Siheyuan: I am Jia Dongxu's cousin
Chapter 187 Huaxing's IPO (1)
The next day, 9:26 am.
Inside Zhang Weiguo's office.
"Boss, everyone is here."
"Okay, let them wait a moment. I'll be there after I finish processing this document."
Lin Qing turned around and went to the meeting room to inform everyone.
Ten minutes later, Zhang Weiguo put down the black pen in his hand, stretched, stood up and walked towards the meeting room.
After a while, Zhang Weiguo opened the door of the conference room and said to everyone who had already taken their seats: "Sorry for the long wait, everyone. I just processed some documents."
The boss was being polite when he said that. The people present were all experienced business people, so they immediately said, "Boss, we are new here too. You came at the right time."
"Okay, Lin Qing has informed everyone of the content of today's meeting! Huaxing Company, a subsidiary of our Flower Planting Group, has been reviewed by the New York Stock Exchange of America and will be listed next week."
Zhang Weiguo paused for a moment, then continued, "The reason I called everyone here today is to discuss the specific matters after the listing."
Zhang Weiguo turned his head slightly and said to Lin Qing: "Lin Qing, tell everyone the details."
"Good boss!"
Lin Qing picked up the documents at hand and began to explain the details of the listing to everyone.
"Just half a year ago, our Huaxing company submitted an application for listing to the New York Stock Exchange and invited Citibank as the underwriter. Now the New York Stock Exchange has approved our application, and Citibank has also begun to promote our Huaxing company's listing."
Lin Qing took a sip of water and continued, "Huaxing Company has arcade machines, quartz watches, and [Emperor's Secret] as support, so Citibank's valuation of the company is around 8 million US dollars. According to Citibank's suggestion, Huaxing Company will take out 23.5% of its shares for listing, tentatively set at US dollars per share, and issue shares."
"That's about it." Lin Qing said, put down the documents, and waited for Zhang Weiguo to speak.
At this time, Zhang Weiguo was thinking about the history of Citigroup and the New York Stock Exchange.
Based on the limited knowledge he had about Citibank in his previous life and the investigation he conducted now, Zhang Weiguo is still satisfied with the credibility and strength of Citibank.
Citibank has a very long history. Considering that the United States has only 300 years of history, Citibank, which was founded in 1812, can be considered an antique.
The predecessor of Citibank was the City Bank of New York, which was founded by the Stillman family. At that time, its main business was financial business related to trade with Latin America. It was not until 1865 that the City Bank of New York obtained permission from the American government and officially obtained a national bank charter and changed its name to Citibank of New York.
The real growth of Citibank can be traced back to 1902. In that year, Citibank began to expand overseas with the First World War, and established branches in Longguo and Hong Kong Island, which were ruled by the Qing government at that time. It also opened branches in Singapore, Britain, Japan, the Philippines and other places.
In 1904, Citibank officially became the first bank to establish an international department in America and the first international bank to launch travelers' checks.
In 1955, Citibank of New York merged with First National Bank of New York and changed its name to First Citibank of New York. In 1962, it was renamed First Citibank.
It was not until 1976 that it was renamed "Citibank".
However, Zhang Weiguo still prefers to call it Citibank.
In fact, Citibank is just a business of Citigroup. In 1968, Citibank established a bank holding company, Citicorp, as the parent company of Citibank. At the same time, Citibank used stock swaps to exchange its own stocks for stocks of its holding company, Citicorp, and 99% of Citicorp's assets are Citibank's assets.
This completes the transfer of Citibank shares.
At the beginning of the 20th century, Citibank's shares were still firmly controlled by the Stillman family and the Rockefeller family, who used it as the financial dispatching center of the Standard Oil system.
During the world economic crisis of 1929-1933, Citibank took the opportunity to break away from the Rockefeller Foundation and form its own system. At the same time, taking advantage of the Second World War that soon followed, Citibank began to vigorously restore and expand its business.
After the end of World War II, Citibank's business continued to expand. In 1955, Citibank successfully merged with the Morgan Consortium's second largest bank, the First National Bank of New York, thus establishing its reputation as the third largest bank in the United States.
The history of the New York Stock Exchange is no less than that of Citigroup.
Even beyond.
The origin of the New York Stock Exchange can be traced back to 1792, when it was said that 24 American stockbrokers signed the Buttonwood Agreement under a sycamore tree outside 68 Wall Street in New York, which was also the earliest stock market in America. In 1793, a coffee house called Tondy's was built on Wall Street, and the open-air stock market under the sycamore tree was moved into the coffee house, becoming an early stock trading venue.
The New York Stock Exchange was not officially established until 1817.
In 1817, the New York Stock Exchange's predecessor, the New York Stock Exchange, was formally established. With the vigorous development of stock trading, the number of operating personnel continued to increase, and the volume of business also continued to increase. At this time, coffee houses could no longer meet people's trading needs.
So in 1863, the stock market officially moved to the Broad Building on Wall Street, and the New York Stock Exchange and Administration Office was renamed the New York Stock Exchange.
The New York Stock Exchange was officially established.
Since then, the New York Stock Exchange has remained one of the most important stock exchanges in the world.
By 2009, the New York Stock Exchange was the largest exchange in terms of total market capitalization of listed companies, number of IPOs and market capitalization, and its trading volume was also among the highest in the world.
It is no exaggeration to say that without the New York Stock Exchange, America's efforts to use finance to reap global benefits would be much more difficult.
Looking at Zhang Weiguo who had been silent, Lin Qing reminded him in a low voice: "Boss."
Zhang Weiguo stopped reminiscing, coughed lightly, and said to everyone: "Let's discuss it and see if there is anything else that needs to be added."
Meng Cheng spoke first: "Boss, I have no problem with the listing price, but who should be sent to monitor it when it is listed?"
Zhang Weiguo looked at Meng Cheng and asked with a smile: "You are concerned about the listing, you obviously want to go to Amei."
Seeing that Zhang Weiguo had exposed his secret, Meng Cheng said embarrassedly: "It's been a long time since I last saw my old friend!"
"Okay, originally I wanted to let Lin Qing keep an eye on it, but since you said so, then you can go negotiate with the people at Citibank!"
Hearing Zhang Weiguo say this, Meng Cheng was immediately happy and said with a smile: "Thank you, boss!"
Zhang Weiguo said to everyone: "Since this is a discussion, don't be afraid of making mistakes."
After Zhang Weiguo said this, everyone started discussing it.
It was finally decided that Meng Cheng and Xia Xingze would go to America to be responsible for Huaxing's listing, and the matters under their charge would be temporarily handed over to their subordinates.
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