach the contract, but the contract is not stipulated, the stock issue price needs to be approved by you, and the issue ratio is still undetermined."
The work should also proceed to the next step, market inquiry and pricing, and then issuance and listing.
At the time, Zhiduoxing requested that this clause must be added. The four of them considered it and agreed. The interests of both parties are the same. They also believe that Zhiduoxing will not do stupid things here. It is Zhiduoxing himself who is pitted.
"The issue ratio is 30%."
Tori frowned, and planned to discuss with Zhang Yang. If more, you can raise more funds. Isn't that bad?
"However, I can promise to give you 10% over-allotment rights, as long as you have the ability to sell these stocks at an appropriate price."
Tori breathed a sigh of relief. In this sentence, his task has been half done.
Together, this is a 40% ratio, which meets their expectations. The four companies are evenly divided, and all can get a good commission.
They get commissions according to the proportion of the amount of funds raised. For example, if this time they collected 1 billion US dollars for Zhiduoxing, they would get 20 million US dollars evenly if they took 2%.
However, as a top financial giant, how can they pay attention to the five million yuan for each company, and the funds they raised for the Zhiduoxing Group are definitely not less than 4 billion US dollars, which means that they can each get 20 million US dollars.
What's more, their commission can be cash, or it can be the stock of Zhiduoxing Group, and as an underwriter, they also have priority subscription rights, although the proportion is not high, but they are also very satisfied.
As the share price of Zhiduoxing Group rises, can they also make more ~EbookFREE.me~ share price? What is the total share capital, and what is the base price per share? The professionals of our four companies have calculated that the total share capital is set at 500 million shares and the offer price per share is set at between US$18 and US$20. After the listing, your company’s market value may be stable at 9 billion to Between 11 billion US dollars. "
Tori thought that when he heard the news, the young rich man in front of him would jump up excitedly, because the market value of the stock of Chiduoxing Group held by Mr. Zhang and his father would soar to about 5 billion US dollars.
This may become one of the youngest billionaires at this time, and the only one from scratch. But why didn't the rich man have an excited expression, or even dissatisfied?
"Low."
Tori couldn't believe it: "Mr. Zhang is not satisfied with this price yet?"
Going public has become a top-tier company with billions of dollars.
"Nintendo's industry is much worse than ours. Their company's market value is more than 10 billion US dollars. Our Zhiduoxing Group's sales are higher than them. The profit will be higher this year. The market share will be higher and the popularity will also change. Higher."
"How can our market value be similar to them? It must be at least more than 50%."
"How much? Do you mean that the market value of Zhiduoxing Group should exceed 15 billion US dollars? Do you want 30 shares to be sold out?!"
"Why, is this price high? At the time we signed the contract, several of your companies have said that they promised us to surpass Nintendo and guarantee a top price release. Can't they do it now?"
"If this is the case, then I have another suggestion, how about listing Bingcheng Zhiduoxing, a subsidiary of Zhiduoxing Group separately?"