The return Li Changheng, who promised not to interfere with Busan Mining's shares, received from Frances and the politicians behind him, was that Busan Mining's listed underwriter must be Belford Investment Company.

Li Changheng knew that Busan Mining was a pit, so of course he would not jump.

So in order to avoid trouble, Li Changheng also decided to let Busan Mining and the company's future shareholders complete the review procedures and pre-listing reviews themselves.

Belford acts only as an underwriter for public offerings.

This immediately made Francis, who had been making up for financial knowledge in recent times, cursed in his heart.

There are review and approval documents issued by the securities regulatory authorities. If there is any problem, it has nothing to do with Belford Company, but Belford's profits are quite large.

Moreover, it is difficult for you to join the competition for Busan Mining shares, and you will attract more people to compete because of your participation.

When the stock price is high, then sell the shares in your hands and make money, but in the future, I will become the first target of curses and accusations that the media and investors are watching.

Who makes his fame and influence the greatest?

As for the liability for shareholders being cheated, all the reviews are not strictly carried out by Busan Mining and Securities Regulatory Commission. Media that need news and investors who have lost money will not care about so many.

If a company wants to list on Nasdaq, in addition to some mandatory compliance requirements required by the securities regulatory authorities, the first thing to do is to find a listed underwriter.

The role of an underwriter is to help listed companies with public offerings. To put it bluntly, it is a middleman.

The qualified people to help people go public are basically commercial banks, investment banks and large brokerages.

Therefore, the underwriter will first negotiate the issue price with the quasi-listed company and the number of original shares placed into the stock market.

Generally speaking, it is 25%, and all of these shares are handed over to the underwriters to operate and trade. In order to make money, these underwriters will definitely try their best to lower the stock prices of quasi-listed companies.

For example, the issue price at the end of the listing negotiations with Busan Mining was US$10. The higher the stock price soared after the opening, the more Belford Investment Company, which holds 25% of the shares in its hand, will earn.

Even if the underwriter makes small moves before listing, it is very likely that part of the original shares will be pre-sold to their people before listing.

Those who have obtained pre-sale qualifications will most likely get a portion of the outstanding shares at a low price of US$10 or US$11 when they go public.

Some brokerages even buy listed outstanding shares to raise the stock price, and there are too many ways to avoid the law.

After overseas banks manage funds for stocks to be bought and sold, seek help from other brokers, or seek cooperation from investment institutions, or even report to the securities regulatory department, brokers can buy a certain proportion of stocks themselves.

The only problem is that the shares bought in this case will take at least half a year to buy and sell.

Then wait for the stock price to soar, sell it, or wait.

When the stock price is higher and then sell it, it will be the leeks of Busan Mining, shareholders and various institutions.

----

Li Changheng waited for two days, received the exact reply from Francis's group, and picked up the phone and called Frank Abanel.

To be honest, there are still differences between brokerage firms.

Brokerages that can provide customers with listing services basically surpass simple brokers and develop in the direction of investment banks.

As an executive shareholder who raised Belford, Frank certainly thought about developing this company into a big investment bank like Goldman Sachs, Morgan Stanley and Merrill Lynch.

But since he talked with Li Changheng, Frank quickly realized that Belford has always been Li Changheng's, and he was just a nanny and a butler.

Fortunately, he held 20% of the shares in his hand, and after Belford became the main underwriter of subprime mortgage financial derivatives, he not only made a big profit, but his company's market value also doubled.

Although Frank was lost, he was not disappointed or resentful.

Moreover, Li Changheng promised that after Belford sold, he would become one of Citi shareholders, so Frank was vaguely looking forward to the days after he entered Citi.

Compared with the identity of a Wall Street brokerage firm, the latter must be higher in status.

Besides, as long as you follow Li Changheng, Frank believes that his future will be better.

So Li Changheng called and Frank immediately ordered the company's elites, as well as a team of lawyers and accountants to hold a meeting.

The next day, Li Changheng rented Belford on the 18th floor of the New York Stock Exchange Building, and instantly made more than 200 people in the company cheer and scream excitedly.

Li Changheng smiled and waved to the seventeen or eighteen female employees standing in the first row, wearing women's suits, which once again attracted even louder screams.

As for the male employee, he doesn't care.

Walking into a conference room with an area of ​​about 60 with Frank, Frank joked, "Henry, among the girls just now, there are a few of the company's ace Guan Gong and telemarketers. If you are interested,,,,"

"Shut up, you bastard."

Li Changheng interrupted Frank and said angrily, "Don't think I don't know what you and your kids have done in the company.

The girls outside not only have to deal with the pornographic criticism outside, but also have to deal with you bastards in the company, right?"

Frank smiled, "You are willing and will help their work and performance. And there are so many people who are crazy about Wall Street here than I do."

After saying that, Frank looked up at the conference room door, and after confirming that there was no one, he subconsciously lowered his voice, "I know there are groups of people who have to go to a small country town or the mountains every month to play a hunting game."

Li Changheng was stunned at first, what was so strange about hunting, and then he reacted and scolded him.

I have heard people regard similar people as hunting objects before, and this business seems to have existed in the United States a long time ago.

He glanced at Frank, frightened Frank quickly waved his hand, and then took out Franklin Zhang from his pocket, "Don't worry, Henry, I'm not that crazy. Making money and women are my favorite hobbies."

Li Changheng nodded with satisfaction and talked about daily topics. At 9:30 in the morning, Wells Busan, the owner of Busan Mining Company, appeared under the New York Stock Exchange building together with geology expert Mike Asta.

After getting off the car, Wells Busan excitedly hugged Mike Asta.
Chapter completed!