383. I will pay it back sooner or later when I come out!

The subscription code of Bomi Technology is [Bomi Technology 0860.HK], and it will be issued on October 25th.

In 2007, the stock code of Hong Kong stocks was still 4 digits, but it will not be changed to 5 digits after 2008. The original 4 digit code will be added to the previous 000.

In other words, by 2008, the code of Bomi Company will become 00860

Speaking of which, this number is easy to remember, and thanks to Boss Cao's luck, he selected this one among a lot of numbers.

How many people want 8 and 6 and can’t even envy them.

The subscription code of Hong Kong stocks is the same as the stock code, which is different from the Shanghai Stock Exchange. The subscription code of the new stock in the Shanghai Stock Exchange is inconsistent with the stock code that was officially listed and issued later.

So many people will confuse it.

During this period of the issuance period, customers can subscribe to Bomi New Shares online.

According to Bomi Company's discussion with underwriters, the total quota ratio of new stocks online and offline is 9:1, 90% online and 10% offline, which is also the distribution habit of most companies listings.

Among them, retail investors account for about 60% and institutions account for about 40%.

The larger the company goes public, the higher the proportion of institutions will be. In fact, this is also an inevitable situation. Many institutions buy stocks as tools for financial management and capital returns. If the company operates well and has a stable market confidence, then large institutions are willing to invest in such companies.

For large-scale companies like Bomi, the proportion of retail investors is likely to be compressed to 50%.

It’s not because the brokerage firms deliberately compressed it, but the main problem is still the same -

The amount of funds raised by Bomi Company this time is really too much. No matter how strong the amount of retail investors is, it is difficult to reach a higher proportion.

Before the results were released, the underwriters were actually under great pressure because before Bomi, they had never operated such a large IPO project.

Many underwriters will contact their familiar major customers and can apply in advance if they are willing to subscribe.

In fact, before Bomi started the global roadshow, some global buyers had been finalized.

The timing of Bomi Company's listing this time is really good, it is similar to Alibaba's time in his previous life.

First of all, Bomi Company has a huge scale and is doing a pretty good job in revenue. According to market conventional judgment, Bomi Company is definitely worth investing in.

Secondly, there was a serious subprime mortgage crisis in the United States, and many companies filed for bankruptcy due to losses. Capitalists became panicked about the US stock market. If they kept their money on the local stock market, it basically meant losses.

It’s better to invest the money and transfer it abroad as soon as possible.

Now the big guys on Wall Street are either transferring investment or shorting the stock market. There is a large company like Bomi to go public. How can it not make people feel crazy?

Therefore, under the combined effect of the two forces, the 60 billion US dollars raised by Bomi Company was originally an astronomical figure, but it was all subscribed in just 24 hours.

Even beyond their expectations, it is conceivable how ruthless and blind capital is.

Or it should not be called blindness, but wherever there is security and profitability, it will flow to wherever it is safe.

In his previous life, Ma Yun decided to let Alibaba Network Co., Ltd. go public in 2007 because he saw that the financial crisis was coming and hoped to raise funds before the crisis came.

Even though the United States faced the impact of the subprime mortgage crisis, Alibaba's stock rose 38.07% after its listing, which shows how panicked the investors back then.

However, it is also because Alibaba is indeed a promising company.

Putting aside Alibaba's senior style and internal filth, at least Alibaba's employees and Alibaba's products were very worthy of wide recognition in 2007.

Now Bomi Company has embarked on the path of Alibaba's previous life, but its size is not the same level at all. In this case, Bomi Company's new share issuance exceeded the task, which further shows that Bomi Company is powerful and Boss Cao's vision is so vicious.

...

In fact, what Cao Yang is thinking about is the same thing as Ma Yun—

It is actually a lot of benefits to go public at the end of 2007.

First, after the company's IPO is over, a large amount of funds will be raised, and this reserve of funds will greatly accelerate the company's expansion.

If Bomi Company is not listed, then it will probably take 10 years to reach its current scale and make such a lot of money of 80 billion US dollars.

This is also the reason why companies like to go public.

Second, it was launched at the end of 2007, which just happened to avoid risks.

If you are likely to guess that a serious financial crisis will occur in the future, then the risk aversion method is not to not go public, but to go public as early as possible.

Many people think this is not stupid?

What should I do if I encounter a financial crisis and stocks plummet after listing?

In fact, after the IPO is completed, the stock price will not have that much impact on Bomi Company.

Because after going public, Bomi Company has really made the $80 billion, and it has already been eaten. The company's shareholders have signed an agreement to lock in equity, which means that there will be so many stocks circulating on the market in the future.

The rise and fall of these stocks later did not have that much to do with Bomi Company, and it was the entertainment behavior of stock players.

When will these stocks become related to Bomi Company?

First, Bomi Company sells stocks, and second, Bomi Company buys stocks.

Of course, stock prices have not had no impact on the company.

The rise and fall of stocks affects [the confidence of future investors]. If the decline is too severe, it will be more difficult to raise funds in the future.

Another point is that the stock price affects Boss Cao's personal wealth.

The price on the first day after the opening will determine how much Boss Cao really has. Judging from the current situation, because there are too many subscriptions, it is not very likely that he will fall below the issue price after listing.

Even if the market closed at the issue price on the day of the starting lineup, Boss Cao's net worth is already as much as 78 billion US dollars, firmly sitting on the throne of the world's richest man, nearly twice as much as Bill Gates, who now has a net worth of 40 billion US dollars.

...

Moreover, after Bomi Company went public, regardless of the rise and fall, it was a good thing for Cao Yang.

The rise in Bomi's stock price shows that the market is full of confidence in them.

If it fell, it was not because of Bomi's own reasons. It was most likely affected by the global financial crisis. In this case, many investment institutions could not protect themselves. In the past life, Citibank's stock in the United States fell from US$28 to US$3 in 2008, and directly evaporated half of the bank, similar to a small bank.

With so many giants taking the blame, it is normal for Bomi Company to fall.

But even if it falls, there will be a process. When the US financial crisis affects China, it will be almost July next year.

Bomi has enough time to deal with this financial crisis.

As long as Bomi's stock falls, Cao Yang is ready to buy it.

Because it will rise sooner or later.

According to Buffett's theory, the market price will always fluctuate according to actual value. You cannot buy this stock because it fell today. It will sooner or later rise to how much it is worth.

So even though Apple fell very badly after 9/11, it also soared to world-class large companies.

Cao Yang is very confident in his company.

What's more, he does not think that Bomi's stock will fall. Even if it is affected by the financial crisis, Bomi's stock will likely grow.

The most severely impacted this time was first real estate, followed by various banks and insurance companies that borrowed for real estate, and then they would affect all aspects from real estate.

But the Internet industry is quite special. In 2008, many Internet companies increased instead of decreasing after the financial crisis, and entered a small golden period.

The reason is also very simple. When residents have no place to consume and dare not consume, online games have become the biggest entertainment method and consumption point, so the crisis also breeds opportunities.

...

If Bomi Company is not listed, it will actually be affected by the financial crisis.

And there is also a large amount of reserves missing.

Now that it is listed, with 80 billion US dollars in hand, Cao Yang can take advantage of this financial crisis to show off his strength.

...

If the number of new shares of Bomi Company issuing too many, exceeding the number of issuances of Bomi Company, then a lottery is required.

For example, Bomi Company issued a total of 1.6 billion yuan, with an issue price of US$50 and HK$400. Then when the subscription amount is greater than the number of 1.6 billion, it will be held [lottery]

According to the relevant regulations on the issuance of new shares, when the effective subscription volume is greater than the online issuance volume, the Hong Kong Stock Exchange trading system host will automatically determine a subscription number based on the valid subscription number for every 1,000 shares or 500 shares, and a unified and continuous allocation of valid subscription numbers will be made, and the winning rate of the stock issuance will be obtained. The next day, the underwriter will organize lottery draws according to this winning rate.

The smaller the winning rate, the stronger the stock:

Because there are too many people applying, in fact, whether you can apply depends on how many competitors there are. The more competitors, the lower the winning rate will naturally be.

After winning the new stock, you can trade it after it is listed.

Generally, brokerages have a special function that is to subscribe to new stocks. Open the brokerages' software to find it easily.

If brokers do not have this function, they generally have problems.

Since the listing threshold of the Hong Kong Stock Exchange is relatively low, there are also many listed companies, including many high-value companies, such as Bomi and Alibaba, which are listed this year.

Speaking of which, it is really a difficult time for enemies. Bomi Company will be listed this year and the date will be around November. Alibaba has a similar time.

Now Alibaba's stock has been issued and is scheduled to be listed on November 8th.

The listing date negotiated by Bomi Company with the Hong Kong Stock Exchange is November 17.

It's even later than Alibaba.

There is no threshold for new stocks in Hong Kong stocks. As long as you have a qualified brokerage account and have sufficient minimum subscription funds, it is generally called the entry fee. If you multiply the first-hand stock by the issue price, each stock is different, you can participate in the subscription.

Unlike A-shares, you need to calculate the market value of your holdings.

There is no need for any holdings in Hong Kong stocks.

New stocks can be financed and new stocks, and up to 10 times the financing, but the financing leverage of each stock is different.
To be continued...