West Technology Limited’s Weblog

August 19, 2008

large investment banks coveted the new energy on internet

Filed under: news, Internet news

This Internet news is provided from the West Technology Limited

According to the survey by the financial weekly, among the 118 new rich who owned more than 1 billion in the overseas listed private enterprises, 26 chose New York and Nasdaq as the listing places, respectively from 22 enterprises. The investment bank as a joint sponsor or sponsors to promote these enterprises listed were only eight. Almost all of them were the world’s leading investment banks. The top four included eight Morgan Stanley, eight Credit Suisse First Boston, seven Goldman Sachs, six Merrill Lynch and four Swiss banks.

In these United States listed the new rich, their companies belonging to the majority of Internet and new energy, and their ranks are relatively higher. No. 3, where the Jiangxi SinoVideo Peng Xiaofeng, 12 Shi Zhengrong of the Wuxi Sheung Tak a new energy. And the top 10 ranked Robin Li, Baidu Shi Yuzhu, respectively, and where the giant network is already Mingzhen quack of Internet companies.

"The overseas listing of domestic enterprises, has done the best or the international Taihang of which Morgan Stanley is doing the best." Not only from the data on this show. Even if an independent economist Xie left Morgan Stanley is still such an objective evaluation.

Morgan Stanley, Goldman Sachs, UBS, Credit Suisse, Merrill Lynch, Deutsche Bank, although they are Daxing, but their experts were not big-name cast.

In order to private entrepreneurs and those who see or contact the factory, they often appear in the domestic Ersan Xian city. "Xinyu small enough, but Morgan Stanley to ordinary people." SinoVideo listed in Jiangxi Province, in the course of the employee share Xinyu. To La Shengyi, like Xie said, "They are a group to a group of enterprises to run, do PPT. Salesman told is no different from." To IPO details, Daxing more people are willing to Fangxiashenduan, and enterprises have taken the trouble to repeated consultations. "We prices on the public and underwriters to discuss the many times." Robin Li said. "We started the underwriters set the price of 17-19 dollars, but we are not satisfied with that. Later, they will explain the pricing model, why should we set the price. But no matter how they balance, we believe that the low side. Later in the We lowered the pressure of a 19-21 U.S. dollars. "

Taihang were once identified a company, often in advance that is PE or VC into the identity of enterprises, listed in the stage, again with the enterprise often lead underwriters, financial advisers and stock issuance global coordination in the identity of the person, through a series of Design and operation of enterprises to help finalize the overseas listing.

Although the domestic capital market is gradually developed, for private enterprises, there are still inherent weaknesses. The listing process is complicated and long, "Financing" and other problems have always existed. However, if operated  with the top-class international investment bank, they will generally be able to obtain funds through private placement prior to listing. If it is the international investment banks such as Morgan Stanley, they often have the ability to control everything, IPO is much easier. Even the time from the approach of the intermediary to the completion of listing is predictable, the IPO funds become more available.

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