[Everyone remember to vote for more monthly votes, and there are additional monthly votes. Let’s talk about it later. Now, the updates that owed rewards will be cleared first. It will be exposed. Monthly votes~]

In the past ten days, Luo Sheng and his team members crossed Asia and Europe together. The trip can almost circle the earth several times, and almost half of the time is flying in the Tianshan Mountains, a city every day.

At this moment, I flew into the special plane to New York.

"I think everyone is very excited. The management showed a good style during the roadshow tour on the listing. It completed the World Global Roadshow event very well, allowing investors around the world to see that this is a young and visionary management team."

Luo Sheng said to everyone with a smile that everyone is really excited now, because the last moment has entered the countdown.

Bluestar Technology Group ipo is already in front of you.

Erin said with a smile: "This global roadshow, after data audit statistics, we have received more than 2,800 investment institutions and more than 120 billion US dollars of active subscriptions."

Everyone showed a gaze of surprise when they heard this, which means that Blue Star Technology decided to raise 5.6 billion yuan this time, and there was a fierce competition of more than 21 times its capital.

Even though I knew the company would be good before the roadshow, it was far beyond everyone's expectations.

Some companies have iPo roadshows, and almost no one cares about it.

The roadshow of Blue Star Technology Group is obviously a huge hit and there is no need to worry about selling.

Of this $120 billion capital, it means that $114.4 billion will not be able to obtain this subscription and will accompany you.

The competition can be said to be quite fierce.

The management undoubtedly admires Luo Sheng's foresight again. It was precisely when he decided to use bidding to raise IPO and split it into three times for financing, which not only achieves the financing purpose but also reduces equity dilution as much as possible.

Such enthusiastic subscription event, in addition to the great prospects of Blue Star Technology Group, this roadshow also played a very important role. Luo Sheng's speeches have undoubtedly made more investors interested in Blue Star Technology Group, and the investors who were originally concerned have become more determined.

Nothing else.

The future blueprint that Luo Sheng painted for everyone is really attractive. Although it seems to be painting a big pie, the problem is that judging from the current performance of Blue Star Technology Group, it is highly likely that the big pie drawn by Luo Sheng will turn into a real real pie.

Therefore, there is no shortage of investment institutions that pay for it, and they are all flocking to it.

...

The special plane landed smoothly at New York International Airport. Luo Sheng and his core team ran for more than ten days in a row, and they could have a full day off two days before listing and trading.

24 hours passed in a flash.

The next day, March 9, Luo Sheng came to Manhattan Island, and other core management personnel were accompanied by Qin Weimu, Erin, Xu Yong, Zhang Bowen.

At around 10:00 am that day, Luo Sheng and others entered the conference room of a luxurious building on Manhattan Island.

At this moment, major securities underwriters have already arrived. The conference room is of medium size. There are currently dozens of people gathered, most of whom are in suits, ties and tie, while women are in formal wear.

The people sitting in this room were basically top-ranked Wall Street capital institutions. Sun Zhengyi, the head of SoftBank, was present, and investment banks such as Goldman Sachs, JP Morgan, Morgan Stanley, and Merrill Lynch were present.

These people are big shots who are powerful in Wall Street and the capital investment industry.

In addition, Xu Chenghua, who represents Teng Xun and his second largest shareholder of Blue Star Technology Group, was also present, and the representative of Huajin Securities was also present.

"Mr. Luo Sheng, everyone, please take a seat here."

After Luo Sheng and others entered the conference room, a staff member in formal clothes immediately stepped forward to greet him and made a very polite gesture to guide everyone to take their seats.

Luo Sheng and others also sat in their own seats.

At this time, Henry Paulson, the head of Goldman Sachs Group, immediately said: "I represent the joint underwriter of this time. Mr. Luo, there are less than 30 hours left before the listing transaction time. It is time to announce the price per share."

There is no doubt that Goldman Sachs Capital has been one of the high-profile VCs since its investment in Blue Star Technology Group.

Luo Sheng smiled and said, "Of course, after our internal discussion, we decided to bid for the share price of Blue Star Technology at a minimum limit of US$37 per share and a maximum limit of US$47. The investment amount of a single investment institution is US$500 million."

When everyone heard that no one answered immediately, they were thinking in their hearts.

The upper and lower limits set by Luo Sheng mean that the amount of US$500 million can theoretically be subscribed to a maximum of 13.5 million shares, at least 10.63 million shares, or even less.

When new stocks are issued for bidding, subscribers can subscribe at prices they can accept.

After a while, Sun Zhengyi, who was present, immediately said: "SoftBank invested $500 million and subscribed at $47 per share."

As soon as these words were said, the representatives of the investment institutions in the audience were shocked. After reacting, the major securities investment banks suddenly rolled their eyes.

What does it mean to be drunk?

I'm really drunk now.

This bastard is straightforward, with the lowest price per share of $37. He is better, so he directly raised the price to $47.

How can you resist this kind of person who is so stupid that Kier is raising his stock price right away?

How to play this?

If Lao Sun doesn’t talk to you, SoftBank will steadily eat its own portion first.

Next, other investment institutions also bid for auctions.

"Subscribed $500 million per share."

"Subscribed $500 million per share."

“Subscribed $500 million per share.”

Major investment institutions have made a lot of money and are blushing. Just kidding, it is a fool to not compete for such potential stocks.

Although underwriters and investment institutions are very unhappy about Luo Sheng’s bidding financing routine.

But one code is the same.

Even if it is bidding for financing, the capital institutions present still make crazily profitable, and all individual investment institutions have raised the investment amount to a maximum of US$500 million.

Luo Sheng would never doubt that if he let go of a single investment institution, the maximum investment amount could reach US$1 billion, and he would also be raised to the highest level.

Nothing else.

The original shares of Blue Star Technology Group, they dare to eat as much as you dare.

One thing that is certain about this IPO is that Luo Sheng hopes to raise $5.6 billion is definitely possible. The only uncertainty is how much equity capital can be sold less when raising $5.6 billion.

Now it can be said that it is a stage of division within the primary market, but it is still a situation where there are too many monks and fewer meats. You will definitely not get it at a low price, so you can get less and get a high price.

Ultimately, the price per share is $47.

The major underwriters were helpless. If they had known this, they might as well make the issue price directly at $47. Everyone scolded Sun Zhengyi in their hearts. If he hadn't raised the stock price as soon as he came up, he would have been able to gain more shares.

However, there is a big difference for Luo Sheng. He determined that the issue price and the subscribers' own bid are completely different concepts.

It is worth mentioning that the final issue price is US$47 per share because this price can meet the maximum trading volume of all subscribers, so US$47 becomes the final issue price.

All subscriptions above and equal to US$47 can be subscribed to new shares, while subscriptions below US$47 cannot be subscribed to none.

What should you get if the price is higher?

This time, the Blue Star Technology Group IPO has more than 2,800 institutional accounts subscribed, with the subscription amount exceeding US$120 billion, which is 21 times the oversubscribe.

The specific allocated is the underwriter who plays a leading role. The final allocated situation is that the shares allocated by the top 30 large institutional customers account for 50% of the allocated shares. At the same time, in a strong contrast, 80% of the subscription accounts are zero allocated.

That is to say, more than 2,800 institutional accounts expressed subscriptions this time, but in the end, 2,240 institutional accounts directly accompanied them, and they did not get a single big deal in the primary market.

This leads to the very obvious "28 phenomenon" that was finally allocated.

Just very angry.

But there is no way. The stocks of Blue Star Technology Group are now at a pace where investment institutions around the world are rushing to grab.

Among the 560 subscription accounts allocated, 30 large institutions were allocated 50%, and the remaining 50% were divided by another 530 small and medium-sized institutions. Obviously, there is not much allocation ratio for individual institutions, and this is not evenly allocated. The "28 phenomenon" here is also very obvious.

Generally speaking, in order to stabilize stock prices, in the US market, investment banks and listed companies will give priority to meeting the needs of some long-term investment funds, and they will also take care of old customers, which will inevitably lead to the "28 phenomenon" very eye-catching.
Chapter completed!