"Mr. Huang, our audit work has been completed. The financial data of the 00 network is perfectly envied by everyone. This is a shining enterprise!" In the most luxurious central conference room of Jiangnan Group, Goldman Sachs' global vice president is shaking hands with Boss Huang.

Although various marketing and struggles at the Celestial Terminal continued, of course, the listing process of OO Network on the other side was not disturbed at all. At the invitation of Goldman Sachs, the top three accounting and audit firms in the world, namely PwC, Deloitte, and Ernst & Young, jointly conducted a strict review of OO Network's financial data and obtained a financial statement with a word count of up to 1.6 million words.

The result is that this report is quite perfect. Apart from some minor flaws, the financial data of 00 Network is very healthy, so healthy that even the three well-informed accounting firms are amazed at it and call them God.

The reason why three accounting firms were invited to conduct joint audits was naturally to improve the fairness of this financial statement. After all, if you want to collude with the three accounting firms at the same time, the possibility of fraud is almost zero.

Such a report can also help oo network achieve its goal of listing within three months.

More than a month has passed. With the remaining two months, the next step is to produce a comprehensive prospectus and hand it over to the Federal Securities and Exchange Commission for review. After the Trading Commission for review is approved, you can further start the roadshow, that is, to promote your stocks to various investors and investors at their own price, and invite them to buy stocks.

After all the stocks are subscribed, they can completely disclose their prospectuses to all institutions and markets, and they will be able to list on Nasdaq in a few days.

In this process, under normal circumstances, it takes about three weeks to submit financial statements to the Federal Securities Regulatory Commission for the reply.

It usually takes about three weeks to submit the prospectus and obtain the approval of the prospectus.

OnePlus is 6 weeks, and it seems to be within two months.

But the problem is that these three weeks are only given time for preliminary responses, and there will be a long review and communication on various details of the financial statements and prospectus after the reply.

As we all know, the Federal Securities and Exchange Commission's administrative speed is slow, which makes people itchy. Many companies have to conduct dozens of emails in reviewing financial statements. It takes about a year to make their statements pass.

The same is true for prospectus, and dozens of negotiations are very normal.

So at this time, the value of the mountain is reflected. First of all, Goldman Sachs can shorten the time for the first reply from three weeks to two weeks, which is the minimum time limit set within the Securities Regulatory Commission.

The second is that it can exempt both parties from direct and rigid email communication, but directly and privately through Goldman Sachs’ channels for face-to-face communication.

The head of the Federal Securities and Exchange Commission will directly point out the various errors in these statements and the areas that need to be corrected, and even directly tell you how to make changes, thereby greatly shortening the time for various statements to pass.

Otherwise, under normal circumstances, the situation statement given by the Federal Securities and Exchange Commission is almost all clichés and empty words, which are like a heavenly book. Normal people cannot understand it at all. They can only use some professional institutions to help interpret it, and then tell you how to modify it.

In fact, these professional institutions don’t actually understand. They just have a deep relationship with the management committee. They can directly learn more detailed situations from there and then tell you.

Of course, such services are very expensive, and often require millions of dollars in the middle. As for whether these costs are eaten up by professional institutions or half of them fall into the hands of some powerful people in management committees, only God knows.

Anyway, if a company wants to go public on the Nasdaq without spending millions of dollars and seeking help from these professional institutions, it is impossible.

Goldman Sachs is the most professional institution among these professional institutions. In addition, Goldman Sachs promises to complete all listing matters within three months, so there is basically no need to worry about the listing schedule, which also means that the listing of 00 Network is basically a foregone conclusion.

So Goldman Sachs' global vice president is very excited and happy at this moment. His work has been perfectly accomplished, and he is waiting for a huge year-end bonus at the end of the year.

But what made him happy for a few minutes was that when Huang He shook hands with him, he said very simply, "Mr. President, I think the details of the prospectus we had negotiated before are not perfect enough, so I hope to add a subscription condition to the prospectus!"

"Add a subscription condition? What conditions do you want to add?" The vice president frowned. A company went public, not to directly throw all the stocks into the market, and then the company sets a price for itself, and lets the shareholders rush to buy them after listing. This is very unscientific, which will lead to a lot of trouble.

Therefore, in addition to the first few decades when the stock market was established, the subsequent stock market rules have undergone reforms, requiring companies to go through the roadshow stage before going public and conduct pre-subscription activities with all investors and investors in advance.

Pre-subscription, as the name suggests, means that before the stock is listed, all issued shares are sold through subscription, and at the same time, the price of the shares is also determined.

For example, when Bilibili went to the US stock market, the roadshow was to be held after their prospectus was confirmed by the Federal Securities and Exchange Commission.

The entire roadshow process lasted for more than 30 events, each of which was held in important financial occasions in various regions of the United States, and then invited all people from the local financial circle to participate.

During the entire speech, we will promote the company's financial revenue, the company's target customers, future development direction, and how huge the company's development potential is, etc.

To put it bluntly, I am giving all investors a cake. Let me tell you, don’t look at our company’s current profits of only tens of millions and millions of users. But as long as the listing financing is successful, we can expand to hundreds of millions of dollars in a short period of time to make tens of millions of dollars in profits and tens of millions of users. At that time, the stocks you buy will increase by 10 times and make a lot of money!

After some painting cakes, the next step is to subscribe to it in a real way.

In this process, some are virtual subscriptions, while others are real subscriptions.

The specific subscription is whether you have money or not. As long as I think your company has a future, you can sign up for how many shares you want to subscribe from the institution. But in fact, there is nothing, just to express your intentions.

However, institutions can use this purchasing intention to finalize the number of listed stocks and the final price of stocks.

But the actual subscription is different, it requires real money.

Some companies directly give a minimum price during the roadshow. If financial personnel who participated in the roadshow feel that this stock is really potential, they need to buy it in advance to avoid the crazy price increase after listing, so that they have to buy it at a high price, they can directly subscribe on the roadshow site, and the subscription price must not be lower than the minimum price.

Finally, determine the success situation based on the specific situation.

Take Bilibili as an example. For example, Bilibili determines that it will sell 1 million shares at a price of no less than US$10 per share through subscription, and then after a roadshow, a total of 4 million shares were subscribed.

Then, based on these 4 million shares, find the most expensive order price of 1 million shares, and then take the lowest order price of these 1 million shares, that is, US$11.8, as the issue price for the listing of Bilibili stocks, and then give the buyers who bid for these 1 million shares, and sell them at a price of US$11.8.

However, according to regulations, the pre-sale shares must not exceed 1/2 of the total listed shares. That is to say, there are still 1 million shares, and they must be sold through listing and offering, giving all shareholders the opportunity to purchase stocks, otherwise it may be considered as insider trading.

This is the case for roadshows under normal circumstances. However, if some merchants feel that their stocks are very short and do not have to worry about not being able to sell them, they can also set some conditions for their stock subscription, such as the buyer must be white, or how many assets the buyer must have, etc.

Anyway, during the roadshow, as long as you are not afraid of losing your character, you can add these subscription conditions as much as possible.

Originally, in the entire listing plan agreed upon by both parties, the roadshow process was a normal subscription, and there were no other fancy things, but now, Huang He has to temporarily add conditions.

This made Goldman Sachs' vice president very unhappy, but there was no way. He could only ask with a wry smile, "I don't know what conditions Boss Huang plans to add?"

"Simple!" Huang He smiled and said, "If you want to pre-order my shares during a roadshow, you must upload a qualified terminal application in the Tianzun Program Store that can pass the store review. Each application that passes the review in this way can obtain the subscription qualification of 1,000 shares."

"If you can't come up with the application, you will not be allowed to subscribe to our shares on the roadshow site!"

"What the hell is this?" After hearing this, Goldman Sachs' global vice president was confused, and then wanted to dissuade Boss Huang and put away the joking subscription conditions.

As a result, Boss Huang waved his hand very simply and said, "That's the condition. Just agree. If you don't agree, I will pretend that the listing failed and give up the listing. However, the fee you should give you is not a penny, which is only tens of millions of dollars. It's just a little bit!"

After saying that, Huang He left very simply and didn't even give the other party the opportunity to persuade him. This was clearly the case that the overlord was forced to take the blame.

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