Rebirth of the World’s Richest Man

Chapter 3805 Multiple Records

“The international team’s first stop is Xiangjiang, and then the second stop is...the last stop is San Francisco. The two red and blue teams of the road show finally connect in San Francisco and Beijing to determine the final issuance price.”

After Chi Rui finished speaking, applause broke out again in the conference room.

 The issuance price of Gongshang Bank's shares has indeed been set, but it has not yet been finalized. The road show is the last step in determining the final issuance price.

The initial issuance price is negotiated with the contractor. There is a price inquiry process and a rough issuance price. However, after the final road show and communication with some institutions and investors, there will be another one. adjusted.

The purpose of international roadshows is to promote communication and exchanges between domestic and foreign investors and stock issuers to ensure the smooth issuance of stocks. In overseas stock markets, stock issuers and underwriters must decide the issuance volume, issue price and issuance timing based on the road show situation.

For example, when Sohu issued stocks on Nasdaq that year, it adjusted the issuance price based on the situation at that time before the issuance was successful;

In addition, there are domestic connectivity companies. When they were listed in Xiangjiang, their early pricing was relatively conservative during the IPO, and later they raised the IPO price based on the road show.

There are also examples of failed road shows, such as the case of China National Offshore Oil Corporation. During its overseas financing that year, investors reacted coldly to the company during the road show. Although the company announced a reduction in scale and lowered the IPO price, the market still did not improve. In addition, the relevant departments different opinions,

  The IPO plan had to be abandoned and wait for the next opportunity. Therefore, the success or failure of stock issuance can often be seen from the results of road shows.

However, the failure of the road show has nothing to do with Gongshang Bank. Three state-owned banks have already been successfully listed. Even if Gongshang Bank goes public step by step, it cannot be said to have failed.

 Success will definitely come, it just depends on how far you can achieve it.

By the time the meeting ended, it was already past ten or almost eleven o'clock in the evening. Of course, Gongshang Bank had arranged a dinner party. Although Jiang Xiaobai said he came after dinner and was not too hungry, he still participated in the dinner party.

 Let's see if Chi Rui has anything else to say. He always has to chat with Chi Rui. The Gongshang Bank is about to start a road show, and Chi Rui is probably a little uneasy.

As expected, when Chi Rui and Jiang Xiaobai were having dinner, they asked Jiang Xiaobai about his confidence in the road show.

Jiang Xiaobai said with a smile: "Director Chi, God rewards hard work. I think what you said is very good. You don't have to have confidence in investors, but you must have confidence in Gongshang Bank in the past seven years.

 I am also very confident, so I believe that this road show will be a success. "

Listening to Jiang Xiaobai's words, Chi Rui had a relaxed smile on his face. In fact, he didn't want to get any answer at this time. He already had this answer in his heart. He mainly wanted to use other people's words to get it. Give yourself a little more confidence.

  After all, this road show can be said to be the most important work before going public.

 As long as the road show is successful, the listing of Gongshang Bank will be stable, which is very important.

“I believe that in twenty days, Gongshang Bank will create history.” Jiang Xiaobai continued to pick up nice words and said, as the leader of the four major banks, there is no reason why Gongshang Bank cannot succeed.

The next day, the vigorous road show of Gongshang Bank began. Jiang Xiaobai also participated in the international road show team. After participating in the road show in Xiangjiang, he returned to Shanghai non-stop and participated in the domestic road show team of Gongshang Bank. Roadshow activities in Shanghai. Everyone in the Huaqing Holding Group knows that Jiang Xiaobai has been making continuous appearances. It is estimated that Jiang Xiaobai will be busy discussing the listing of the bank throughout October.

On October 15, one week after the road show began, Gongshang Bank officially announced a public offering of shares in Xiangjiang.

The next day, starting from October 16th to October 19th, is the time for offline subscription of Gongshang Bank. It lasts for three days and will sell H shares...

Of course, the road show has not stopped and is still continuing. Time is passing by. The last day of offline subscription is October 19, the date for ICBC’s online subscription. At the same time, an online road show will be held.

By the 22nd, the fourteen days of the road show, which is two weeks, the international team of the Red and Blue Roadshow completed the road show in San Francisco, the country of Citi, and the domestic road show team completed the road show in Beijing.

 At eight o'clock in the evening, the two roadshow teams officially connected.

Jiang Xiaobai is here in Beijing, following the domestic road show team, and Mr. Huang and his people are following the international road show team in San Francisco.

This can be regarded as a historic moment. Both parties began to report on the bookkeeping status of the roadshow. Although they had already received feedback from the secretary and the market during each roadshow, this time, as the data came out one by one, everyone was still agitated. of excitement.

Whether this road show goes well or not ultimately depends on the market situation, and the market situation of Gongshang Bank is naturally very hot, so there is no need to say more.

 That night, the two parties also determined the issuance price. The final domestic A-share and H-share issuance prices were priced at 3.12 yuan.

There was a round of applause.

Mr. Huang and Jiang Xiaobai looked at each other from afar. This time they won again. The price of the shares they received was more than one yuan per share. This issue price allowed them to more than double their profit.

 According to the current situation, after listing, it is basically impossible to say that it will fall below the issue price.

During this roadshow, the amount of funds attracted offline and locked online became the first since the A-share new stock inquiry system. The total amount of funds locked offline for A-share issuance was 130.7 billion yuan, and the total amount of funds locked online was 650.3 billion yuan.

Not only is this grand occasion in the domestic A-share market, but also the situation in Xiangjiang is also very good. The public offering of H-shares in Xiangjiang has frozen funds of US$54.6 billion, which is also the highest record of frozen funds in the public issuance of Xiangjiang. The largest number of public offering applications. The number of applications for public issuance in Xiangjiang was 977,000, creating the largest number of applications for public issuance in Xiangjiang.

There is also the largest electronic application for public issuance in Hong Kong. The number of electronic applications was approximately 500,000, making it the largest electronic application in the history of Hong Kong's public offering.

With these records, after listing, there is no reason for the price to fall below the issue price. In other words, they must have made a lot of money on this investment, and the crowd cheered.

Chi Rui once again mentioned the words "God rewards those who work hard".

 (End of this chapter)