Chapter 746 – Wait and See
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.
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.
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!
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.”