Chapter 442: Underwriters Finalize
1.5%…
Regarding the listing situation, Wang Liu has also learned a lot in recent days. He knows that the charging standards of the lead underwriter are generally 1.5% to 3% of the actual raised amount, and the charging standards of the distributor are 0.5% to 1.5% of the actual raised amount.
With Goldman Sachs' status as a leader, he would definitely be the lead underwriter and directly quoted the lowest fee ratio when he came up, which is considered sincere.
He also acts as a listing consultant for free. Although this amount of money is completely negligible compared to the underwriting fee, no matter how small the mosquito legs are, they are still fleshy, so it is better to save it.
There is also a sponsorship fee...
Wang Liu glanced at He Jiayi: "How much discount can Mr. He give?"
He Jiayi said: "It depends on where Mr. Wang wants to choose to go public. If he goes public on the US stock market, the sponsorship fee standard is between one million and one and a half million US dollars. We can follow the minimum standard and get a 20% discount, only 800,000 US dollars.
If you are listed on the Hong Kong stock market, it will be much simpler. Currently, the current securities laws in Hong Kong only stipulate that companies listed on the GEM need to hire at least one sponsor, while the main board does not require it.
With Tiansheng's size, if you want to use it, you must use the motherboard, so... there is no need for a sponsorship fee."
Not needed?
That's really much simpler, but...
Since you don’t need it, what did you mention just now? Didn’t Zhou Zhixiong tell you that I have already decided to go public on the Hong Kong stock market?
Wang Liu glanced at Zhou Zhixiong with some suspicion. The latter understood it and immediately said, "I forgot to tell you that Mr. Wang has decided to go public on the Hong Kong stock market."
He Jiayi suddenly said, "If this is the case, you can save the sponsorship fee."
Wang Liu felt a little relieved. Judging from his attitude, it was obvious that Zhou Zhixiong did not tell him and did not turn his elbow out. It seemed that he was wrongly blamed him yesterday.
He Jia looked at Wang Liu and tentatively said, "Mr. Wang thinks what the conditions we have offered are like? If we are not satisfied with it, we can continue to discuss it."
"Can the underwriting fee be reduced a little more?" Wang Liu said decisively.
"Well……"
He Jia was speechless for a moment and said dryly: "This is probably a bit difficult. Mr. Wang should know that this is the minimum standard we can give. Even if you go to other brokerage firms, it is impossible to get much lower than us."
Mr. Wang can change the conditions, except this, everything else can be discussed."
Wang Liu naturally knew that with Goldman Sachs' status, being able to suppress underwriting fees to 1.5% is already considered to be the limit and it is impossible to reduce them anymore. Other brokerages are likely, but the issuance channels may not be as good as Goldman Sachs.
In comparison, it is safest to choose Goldman Sachs.
As for other conditions...
Compared with underwriting fees, everything else can be ignored. If you care about this little money, it will show a decline.
Wang Liu was lazy and tried his best to talk, and said cheerfully: "Just kidding, Mr. He has made a lot of concessions. If I talk too much, I will look stingy.
No need to talk about it anymore. I will leave it to Mr. He to take charge of the underwriting work of Tiansheng IPO."
He Jiayi sighed and said happily: "Thank you Mr. Wang for your trust. Don't worry, I will work hard to help you with the underwriting work. Mr. Wang just gave me a cup, and now I will repay you with my kindness, and I will respect Mr. Wang for a cup."
"Then should I say 'You're welcome' to Mr. He?" Wang Liu laughed and raised his glass.
Chapter completed!