Rebirth of America, this is my era

Chapter 135 A group of vampires!
"Going public?"

This topic surprised Evelin a little.

The girl glanced at Ethan, then smiled and said, "Oh, Principal Fred, if my understanding is correct, then I think our company does not meet the listing standards yet, right?"

"Ethan, I remember you told me that if you want to be listed on the New York Stock Exchange, you must meet several conditions, and we don't meet several of those standards?"

The girl posed the question to Ethan.

Ethan nodded repeatedly and said, "Yeah~"

"Principal Fred, although our company's revenue has met the requirements of the New York Stock Exchange, our company's registration period is insufficient, which is a serious flaw..."

Although the U.S. stock market has a policy of easy entry and strict exit, it does not mean that all companies can go public. There are still certain standards. In this era, if you want to be listed on the New York Stock Exchange, you must first meet the hard standard that the company has been established for at least three years. Destiny Game does not meet this requirement alone.

As for other aspects...

Ethan admitted that, just as the old principal had said, they were indeed a high-quality enterprise now.

Because the current New York Stock Exchange's income requirements for applicant companies are as follows: in the past three years, the cumulative pre-tax income must be no less than 10 million, and in the past two years, the annual income must be no less than 2 million.

As for the game of fate...

Pac-Man's North American revenue has already exceeded double the total standard.

Not to mention the current "Star Wars", the guaranteed minimum is four or five times higher.

"Oh - you two really are -"

How could Evelyn and Ethan's concerted efforts be hidden from Fred Terman, a cunning man?

When the siblings insisted that the standards were not met, Fred Terman already knew what they were thinking. Waving his hand, the old principal smiled helplessly.

"You two don't think I'm here to lobby for those Wall Street guys, do you?"

"Oh - how could you think of that?"

"Whether to go public or not is up to you to decide. I'm just passing on a message for some friends..."

After hearing the old principal's story, Ethan and Evelyn finally figured out the whole story.

It turns out that when people all over the United States were crazily pursuing "Star Wars", the Game of Destiny also became the focus of research for many people, and the most fanatical of them were the investment banks on Wall Street.

Investment bank, whose full name is investment bank, if we want to trace its origins, we have to go back three hundred years.

At the end of the Revolutionary War, the federal government was a mess. Because of the war, they were burdened with nearly 30 million US dollars in debt, and the currency in circulation was even more varied. In order to save the fragmented finances, then Treasury Secretary Hamilton had a bold idea, which was to issue new national bonds with the credit of America as a guarantee to repay various old debts.

If this kind of thing happened in the 21st century, it would be perfectly normal, because Ethan clearly remembered that before he traveled through time, America had already increased its debt ceiling for the 78th time, pushing the total debt to 31.4 trillion. But three hundred years ago, this behavior was simply daring, so in order to ensure that the bond issuance could proceed smoothly, a large number of brokers poured in to build a financing bridge between the American government and private investors.

And this is actually the original investment bank, or you can say it is an investment banker.

When the issuance of bonds proceeded steadily, the American economy suddenly became active. The rapid development speed in turn promoted the thriving growth of the capital market. When people who developed industries had demands for resource extraction, transportation, energy drilling, etc., the two products of joint-stock companies and public financing (IPO) truly stepped onto the stage of history.

Since then, finance has become the real power flowing in America's veins. Those financiers who started out by underwriting bonds, stocks, and various bills and accumulated a lot of wealth and connections have since turned the tide on the stage of world history. The most classic story is that Morgan formed a giant consortium in 1900, which once controlled % of America's steel production.

However, this feast of influencing pricing power came to an abrupt end in 1933. The Banking Act of stipulated that investment banks and commercial banks must be separated, commercial banks were not allowed to engage in issuance and underwriting business, and investment banks were not allowed to accept deposits from depositors. For this reason, Morgan had to separate his investment department from the bank and established Morgan Stanley. Soon after, Goldman Sachs and Lehman also made the separation and chose the investment banking business that they were most familiar with and best at. Only then did modern investment banks finally appear.

"When these investment banks were no longer able to absorb public deposits as before, equity financing, bond financing, and mergers and acquisitions became their main sources of income..."

President Fred Terman smiled and said, "Because when investment banks do these things, they will charge a certain commission based on the size of the transaction. For example, if a company raises 100 million yuan in funds and they take a 2% commission, they will be able to get a reward of 2 million yuan."

"As for why they targeted you..."

"It's just like what I said just now, you guys are doing really well."

"Your business is so beautiful, so beautiful that they are very moved."

"So... Morgan, Goldman Sachs, First Boston, Lehman, Merrill Lynch..."

“They all came to ask me.”

At this point, Fred Terman turned his gaze to Ethan and said, "Although the current Game of Destiny does not meet the listing standards of the New York Stock Exchange, the Nasdaq next door to the New York Stock Exchange can easily accept you. Because the standard there is that the applicant company can be listed after having a two-year operating history."

"If I remember correctly, Intel, which is located in Santa Clara, went public on the NASDAQ in 1971? They even raised $8 million without any products."

"Now, if we throw the Game of Destiny up there..."

At this point, Fred Terman fell silent.

Although he chose to remain silent, Ethan could guess what would happen next.

When a small company like Intel can raise nearly 10 million yuan on the Nasdaq, the valuation of a company like Destiny Game with tens of millions in cash reserves cannot be less than 500 million!
No matter how much you underestimate it, its size can't be smaller than the apple in Ethan's previous life!
Raising 100 million is commonplace, and raising 200 million is not impossible. Even in this case, the people who come to buy stocks waving US dollars can fill the entire Pacific Ocean!
When the wind chases the momentum...

Those Wall Street financiers can easily earn huge commissions!
This……

In fact, it is equivalent to picking up money for free!

"So what do you think about this matter?"

After leaving the old principal's place, on the way back, Evelyn leaned on the passenger seat and said, "We are being targeted by Wall Street? Wow - this is really good news!"

Although she was smiling, her tone was exaggerated.

If that performance were put on a stage play, it would even win a Tony Award.

Because she interprets sarcasm to the fullest.

Ethan did not answer immediately, but asked back: "What do you think of this matter?" Before the voice fell, a rude voice came out -

"Son of a bitch!"

This comment vented Evelyn's inner anger and made Ethan laugh.

That's right!

Ever since Evelin heard the word "listing", she was very unhappy!

Although she didn't study finance, she is not a fool!

Of course she understood that when they had a lot of cash, those people on Wall Street came to ask them if they wanted to go public. It was not to help them raise cash or to expand their reputation. They just wanted to share the huge profits they had reaped!
This……

What’s the difference between this and open robbery?
"MFxxk!"

The girl slapped the handlebars vigorously, “You know what, Ethan, I was in a good mood when I came here!”

"But when President Terman said that Morgan, Goldman Sachs, Lehman Brothers, and Merrill Lynch were all targeting us, I felt like there was a fire burning in my chest! It burned my whole body! My throat was smoking!"

"Isn't it possible that these people are used to sucking blood?"

"You can ask us such a stupid question?"

"And Principal Terman!"

"Why would he help these people pass messages?"

Evelyn was almost mad!

Star Wars has only been popular in North America for a short time, and these termites have come around like maggots smelling fishy odor? This is really disgusting!

And her rage caused Ethan to glance at the central rearview mirror.

After finding that the girl did not do anything radical except swearing and slapping him, he slowed down the car and said, "Oh~ my dear sister~"

"We should be happy when something like this happens."

"What? Happy? Are you crazy?" Evelyn immediately turned her head, her eyes wide open.

Ethan chuckled and shook his head, saying, "Of course my brain is not broken."

"I say this because our success has been recognized by the top interest groups in North America. When Wall Street starts paying attention to us and takes the initiative to contact us, it proves that we have gained benefits that even the 'elites' covet."

"Shouldn't we be happy when something like this happens?"

Ethan’s words made Evelyn roll her eyes.

The girl was too lazy to pay attention to him.

Because they are not talking about the same thing.

What she said was clearly that the elites’ greed was disgusting.

But what Ethan expressed was that the elites’ attention was a kind of approval.

It's totally irrelevant!

Ethan didn't care about these details and continued, "Although it's disgusting, I don't think you need to be so angry, because whether to go public is not up to them, but our own decision."

"As long as we don't want to go public, no one can force us."

"As for Principal Terman..."

“I think he means well.”

"He is reminding us to be careful in the future, because the people who are targeting us may not only be our current opponents, but also some greedy maggots..."

Yes, Ethan also felt that the inquiries from those people on Wall Street were a bit disgusting at first.

Or, as he worked in finance in his previous life, he knew well that these guys coaxing him into going public was just the first step. Next, they could reap profits through a series of methods such as public shareholding, short selling through public opinion, and bullish advantages.

And those subsequent moves are the real source of profits for financial capitalists.

But after Ethan went over the whole thing, he found that the jackals on Wall Street could not threaten them for the time being, because whether to go public or not was completely free.

Like Koch Industries, Mars, Cargill, Bose...

These are all world-renowned non-listed companies.

When they can survive well without external funds, no matter how strong Wall Street is, it cannot threaten them.

So, Wall Street wants to ask them, are they willing to go public?
Then let them ask!
Are they jealous?

Then let them be greedy!
As long as they don’t go public themselves, they are invincible!

As for other people's opinions?

What does that have to do with them?
However, even so, Ethan still muttered in his heart——

'Special!'

'These beasts who don't create value are really a bunch of vampires!'

(End of this chapter)