Companies that plan to be listed generally need to submit a prospectus to a securities company and sell shares, which involves stock underwriters.

A stock underwriter refers to a securities business institution that exclusively underwrites or leads an underwriting group in stock issuance.

Internationally, stock underwriters are generally served by reputable and powerful merchant banks (UK), investment banks (US) and large securities companies.

Goldman Sachs Investment Group is one of the world's top underwriters.

But in addition to Goldman Sachs, Morgan Stanley, Credit Suisse, Citigroup, etc. are also powerful underwriters.

The stock underwriter is the most important intermediary agency hired by the stock issuer. It is not only the underwriter of the stock issuance, but also the issuer's financial advisor, and is often the issuer's recommender for listing.

If the issuer issues shares globally, the underwriter at this time is also the global coordinator for the issuer's share issuance.

For new stock listings, generally the stronger the underwriter, the greater the chance and desire of buyers to acquire the shares. Therefore, finding one or several strong securities firms for listing is a process that every company planning to be listed must go through.

After the securities firm signs a securities underwriting agreement with the issuer and assists it in the public issuance of securities, it will also obtain corresponding underwriting fees, so this is not an obligation, but a paid one.

To put it simply, the Goldman Sachs Group is currently interested in the Phantom Technology in Li Qing's hands, and also knows that the Phantom Technology is seeking to be listed. As a top international investment bank and one of the famous securities firms, the Goldman Sachs Group has no reason to miss Phantom Technology, and it does not want to miss it.

Li Qing is a potential stock.

Under normal circumstances, companies listed on the New York Stock Exchange will distribute stocks and bonds to multiple securities companies. This involves the issue of profit distribution, so a lead underwriter must be assigned, and the lead underwriter will coordinate other members of the underwriting syndicate.

, and jointly complete the listing plan.

The president and vice president of the Asia-Pacific region of Goldman Sachs Group personally came to contact Li Qing, naturally in order to get the position of lead underwriter.

Li Qing was a little surprised that Goldman Sachs Group contacted him through Han Jiayou, but he didn't pay too much attention. Maybe the other party had more careful considerations?

In fact, in the past few months, basically all domestic securities firms have visited Hanhai, including those in Hong Kong, but without exception, they are not considered by Phantom Technology. This also makes domestic securities firms understand that,

Phantom Technology has no ambitions in China, so this craze comes and goes quickly.

But such news has not spread abroad, and some big investment banks are not very clear about the profitability of Phantom Technology. Among many top investment banks, although mainland China is developing rapidly, its profitability is not high, and the basic reason for high profitability is

They are all controlled by state-owned enterprises, so they often ignore this huge and rapidly developing market.

However, Goldman Sachs Group is rooted in Hong Kong and sees everything clearly from the perspective of Hong Kong's economy. It is also convinced that the rise of the mainland will be unstoppable in the future. Therefore, it has shifted part of its work focus to Asia a few years ago and has deployed additional staff.

Michel, president of Asia Pacific, takes charge of the division.

It can be said that Goldman Sachs Group was the first world-class investment bank to come to Li Qingxiang to discuss listing.

This made Li Qing a little happy.

He remembered that in his previous life, when Alibaba was listed, the world's top seven investment banks lined up to help Alibaba go public, but the other party was Alibaba, which had a market value of hundreds of billions of dollars. The tax payment alone was almost 100 million yuan a day.

Naturally, it cannot be compared with ordinary companies planning to be listed.

Although Phantom Technology shines very brightly in China, it is not comparable to Alibaba. Therefore, having a top investment bank come to discuss it in person with a very good attitude is already a top-notch treatment.

An underwriting group led by Goldman Sachs Group can not only increase the chance of listing, but also enhance the confidence of investors in the certification of new shares of Phantom Technology. Even if the underwriting fee is higher, it is a matter of killing two birds with one stone. Li Qing has no reason to reject the olive branch offered by Goldman Sachs Group.

.

However, there are three fiscal year requirements for U.S. stock listings, and Phantom Technology is still one year away from meeting the requirements. Is it a little too hasty for Goldman Sachs to come to the company during this time period?

------
Chapter completed!