Commitment not to intervene in the shares of Busan Mining, Li Changheng exchanged from Francis and the politicians behind him in return, the underwriter of Busan Mining's listing must be Belford Investment Company.

Li Changheng knew that Busang Mining was a pit, and of course he would not jump into it.

Therefore, in order to avoid trouble, Li Changheng also decided to let Busan Mining and the future shareholders of the company handle the review procedures and pre-listing review by themselves.

Belford acts only as an underwriter for the public offering.

This time, Francis, who had recently strengthened his financial knowledge, couldn't help but curse in his heart.

There are review and approval documents issued by the securities regulatory department. The problem has nothing to do with Belford, but Belford's profits are not small.

Moreover, it is very difficult to join the competition for the shares of Busan Mining by yourself, and it will attract more people to compete because of your participation.

When the stock price is high, and then sell the shares in your hand, you will make money, but in the future, 100% will become the first target of cursing and accusations by the media and investors.

Who makes their fame and influence the most.

As for investors being deceived, the responsibility lies with the lax review of Busan Mining and the Securities Regulatory Commission. The media that need news and investors who have lost money will not care so much.

For a company to list on Nasdaq, in addition to some mandatory compliance requirements required by the securities regulatory department, the first thing to do is to find a listing underwriter.

The role of the underwriter is to help the quasi-listed company go public, and to put it bluntly, it is a middleman.

Commercial banks, investment banks and large brokerages are basically qualified to help people go public.

Therefore, the underwriter will first negotiate with the quasi-listed company about the issue price and the number of original shares put into the stock market.

Generally speaking, it is 25%, and these shares are all handed over to the underwriters to operate and trade, and then in order to make money, these underwriters will try their best to lower the stock price of the quasi-listed company.

For example, the issue price that was finally negotiated with Busan Mining was 10 US dollars at the time of listing. Then the higher the stock price soared after the opening, the more Belford Investments, which holds 25% of the shares, will earn more.

Even before the listing, when meeting with institutions and investors interested in Busan Mining, if the underwriters make small moves, it is very likely that some of the original shares will be pre-sold to their people before the listing.

Those who have obtained pre-sale qualifications will most likely get a portion of the outstanding shares at a low price of $10 or $11 when listing inquiries.

There are even brokerages who will buy listed tradable shares to raise the stock price, and there are too many ways to circumvent the law.

Overseas banks escrow funds for stocks to be traded, seek help from other brokers, or find cooperation with investment institutions, or even report to the securities regulatory department, and brokers can buy a certain percentage of stocks themselves.

The only problem is that the shares bought in this situation will take at least half a year to buy and sell.

Then wait for the stock price to skyrocket, or sell it, or wait.

To wait until the stock price is higher and then sell it is to cut the leeks of Busang Mining, shareholders and various institutions.

----

Li Changheng waited for two days, and after getting the exact reply from Francis' group, he picked up the phone and called Frank Abanel.

To be honest, there is still a difference between a brokerage and a brokerage.

The securities companies that can provide customers with listing services have basically gone beyond the pure securities companies and developed towards the direction of investment banks.

Frank, as the executive shareholder who raised Belford, of course thought about developing the company into a big investment bank like Goldman Sachs, Morgan Stanley and Merrill Lynch.

But after talking with Li Changheng, Frank quickly understood that Belford had always been Li Changheng's, and he was just a nanny and a housekeeper.

Fortunately, he holds 20% of the shares in his hand, and after Belford became the main underwriter of subprime financial derivatives, not only did he make a lot of money, but the company's market value doubled directly.

Although Frank was lost, he was not disappointed and resentful.

Moreover, Li Changheng had promised that after Belford was sold, he would become one of the shareholders of Citi, so Frank had some vague expectations for the days after he joined Citi.

The identity of a Wall Street brokerage is definitely higher than that of a Citibank banker.

Besides, as long as he follows Li Changheng closely, Frank believes that his future will be better.

So Li Changheng called, and Frank immediately ordered the company's elite, as well as a team of lawyers and accountants to hold a meeting.

The next day, Li Changheng came to rent Belford on the 18th floor of the New York Stock Exchange Building. In an instant, more than 200 people in the company cheered and screamed excitedly.

Li Changheng smiled and waved to the seventeen or eight female employees in women's suits standing in the first row, which once again attracted even louder screams.

As for male employees, he doesn't care.

Walked into a conference room with an area of ​​about 60 with Frank~lightnovelpub.net~ Frank joked, "Henry, some of the girls just now are the company's ace Guan Gong and telemarketers, if you are interested if,,,"

"Shut up, you bastard."

Li Changheng interrupted Frank and said angrily, "Don't think that I don't know what you and your petites have done in the company.

Those girls out there, not only have to deal with the gangsters outside, but also you **** in the company, right? "

Frank smiled, "You love me, and it's helpful to their work and performance, and here on Wall Street, there are many more crazy people than me."

After speaking, Frank looked up at the door of the conference room, and after confirming that no one was there, he lowered his voice subconsciously, "I know a group of people who go to the country town or the mountains every month to play a hunting game."

Li Changheng was stunned for a moment, what was so strange about hunting, and then he scolded him in response.

I have heard that some people regard the same species as hunting objects before, and this business seems to have existed in the United States for a long time.

Glancing at Frank, frightened Frank quickly waved his hand, then took out Franklin Zhang from his pocket, "Don't worry, Henry, I'm not that crazy, making money and women are my favorite hobbies."

Li Changheng nodded with satisfaction and talked about some daily topics. At 9:30 in the morning, Wells Busan, the owner of Busan Mining Company, and Mike Asta, a geologist, appeared in the New York Stock Exchange building. under.

After getting out of the car, Wells Busan put his arms around Mike Asta excitedly.

The other hand pointed to the narrow streets of Wall Street, and the Nasdaq, the American Stock Exchange, the New York Futures Exchange on both sides of the street, as well as banks such as Morgan Stanley, Goldman Sachs, DuPont, Citi, or insurance, shipping, railway company building.