As a reborn person, I have to admit that without the Nasdaq Stock Exchange, there would not have been the birth of high-tech giants such as Alibaba, Baidu, and NetEase in previous lives; without the Nasdaq Stock Exchange today, there would be no pENG today's market status, and there is no hidden birth of the world's richest man.
In previous lives, global investors on the Nasdaq market also enjoyed the dividends brought by China's rapid economic development.
In the 1990s, the original intention of the establishment of the domestic stock market was to provide financing services for the reform of state-owned enterprises. It was clearly stipulated that only joint-stock companies owned by the whole people and collectives could be listed for financing, and good private enterprises were not eligible for listing.
Nowadays, new stock issuance adopts administrative approval system and quota management.
The quota for listing indicators will be allocated by the Securities Commission to local governments and ministries and commissions in proportion to the quota. Pre-selected companies for listing are first recommended by local governments and ministries and commissions, and then reported to the Securities Commission for review.
The listing quota is used to solve the task of solving the difficulties of state-owned enterprises.
The quota quota should be given to the state-owned enterprises in the most difficult local areas, which cannot pay wages and need to spend a lot of financial funds to subsidize them.
Packaging is on the market, the pretty girl gets married first!
Take out the most profitable companies among the troubled state-owned enterprise groups, split the debt burden and costs into unlisted groups as much as possible, and then package them with beautiful statements, issue and list them at ultra-high valuations, and use the money raised from the issuance through related transactions. To solve the group's predicament, the listed company's funds can also be transferred by continuously purchasing the group's secondary packaging "excellent assets" at high prices.
The quota quotas allocated by the Securities and Exchange Commission to provinces, cities and various ministries and commissions for listing every year are too much. In order to make money from listings, all parties have shown their magical powers and tried their best to make money.
If you register a joint-stock company in the same month, you can go public that month.
Jiugui Liquor Co., Ltd., established on July 14, 1997, became a listed company four days later.
Xinghuo Building Materials Group Co., Ltd., Shunyuan Real Estate Group Co., Ltd., and Shuguang Automation Group Co., Ltd., which have excellent performance, are not qualified to be listed. Sun Jian has not asked for help, and has no plan to go public through a backdoor listing, lest St Company affect the reputation of the three companies!
The three companies pay dividends every year, the meat rots in the pot, and the financial reports do not need to be made public.
The reform of the stock listing system is not something that Sun Jian can accomplish alone, and it is also one of the main reasons for the slow development of domestic high-tech enterprises.
From the administrative examination and approval system to the approval system, it will take time to be successful.
The richest man who lives a low-key life and gives advice will not have good results!
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"Mr. Nelson, Mr. Osborne, Mr. Button, I will leave the IPO of Kunpeng Internet Company to you. Happy cooperation!"
“Happy to work with!”
…
The general meeting of shareholders almost unanimously approved Kunpeng Internet Company's plan to spin off and go public. The investors present were eager to try the issuance of 500 million new shares by pIc Company. There was no need for Sun Jian to go around for road shows. The board of directors had decided to IPO in early March and go public at the end of March.
The spin-off and listing of pIc from pENG is much easier than the first listing of a company, and there is no need for Sun Jian to worry.
AtIc Securities serves as the lead underwriter, and Goldman Sachs, Morgan Stanley and KKA serve as deputy lead underwriters.
AtIc Securities is known as the world's first Internet securities company. After more than five years of rapid development, especially after successfully issuing 300 million new shares early last year and raising US$10,000 in financing, it has added 35 securities business departments within one year, and its registered capital has increased to 4 billion US dollars, the total share capital increased to 1.3 billion shares, and now there are 70 securities business departments and 2,873 employees.
The top 70 major cities in the United States have one AtIc Securities Company securities sales department, and about 100 more will be added within three years, ensuring that the top 150 major cities have one or two securities sales departments.
At the end of 1998, there were more than 2,800 securities companies in the United States, with a total registered capital of more than 100 million US dollars. The top five were Merrill Lynch, Searson Securities, Dean Witter Securities, Pratt & Whitney and Goldman Sachs Group.
At the end of 1998, Merrill Lynch had 315 securities offices in the United States, with total assets of approximately US$287 billion; Goldman Sachs Group had 254 securities offices, with total assets of approximately US$213 billion.
AtIc Securities Company is not innovative and continues to follow the development path of large securities companies such as Merrill Lynch and Goldman Sachs Group. It will not be able to catch up with them in 30 years.
Kunpeng stock trading software and Kunpeng stock receiving card are provided free of charge to investors who open an account. Through the broadband access to the home, investors can see the stock price fluctuations in real time on their computers, allowing them to trade without leaving home, with a commission rate of 1‰.
AtIc Securities provides free daily after-hours stock market analysis reports to ordinary customers, and sells paid investment analysis reports on the stock market, futures, foreign exchange market, and bond market to VIP customers. Currently, it focuses on recommending Internet technology stocks on the Nasdaq market. Continue shorting natural gas and oil futures.
AtIc Securities has established itself as the world's first Internet securities firm in the United States, with 12.5 million customers. In 1998, the transaction volume reached US$278 billion, with total revenue of US$5.6 billion, net profit of US$10,000, and earnings per share of US$0.58. Net worth $6.67.
At the end of 1998, based on comprehensive indicators such as the number of customers, total revenue and net profit, AtIc Securities ranked 17th among U.S. securities companies. After more than three years of rapid development, it has been promoted by nearly 500 places, becoming the fastest-growing securities company. .
American investors can only open one U.S. stock account at one brokerage, but can open hundreds of U.S. stock accounts at other brokerages.
At the end of 1998, 3 out of 10 people in the United States were stock traders, with 85 million registered people. Today, it is still a market dominated by retail investors.
U.S. companies use a registration system for listing. Companies that have not made a profit for three years can also be listed. Investors are responsible for the stocks they invest in. Among the more than 8,500 listed companies on the New York Stock Exchange and Nasdaq, only 10% of the stocks are gold. , 90% of stocks are junk. There are many stocks with daily trading volume of less than 500,000 US dollars and stock prices below 1 US dollar.
AtIc Securities invested US$300 million in At&t Broadband last year, holding 300 million shares, accounting for 10% of the shares, making it the fourth largest shareholder.
The board of directors of At&t Broadband has decided to launch an IPO in the second half of this year, with a public offering of 1 billion shares and listing on the New York Stock Exchange.
AtIc Securities' closing price yesterday was US$37.75, with a market value of US$49 billion.
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"Mr. Sun, VALinux currently has more than 200 employees. The company has been losing money for three years. With the concept of making the computer operating system public, it will conduct B-round financing on the 21st. It plans to issue shares publicly in early June and strive to trade on Nasdaq in the second half of the year. The company is listed on the stock market, but the financing price per share is as high as US$20, do we participate?”
Yu Jianguo and Lin Chang walked in, and Lin Chang held a VALinux B-round financing report in his hand.
"Mr. Lin, does your investment department think it has investment value?"
Sun Jian was not familiar with the company VALinux in his previous life.
