nashuaworldcup Chapter 194: Price gouging, IPO a great success
Chapter 194: Price gouging, IPO a great success
Follow the IPO process at this time.
After the road show, investors had an in-depth understanding of ASML and already had a valuation in their minds.
At this time, you should submit your own quotation to the issuer, including the subscription price and subscription quantity.
The Cayman Capital and ASML teams will evaluate the investor’s offer based on the situation.
Eliminate some invalid quotes and high quotes, and determine an issuance price or price range.
If a price range is determined, the power to determine the final price rests with Cayman Capital and ASML.
Wang Lei’s valuation of ASML is around US$100 billion to US$120 billion, which is based on ASML’s revenue in the past year.
Most companies' valuations of ASML are almost within this range.
The price converted to per share should be between US$20 and US$24.
But now as a troublemaker, Wang Lei will definitely not let major institutions take ASML's shares so easily.
So he wrote down his quotation early on the quotation sheet:
Subscription for 7500 million shares at $50 per share!
At this time, Akhben suddenly received a call, and his expression suddenly darkened.
Krumbauer asked with concern:
"Sister Akhben, what happened?"
"Brother, something is wrong. Wang Lei suddenly changed his quotation. He wants to subscribe for all the issued shares, and the quotation is as high as $50!"
Kembauer was also startled, but quickly calmed down and comforted Akhben:
"Don't worry, his offer is too high and will be considered invalid."
"Brother, this is how naive you are. Everyone knows that Wang Lei is determined to win ASML's shares. If you were Robert from Cayman Capital, would you give up his offer?"
Akhben said confidently:
"I can guarantee that as long as Wang Lei dares to make an offer, Robert will dare to sell."
Who doesn’t want to raise more funds for the company, and the total valuation of ASML will also rise.
"I understand what you mean. I must increase my offer as well."
Kembauer was still a little hesitant because Wang Lei suddenly doubled ASML’s valuation.
If you want to seize food from the tiger's mouth, you must pay a huge price.
"ASML has long-term investment value. Although they have poached a core team, they are still in the world's leading position in the field of lithography machines... After listing, the stock price will remain high. If you subscribe now, you will only make a profit but not a loss." .”
With this in mind, Kembauer took out a new quotation sheet.
It was written on it to subscribe for 7500 million shares, and the price per share was as high as $51.
The quotations from the investors present were collected.
Asmai's face became extremely exciting, full of excitement.
Robert, who had expected it, was relatively calm.
"Sir, letting Wang Lei participate in the subscription is a right move.
All major investment companies have revised their valuations of us.
Semiconductor companies led by Intel and large private equity firms on Wall Street have all made offers far exceeding $50. "
Robert also nodded and said:
"Looking at it this way, all subscription prices below US$50 have become invalid quotes. We will use US$50 to US$55 as our issuance range and make the final round of subscription confirmation with the remaining subscription investors."
When Asmai announced the news, there was an uproar.
"Shady! There must be a shady!"
Investors who were eliminated protested.
In fact, they felt extremely regretful in their hearts. Seeing that everyone was so optimistic about Asmai, they definitely didn't want to miss this opportunity.
Robert had to personally publish all the investors' quotations.
“To sum up, there is no problem with the distribution range of 50 to 55.
I can only say that I am very sorry. If you miss it, you will miss it. However, you still have the opportunity to invest. ASML will be officially listed on the New York Stock Exchange and you can buy our shares in the secondary market. "
"As for now, we have officially launched the subscription. For the rest of you, please fill in your subscription price again."
"Cayman Capital will determine the final price with the ASML team."
Robert didn't shy away from showing a profiteer look at this time.
It aroused a burst of contempt from everyone.
Do you still need to make a final inquiry for this? You can just say the final price is 55 US dollars per share, and then divide the results directly.
Listening to the protests of many investors, Robert's expression relaxed.
But at this moment, Wang Lei suddenly raised his hand and said:
"Robert, if I offer $60 per share, can I directly subscribe for 7500 million shares?"
This caused the entire scene to become chaotic.
He scolded Wang Lei for being a big dog.
What made them secretly feel that something was wrong was that the profiteer Robert had a look on his face.
Some people came up with a higher price, but the price of $60 per share was too high, far beyond their expectations. They came to make quick money, not to be a taker.
No one can guarantee whether ASML will directly fall below the issue price after listing.
Seeing Kembauer's hesitant look, Akhben provoked from the side:
"Brother, now is the best chance to defeat Wang Lei head-on. No one in the family can defeat Wang Lei. You can definitely use this to stand out among the successors."
Her words seemed to have a magical power, and in the end, Krombauer was overcome by his temporary desire to win.
He stood up and raised his hands:
“We, Poseidon Private Equity, are willing to pay US$61 to subscribe for the 7500 million shares sold by ASML!”
That's $45.75 million!
While everyone was sighing that the Ross family was really rich, they were also glad that someone finally stood up to stop the big devil Wang Lei.
Robert did not respond, but looked at Wang Lei slyly again.
He tried to turn the subscription meeting into an auction.
Wang Lei smiled:
"Okay, okay, you win. I have all this money, so I might as well invest in my own Peninsula Technology Company. I hope that next time we meet, everyone will not be so hostile to me again."
Instead, Krombauer began to worry about gains and losses. He bought 45.75% of ASML's shares at a high price of US$15 billion. He felt a bit like being taken advantage of, but he couldn't help but feel happy when he thought that by blocking Wang Lei, he would gain the praise of his family. stand up.
"Akhben, when I get my share of the family's reward, I will thank you very much."
"I'll wait and see!"
As soon as Wang Lei walked out of the venue, several major semiconductor manufacturers caught up with him.
"Mr. Wang Lei, when will Peninsula Technology be listed on the market?"
Don't think that these people have no position and are nothing in the face of interests.
Wang Lei thought for a moment and responded:
"Peninsula is preparing to go public. I am not Robert, and I will not do anything like bidding. I will inform everyone when the time comes, and there will be fair competition among everyone."
His words undoubtedly slapped Robert in the face and showed that he would not engage in ideological confrontation, which made many foreign businessmen praise him.