Chapter 568

In July, it took more than three months to gather hundreds of elites from the six major investment banks. From due diligence to valuation calculation, and then to the orderly preparation of the prospectus, Huizhong's listing work finally entered a new stage and introduced cornerstone investors.

The so-called cornerstone investors refer to some large investors or investment institutions that the company has negotiated in advance before the formal listing, and sign the subscription agreement with them in advance. After the company is officially listed and issues shares, these investors will purchase a corresponding number of shares according to the subscription agreement and set a sales restriction period of a certain period to ensure the smooth issuance of the company's shares.

Generally speaking, cornerstone investors are the big buyers and ballast of the company's listed and issued shares. In addition to locking in the purchase of a large amount of shares in advance, they will also play a role in stabilizing the stock price and calling on ordinary shareholders and investors to buy enthusiastically with their strong credibility and market influence.

Therefore, investors who can assume the identity of cornerstone investors are basically companies or institutions with strong influence in the financial industry or stock market.

Generally, in order to attract powerful investors as their cornerstone investors for smooth listing, companies usually set a discount price lower than the official issue price to attract investors.

Even some companies that have not yet made profits and continue to lose money are listed, and the discount price to cornerstone investors is 50% or 60% or even 70% lower than the official issuance price. It is possible that Chengdu, and many investors are happy to see this situation. It doesn't matter if the company loses money. As long as they can cash in and make profits after the sales restriction period, it doesn't matter who cuts the leeks.

Compared with these companies that rush to the market to cash out and cut leeks, the number of cornerstone investors in Huizhong's listing is like a feast of crows, which has attracted many private funds, investment institutions and multinational consortia around the world.

From Citigroup, Goldman Sachs, Morgan Stanley and other major investment banks, to investment companies and private equity funds such as Softbank, Sequoia and quantum funds, to top multinational companies such as Google and Buffett's Berkshire Hathaway, the Saudi royal family, Russia's richest man and various investors have expressed their strong intention to be the cornerstone investors of Huizhong listing.

The quota of Huizhong cornerstone investors, like a pastry, attracts investors with good money all over the world. The reason for this phenomenon is very simple, because they are very optimistic about the future development potential of Huizhong and the rising space of Huizhong's shares after listing.

The earlier you buy Huizhong's shares, the greater the profit space in the future. Since its establishment, Huizhong has only raised funds once. At that time, apple, Softbank and other investors who won Huizhong's shares have always held Huizhong's shares firmly in their hands and never considered selling them at all. It is very difficult for other greedy investors to buy Huizhong's shares.

Although investors can buy Huizhong's shares from the open secondary market after Huizhong's official listing, they can't earn much by buying as a cornerstone investor and at a price at that time. Therefore, the introduction of cornerstone investors by Huizhong has become a hot pastry for major investment institutions.

On the evening of July 23, in the banquet hall of Yanjing Wanda Mandarin Hotel, Fang Zhe and representatives of major investment institutions all over the world gathered together to laugh and laugh.

Even Fang zhe did not expect that the introduction of cornerstone investors was only a small link in the listing process of Huizhong. However, with the representatives of major investment institutions around the world coming to Yanjing one by one, several VIP rooms of Huizhong were not idle, which has seriously delayed the energy and normal work of some senior executives responsible for the reception of Huizhong.

Fortunately, Fang zhe directly asked people to set up a reception group to arrange these representatives to stay in Yanjing, or investigate or play. Until today, he and several senior leaders of Huizhong meet with them.

Fang Zhe, who was a little sour in his arms, winked with Zheng Siwen, who was also busy in the distance. One by one, they slipped out of the banquet hall.

Make complaints about Zheng Siwen, who sneaks out behind him, Fang zhe chuck said, "this scene, we do not know, thought we were already on the road show."

Zheng Siwen replied with a sympathetic smile, leaned forward a few steps against the balcony, blew the wind and asked, "how about the last three families in your heart?"

The last three companies mentioned by Zheng Siwen refer to the last three places for cornerstone investors. Before that, he, Fang Zhe and the core executives of Huizhong have held a meeting to agree on the candidates for the places of cornerstone investors.

They have set a total of seven places. In addition to four of them, the last three will be decided after tonight's banquet.

Fang zhe shook his head depressed, sighed and said, "Oh, headache, when someone else's company went public, we went to find powerful investors to be cornerstone investors. We were good. We only wanted to choose a few, but a lot of them came all at once, which made me have difficulty in choosing!"

"Come on, you're going to be heard by other companies. You have to be angry." Zheng Siwen smiled and scolded, then nodded noncommittally and said:

"Now every company has given quite good plans. Several companies have promised to buy more than US $1 billion, and some do not care whether we have a discount price or not, as long as we can buy at the issue price.

I calculated that just adding up the amount promised by these institutions is close to our estimated total amount of fund-raising. If there were no proportion regulations for publicly issued shares, I would like to sell them directly! "

Fang zhe stood up and said, "who says no, but you have to consider ordinary shareholders and investors. Otherwise, how could the CSRC allow us to go public?"

They looked at each other with a helpless smile, and then returned to the banquet hall one after another.

When other companies are listed, they only think that the cornerstone investors promise to buy not enough stocks. They are afraid that no one will buy the stocks after listing, and they will fall below the issue price as soon as they are listed. However, the headache of Huizhong, Fang Zhe and Zheng Siwen, is that these rich cornerstone investors want to buy a lot, but Huizhong doesn't sell so many stocks to them.

Fang zhe wondered whether he and the investment banking elites underestimated the potential and attraction of Huizhong. Otherwise, why do these capitalists who don't need money want to buy Huizhong's shares?

Fang Zhe and investment banking elites did underestimate the potential of Huizhong. You know, since the birth of the Internet, there has never been a software or product like wechat, whether in the east or the west, developed or developing countries, that eats all the global market.

If you have to find a product that eats all the world and has a high market coverage like wechat, only Microsoft's windows operating system can be counted as a competitor, while windows operating system and two very famous operating systems, MAC and Linux, can hardly be found by investors.

In the early morning of August 8, Huizhong officially submitted a prospectus to the U.S. Securities and Exchange Commission. In this prospectus, in addition to disclosing seven cornerstone investors such as Goldman Sachs and Berkshire Hathaway, Huizhong also disclosed the overall performance of Huizhong in 2012 and the first quarter of 2013, and the estimated financing scale of Huizhong's listing, Stock code Hz and listing place, New York Stock Exchange!

When Huizhong's prospectus was made public, investors, investors, Internet users, news media and Internet users from all walks of life all over the world gathered their eyes on this prospectus with 12 language translations, including simplified Chinese, traditional Chinese, English, Spanish and French!