Chapter 673 - Going Public (1/2)

Chapter 673: Going Public

Translator: _Min_ Editor: Rundi

The next , despite an extra twenty thousand copies of the Wall Street Journal being printed, the shelf was cleared out immediately

The reason as because of two nay and First B City Bank

In the next while, the two naazines, websites and forums The former was recently in turbulence due to the anti-trust scandal while the latter’s stock price and client nued because of the client information leak

It was not difficult for people aware of the situation to draw connections

Future Heavy Industries intervened in Saudi’s freshwater project, but Matrix was controlled by First B City Bank and B City Scientific Both companies were subsidiaries of B City Consortiu all the players, the entire event beca Chen touched the cake of B City Consortiue the ie of Future Group and that unfolded the economic war

An irresponsible hypothesis, based on the control of each consortiuhly likely that the anti-trust investigation against Future Technology was the work of B City Consortium And the infiltration of First B City Bank’s fireas likely done by Future Technology, since they were the leader within the tech industry capable of artificial intelligence

But last night, both companies published the sa a partnershi+p in the virtual reality financial field to pave the road to virtual reality shopping The information immediately defeated all the rumors and First B City Bank’s shares spiked by 6 on the day

It was the first rebound the share experienced since the leak

Not only was VR + Finance an element, Future Heavy Industries will separate the production and distribution in the freshwater project to forh Tech Freshwater Supply The company was injected with 400 e for 208 of Matrix to replace the Loki faest shareholder of Matrix The two coies in its operations Matrix will utilize its vast resources to gain clients while Future Heavy Industrial will digest the contracts

To Future Heavy Industries with only technology, an equity sith Matrix was the perfect choice

At the sah Tech Freshwater Supply went public with First B City Bank as the sole book runner

The IPO of High Tech Freshwater Supply o public The Wall Street investors were full of expectations with analysts predicting the Saudi freshwater supply would generate at least 400 e deion, the number could more than likely double!

Based on the a P/E ratio of 15 times, the company with only 400 million US dollars in equity could exceed a ear toward 10 billion in a year’s time!

The tre

With the assistance of B City Consortium, the IPO process went smoothly The previously tedious process was not a problem with the support of the consortium and the passion of the investors

As to why Jiang Chen suddenly changed hispublic, it was because of Carson Loki’s words

They already reached an agreeainst going public from the start The reason was simple; he firmly believed in the potential of the freshwater business Future Group didn’t lackpublic to draw additional funds

“Saudi is UA’s strategic ally, even if we are not here to intervene, your business won’t be so smooth in the Red Sea”