Chapter 1753 (1/2)
45 billion dollars, in the current era, is a huge sum of money in a real sense.
Even for an average country, $45 billion is astronomical.
Muye technology raised 45 billion US dollars. What it wanted was not market value or concept, but 10% of its own shares. To the underwriter, the underwriter had to give Muye technology 45 billion US dollars in cash.
Even if it's not a cash dollar bill, it must be the dollar cash that can be circulated in the bank account.
Li Mu's only worry is that Hong Kong's primary market does not have such a large capacity. After all, a market is relatively saturated in most cases, and the market value of the whole market is very large. However, the new 45 billion US dollars are used to buy the original shares of Muye technology, which really requires a high market volume.
What's more, Li Mu asked that stocks should not be put into Wall Street's pocket.
This is equivalent to rejecting a large number of US funded brokers and funds.
Chen Tao's demand for Li Mu was somewhat uncertain. He hesitated for a moment and said to Li Mu, ”total Li, the equivalent of HK $45 billion is no problem, but it's still a little difficult if we have to ask for us dollars.”
”Mr. Chen, we are seeking to go public in order to speed up the pace of global development. The funds we have collected will be used for the investment and development of Makino technology in the world, so it must be US dollars,” Li Mu said seriously
Under normal circumstances, the currency of this country will be merged by default when it is listed in any country. Because of the one country, two systems in China, Hong Kong SAR also has its own currency system. When a company goes to Hong Kong for listing and IPO in Hong Kong, it naturally defaults to trade in Hong Kong currency.
But Li Mu now knows the importance of the dollar in the process of international development.
This is one of the reasons why domestic Internet companies prefer to go to the United States for listing.
The liquidity of the US dollar is stronger. Internet enterprises have global development and global layout. If the cash in hand is US dollars, it is really convenient.
Otherwise, if it is RMB, it will be relatively difficult to operate the overseas business of Muye technology in the future, and it will not only exchange with the central bank.
Therefore, many multinational companies adopt the offshore operation mode, such as Makino technology, registering offshore companies in the Cayman Islands, holding domestic Makino technology, holding American Makino technology, and even the branches of Makino technology in the world in the future.
In this way, the domestic business of Muye technology in China can be settled in RMB directly. This is a settlement line, while the overseas business can be settled in USD. This is another settlement line. If there is more business expansion, it is imperative to add a euro settlement line. In this way, each currency market has subsidiaries of each currency Division to carry out independent operation.
If Muye technology goes public in Hong Kong and uses Hong Kong dollar for trading in the secondary market, that is, the public circulation trading market, after the official IPO, it has little to do with itself. However, if it is Hong Kong dollar that it has acquired in the primary market, it will be more or less troublesome.
For example, Muye technology will now hand over $45 billion worth of shares to Underwriters, who will sell them internally in the primary market.
So, who are the shares sold to? Most of them are other securities companies, investment institutions and investment funds.
A securities firm is equivalent to a wholesaler, such as a Hong Kong Securities Company, which has one million users. Some of the original shares he subscribes from the underwriter will be sold to his users in advance;
while investment institutions and funds are for the purpose of securities financing. If a securities fund has one hundred million dollars in hand, they will invest the one hundred million dollars in order to gain Capital has the potential to appreciate the stock, which can also give better returns to the investors of the fund, and the fund managers can also have greater gains. This kind of fund's love for the original stock goes beyond everything, identifying a company, and holding time will be very long, far beyond the ordinary retail investors.
Therefore, according to Li Mu's requirements, when the 45 billion shares are sold to these people in the primary market, they have to settle with themselves in US dollars, not in Hong Kong dollars. When they get these shares, what currency they are willing to trade in the secondary market is irrelevant to them.
Chen Tao thought for a moment and said, ”Mr. Li, we can first communicate with the partners about the US dollar and see the US dollar reserves in their hands.”
”If it's more Hong Kong capital, they can find a way to get us dollars. Even if there is a certain loss in the exchange rate, the value-added space of Muye technology is much greater than this loss. At present, they will naturally find a way for themselves,” Li said, nodding
”It's true that now the market is very optimistic about the future of Muye technology, and the original stocks are still very attractive,” Chen Tao said
Li Mu added: ”45 billion US dollars is just a threshold for entry, so Mr. Chen still communicates with the cooperative securities companies and capital to prepare more funds as much as possible, because we have another new project to start recently. If the concept of this new project is out, the market value recognition of Muye Technology will be improved by another level. At that time, Muye technology will be recognized by the market It's not impossible for the market value of science and technology to exceed 500 billion. In that case, either we will use 10% to finance 50 billion US dollars, or 9% to finance 45 billion US dollars. I don't think much of shares. So if the market is rich in funds, we are willing to give more shares for more cash. ”Underwriting stocks is like buying a house. If you have a million cash in hand, you can buy 125 flat when the house price is 8000, but when the house price is 10000, there is only one million flat, then you can only buy 100 flat houses.
Chen Tao asked curiously, ”Mr. Li, can you give me some details about the new project you said?”