Almighty Athlete Chapter 479: The trouble of IPO

Huang Weida’s Fidelity Investment Company is the sole agent of Zhang Guan’s overseas investment, and these scattered ones have also helped Zhang Guan make a lot of money.

In the beginning, in 2004, Zhang Guan got the first pot of gold through Bocai, and then through Fidelity Investment, bought the shares of the fruit company, invested in the newly born social media b, and bought it on Hong Kong Island. Some real estate. In the following years, almost all the money earned by Zhang Guan, as long as it was foreign currency, was handed over to Fidelity Investment to take care of it.

Zhang Guan goes abroad to participate in the competition, the prize money must be paid in foreign currency, some foreign business activities, the remuneration is also foreign currency, and in recent years, Zhang Guan invested 1 team, the 500 million US dollars of gambling, boxing match appearance fees and Bonuses, etc., are all in the hundreds of millions of dollars of income, compared with the previous millions of dollars in game bonuses, can only be regarded as change.

Fidelity Investment has also become a first-class investment company on Hong Kong Island. However, Hong Kong Island is a world-class financial city after all, and the financial industry is extremely developed. The tax revenue generated by the financial industry is as high as 50 billion Hong Kong dollars. Such as investment companies, fund companies, and insurance companies are everywhere, so Fidelity Investment It does not seem obtrusive.

After years of cooperation, Zhang Guan has also accumulated more trust in Fidelity Investment, not to mention Fidelity Investment’s return on investment, Zhang Guan is also very satisfied. Being able to make money is naturally the basis of cooperation between the two sides.

On weekdays, Fidelity Investments mostly sends monthly reports to Zhang Guan. Over the years, there have been few cases where Zhang Guan has been so eager to find.

After seeing the text message, Zhang Guan did not hesitate to call Huang Weida.

"Mr. Huang, I was on the plane just now and there is no way to answer the phone. Is there anything urgent for you there?" Zhang Guan asked.

"It's the American side, it's really urgent." Huang Weida continued: "Do you remember when you first met in 2004, did you name the investment b? I really admire your eyes now. , A software that was so obscure that year was now the world’s first social software. On our Hong Kong Island, for every two people in China, one person uses b."

"b? Are you looking for me about b?" Zhang Guan recalled that it was April 2012, and b should have entered the final sprint stage of ipo, and then asked: "Is it right with b's ipo?" Related?"

Huang Weida was a little surprised. He didn't expect to mention b, and Zhang Guan even thought about ipo.

"Yes. It is related to ipo." Huang Weida then introduced b's ipo situation.

Since the investment of Zhang Guan was obtained in 2004, b has developed rapidly. In 2005, it received a tens of millions of dollars in venture capital. In 2005, it received nearly 30 million dollars in venture capital. After the registration of all people is open, it has expanded rapidly. Last year, the number of active users worldwide has exceeded 800 million.

So on February 2 this year, b formally submitted an application for a public offering, or ipo, to the US Securities and Exchange Commission, and plans to raise US$5 billion. This ipo was also the ipo transaction of the largest technology company in the history of the United States at that time. The market estimates that after ipo, the valuation will reach 100 billion US dollars.

The process of ipo is going smoothly. The market is generally optimistic about the prospects of b. Morgan Stanley is also the main underwriter of b listing transactions. JPMorgan Chase, Goldman Sachs, Bank of America Merrill Lynch and other financial giants will also be responsible for underwriting.

b The time for landing on Nasdaq was determined to be May 18, which is a little more than a month away. It can be said that the most critical moment for ipo, but at this time, the US Securities and Exchange Commission However, a problem was discovered, but Hong Kong Fidelity Investment, the second largest shareholder of b, turned out not to be a direct investor but an entrusted investment.

Entrusted investment means that the principal deposits funds in a financial trust institution in advance as an entrusted investment fund, and entrusts the financial trust institution to invest in its designated joint venture or investment unit. A financial trust business that manages and supervises dividends.

Frankly, this is a specific trust business. Unlike ordinary investment companies, the investors who entrusted the investment made the investment unit. This means that once b completes the ipo, the second largest shareholder is not Fidelity Investment, but the principal behind Fidelity Investment.

It is because of this that it causes unnecessary trouble.

The U.S. financial market does not exclude foreign investors. For example, among b’s ipo, Russian dst investment company holds certain preferred stocks. Today’s ipo can give them ten times the rate of return; Another example is Li Chaoren on Hong Kong Island, who also owns a 3% stake in Company B. After ipo, he can also get rich returns.

With Li Chaoren’s precedent, it should be said that Fidelity Investment on Hong Kong Island should also be unimpeded, but the SEC is concerned that the investor behind Fidelity Investment will have some official background from Eastern Powers . Therefore, the US Securities Regulatory Commission requires Fidelity Investment to disclose the information of the client. They are worried that this is not a pure business act. They are worried that such a large American company, but also a social networking company, will eventually be controlled by another big country.

Actually, Company B implemented a two-tier shareholding structure of Class a and Class B. At that time, Zhang Guan had made concessions in this regard in order to invest in b, so the b shares held by Fidelity Investment were all b shares. Although the sale price and dividends are the same as Class A shares, the voting power of the board of directors is only one-tenth of Class A shares. Therefore, the concern of the US Securities Regulatory Commission is not necessary ~ IndoMTL.com ~ However, based on ideology or country-to-state competition, the US Securities Regulatory Commission has made a request for Fidelity Investment to disclose the information of the client. Otherwise, they will call this time ipo.

As ipo, the largest technology company in the history of the United States, if it is called off, the impact will be even greater. For a business valued at 100 billion US dollars, how can Huang Weida not worry.

In fact, this practice of the US Securities Regulatory Commission has violated commercial rules. For example, in the case of such entrusted investment, many in the United States, such as American Jews, prefer to use entrusted investment. For historical reasons, after World War II, the Jews did not dare to expose their wealth blatantly, so they used commissioned investment to run their own business empire.

For example, some old financial families in Europe have accumulated capital since the colonial era, saying that they are prosperous and prosperous countries, that is to look down upon them! They have more money than a country, but on any list like Forbes Wealth List, have you ever seen their names? They are more as principals, hiding behind the scenes. They can join the same company through different investment companies. It looks like different companies hold equity, but in fact the big boss behind the scene has only one person.

So this kind of entrusted investment situation, although there are certain drawbacks, is an act of tacit approval, and the matter that the US Securities Regulatory Commission requires Fidelity Investment to disclose the identity of the principal is really a violation of the rules.

This kind of thing, Huang Weida must have no idea, so after receiving the request from the United States, Huang Weida found Zhang Guan as soon as possible, hoping that Zhang Guan would make a decision.

And Zhang Guan is also thinking about the pros and cons...

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