Chapter 746: 746
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Although Nasdaq’s requirement was only 3 market makers, Feng Yu went to look for more than required .
This was because the more market makers there were, there will be more competition . This way, the gap between the bid and sell price will not be too big, and the commission will be lowered . This was also one of the costs of getting listed .
Also, this will lower the risk . If there were too little market makers, they might collude and purposely raise the share prices, and Feng Yu would have to pay them the difference or additional commission . After that, the share prices will plunge, and Feng Yu would be at the losing end . This had happened before .
This time, Feng Yu had gotten Barclays, Goldman Sachs, Citibank, Morgen Stanley, Wells Fargo, etc . to be the market makers . All of these institutions were American top financial institutions . Each of them was able to sell the Sixth Sense Company’s shares at high prices .
Feng Yu also found out that Citibank had high hopes in the listing of Sixth Sense Company, and this gave him confidence . The was why he was confident when he contacted Barclays and Goldman Sachs .
Morgen Stanley, Wells Fargo, etc . were also US famous financial institutions . Some other financial institutions even approached Feng Yu .
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Those that approached Feng Yu were not because they had high hopes on Sixth Sense Company, or they had seen the company’s financial reports or proposals . It was because they heard that the biggest shareholder of Sixth Sense Company also owns more than 15% of Microsoft!
Feng Yu’s Microsoft shares were not sold to him by the founders of Microsoft . It was bought from the open market at high prices and had no voting rights . But no one dares to look down on him .
The current market value of Microsoft was already more than 30 billion USD . That means this unknown Microsoft shareholder’s assets were more than 4 . 5 billion USD!
All the representatives of the financial institutions wanted to know this super tycoon . When the Sixth Sense Company was looking for market makers, they took this opportunity to approach Feng Yu .
The financial institutions knew that this super tycoon should not have only one company . He must have other companies . When his other companies were to get listed, and they could be his market makers, they could make high profits . If they could collaborate with this person in other areas, it would be better .
But the representatives from these financial institutions could not negotiate with Feng Yu . They felt they had shown enough sincerity by sending their top management staffs . But Feng Yu knew that these people were not the final decision-makers and were not interested in talking to them .
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If these financial institutions want to speak to Feng Yu, then they should send their real decision-maker over . These people were only working for their institutions . Their status in their company was even lower than Kameda Masao in Sixth Sense Company . They might be able to make some decisions, but they could be replaced anytime .
Feng Yu wanted always wanted to speak to Bill Gates . After all, Feng Yu was also the third-biggest shareholder .
Feng Yu and Bill Gates had met once in the past . It was when Feng Yu started to acquire Microsoft shares . Feng Yu had bought Microsoft shares regardless of the prices . As long as someone wants to sell Microsoft shares, he will just buy it without thinking . This was because he knew Microsoft share prices will continue to rise .
This was what happened . No matter how much Feng Yu paid for those shares, Microsoft shares still maintained a steady growth . This year, the increase will be even faster, and Microsoft will be splitting their shares .
This was because after Win95 was launched, Microsoft profits shot up . Although they still have not monopolized the operating system industry because of Apple and IBM, their operating system was the easiest to use . Most importantly, Microsoft had signed contracts with many PC manufacturers . All their PC will be installed with Microsoft software!
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Feng Yu will not sell his Microsoft shares now . All his profits and liquid assets were all invested in Microsoft . As Microsoft share prices rise, his net-worth also increases .
Feng Yu never worried that Microsoft shares will plunge . Even if the share prices fell, it was only for short term . The prices will recover very fast . If you look at their share prices by months, you will discover that Microsoft shares were increasing steadily .
Were there other shares that grow faster than Microsoft? Yes . There was a lot . Even in Hong Kong and China, there were more than one company’s shares that rise more quickly than Microsoft in the short term . But those shares only increase for a while, and Feng Yu had to continually monitor them . Microsoft, on the other hand, does not need to worry .
Also, Microsoft shares were Feng Yu’s capital to enter the US market . He will be able to enjoy high status with these shares .
Just getting the market makers for Sixth Senses Company could tell . Feng Yu had only let out some news, and those representatives from the financial institutions believed it without even verifying the news .
Even if the news about Feng Yu was fake, those financial institutions had nothing to lose . As market makers, it was still very profitable . If the news about Feng Yu was real, then they will get to know a tycoon . They could make more profits from Feng Yu .
……
Kameda Masao was sitting beside Feng Yu . He was very nervous . “Manager Feng, How much do you think our shares will rise when the market open? Will it shoot up by more than 10%?”
Feng Yu rolled his eyes at Kameda Masao . “10%? Are you belittling those market makers? The shares they sold had never grown less than 13% during the IPO . Our shares are issued by so many financial institutions . You should be more ambitious . ”
With Feng Yu’s encouragement, Kameda Masao cautiously asked: “15%?”
Feng Yu shook his head, and Kameda Masao was slightly disappointed . He had expected too much . But 13% was good enough . Feng Yu continued: “How can 15% be enough? Before the market opens, the market makers will have to discuss among themselves about the initial share prices . I estimate our share prices will rise at least 20% when the market opens!”
Kameda Masao was shocked . “How much? 20% increase when the market opens? How can this be possible? Only the tech companies will get such a high increase during their IPO . ”
Feng Yu patted Kameda Masao on his back: “I have always turned the impossible to possible . You just wait and see . ”