As soon as Andrew said this, the originally noisy conference room suddenly became quiet. The underwriters who expressed their opinions swept around the faces of Google with ease and satisfaction, watching the changes on their faces.

Schmidt, who was still standing, was once again unable to come to Taiwan. How dare they?

But they did that, and Andrew's threat was understood, but if we did not meet our conditions, more underwriters would leave.

Of course, as lead underwriters, Morgan Stanley and Credit Suisse No. 1 Boston cannot leave, and they still have to take responsibility for the underwriting agreement.

However, for them, this is at most a business that cannot be completed. If this money cannot be completed or it may be a loss, there are still many opportunities that they can afford to lose.

But for Google, this is a major event that is about fate, and now I dare not make any mistakes.

In order to go public, the whole company has been preparing for so long, and the public is also paying special attention to the progress of the listing. In this case, if the listing fails this time, it will definitely be a disaster.

As we all know, it is really easier for American companies to go public than in our country, and the public is also aware of this.

It’s okay if Google is not allowed to go public, but since you are planning to go public, you can’t go public. God, how many problems do you have to have in your company?

This is probably what Yahoo and Microsoft, which have decided to increase their investment in the search field, are most happy to see, and Amazon, which has decided to enter this field, is happy to see.

Page and Brin were shocked and angry. They did not expect that this incident would really happen.

Over the past few months, they knew that Wall Street institutions secretly hoped that Google's initial public offering (IPO) would lose to Maicheng, but the guys on Wall Street certainly would not publicly express this intention. The dozens of underwriters responsible for the $4 billion IPO should obviously not make such a statement.

Of course, it would be impossible to say that they hoped that this Google auction-style iPo trial would fail.

But now, these underwriters are expressing this intention explicitly.

They remembered again what Feng Yiping said, "Our stock auction will definitely pose a threat to Wall Street institutions, because that is likely to disrupt their business model."

However, I didn't expect that their opposition was so strong.

In fact, the reason is very simple. Under normal circumstances, American underwriters can obtain nearly 6% of the issuance gross profit in IPO transactions, but if the IPO auction model is popular, their pattern of enjoying their benefits will be broken.

Fund managers also hope that Google's ipo results are unfavorable, because if the ipo auction model is prevalent, the good times of these fund managers buying new stocks at low prices and taking advantage of the opportunity to arbitrage will be gone forever.

However, what the underwriters felt strange was that the richest man in mainland China, who is also a major shareholder of Google, and the young Feng Yiping, although he lowered his head, did not look too angry, and seemed to be a little excited?

Why is he still excited in this situation?

The two people on Dune Road, who are both stakeholders from Google, Michael Moretz of Sequoia Capital, did not wait for Page and the others to say anything uncontrollable. He knew the personalities of the two people very well, and they hated coercion the most.

In fact, he and John Dull also hate such coercion. Unfortunately, this is the US listing system. These underwriters composed of Wall Street guys are the most important link and can't be thrown away no matter how hard they are.

He spoke in front of Page, "Andrew, let us hear your specific requirements,"

“From 2000 to the present, Silicon Valley’s $1 billion IPO costs averaged 5.8%, we…,”

"It's not enough," Page has stood up, "some banks want to sell our stocks,"

His words were actually not bad. Even Morgan Stanley and Credit Suisse Boston, who led the crowd to force the palace today, competed fiercely with other companies in order to get the position of the lead underwriter of IPO this time. However, they did not expect that they were completely standing against Google today.

"We have been preparing for this long, so we don't mind waiting for another half a month. At that time, we will definitely form a better underwriter team,"

This is his temper, paranoid, and he is very determined. At worst, he can overturn the table and reorganize the game.

Otherwise, they would not have made a decision to withdraw from the mainland in full in the future.

Now, the relaxed and comfortable guys were a little uncomfortable. What Page said is really impossible to achieve.

Although everyone secretly expressed their intention to boycott Google's iPo, they are their own family members knowing their own affairs. There are too many intrigues on Wall Street, and sometimes even if they sign an agreement, they cannot guarantee it, let alone such a loose alliance?

They are very sure that as long as Google is sure to kick them out of another team, a large number of people will definitely be surrounded by news. Some companies do not care about low income. What they care is that Google's size can make them climb to the top of the IPO rankings.

However, Page also said it too simply that even the listing application and prospectus must be submitted with the consent of the lead underwriter, which involves a serious verification of the situation described in the relevant documents.

Replacing the lead underwriter is equivalent to starting over again. It is really not a problem that can be solved in half a month or a month.

Google now lacks time. It can be imagined that it will not leave any good impressions in the public's mind if it is undecided for a long time.

David glanced at Andrew, and looked like I knew it would be like this, "We...,"

They made such a request to win more benefits for their side, not to end up with a loss-making outcome, but they did not expect that Page was so strong that he didn't want to bargain at all.

His words were interrupted again, and Page said that he was sorting out his documents on the desk, as if he was about to leave, "I don't want to listen to anything again..."

At this time, one hand was pressed on his shoulder and pressed him back, "Peppa, let me say a few words," Feng Yiping stood behind them.

Seeing Feng Yi's calm look, Page calmed down a little and sat back.

"Andrew, David, can you two represent the opinions of all underwriters?"

"Of course," I don't know what's going on with this natural answer. When I saw Feng Yiping ask, Andrew was inexplicably hesitant.

Why did he ask this?

"I understand," Feng Yiping nodded, "I'll repeat the opinions of you. Your biggest opinions, including the low underwriting costs, are the core issues that are not satisfied with the underwriting terms, right?"

"Yes," David also hesitated, "we have limited returns, but it seems that the subscription of stocks may not be too optimistic. It is very likely that we will have to raise funds to buy stocks. In this case, we cannot accept it."

"Yes," Andrew said, "we are helping Google iPo. If the end result is, if we all become shareholders of Google, it would definitely be the biggest joke in the industry."

Some people laughed, and Feng Yiping laughed too. This is indeed more ironic than being a shareholder who has become a stock trading company.

"So, if you don't let you underwriting it, will we have no problem?" He did not walk around again and returned to his seat and sat down.

"No need to underwriting?" David and Andrew discussed again, this time it was a real discussion.

Page was a little anxious, "Feng," he whispered.

"Don't worry, it's okay," Feng Yiping replied with a smile.

David and Andrew over there had no disagreement on this issue. Obviously, they had just tested Google's bottom line and raised the fees. Don't think about it. If there was no need to underwriting, then they really had no risks.

Feng Yiping's condition should be the final step. If it is not met, then the final result is that he will really not be able to come to Taiwan.

They quickly sought opinions from other underwriters, and soon Andrew made a statement on their behalf, "If the underwriting clause is cancelled, we have no other opinions."

"Of course, we promise that we will do our best to perform our duties and sell more stocks,"

"That's good," Feng Yiping slapped the table, "You don't have to worry about the stocks that can't be sold. I'll cover all the stocks that haven't been sold!"

Everyone, including Page and others, was suddenly in an uproar.

:
Chapter completed!