Rebirth of England

Chapter 996 Enthusiastic Goldman Sachs

"We firmly stand on your side, Your Highness. What the Pilot Group did before has crossed the bottom line..."

Next, Barron also met with Goldman Sachs CEO Lloyd Blankfein and others, and the other party immediately expressed his position to Barron...

Of course, Barron did not take his statement too seriously. After all, he understood that Goldman Sachs was the most adept at judging the situation and the most flexible among all the capitals on Wall Street, and the other party's decisions were only based on interests.

If the final result was that Barron died in that assassination, then there is no doubt that Lloyd would be happy to lead Goldman Sachs to join the ranks of sharing the "DS series" assets, and would rush to the front.

Although Goldman Sachs was originally founded by Jews, it is not a supporter of Zionism. For Goldman Sachs, nothing is more important than profit. For the sake of profit, they can even embroider the red flag...

And its current head, Lloyd Blankfein, is not Jewish, but comes from a low-income family in Brooks, New York...

It can be said that the interests of Goldman Sachs Group are now closely tied to Barron's. Through IC Capital, it directly holds 9% of Goldman Sachs Group's shares. Together with the holdings of related funds under Standard Chartered Merrill Lynch and DS Group, Barron can control more than 17.5% of Goldman Sachs Group's shares and has two votes on the board of directors of Goldman Sachs Group.

In comparison, Vanguard Group is no longer the largest shareholder of Goldman Sachs as it was in the original time and space. Their total shareholding in Goldman Sachs, together with BlackRock and State Street, is just over 12%, and they only have one vote on the board of directors of Goldman Sachs.

This is why when Barron's counterattacked the short-selling behavior of these three capitals, Goldman Sachs did not hesitate to join in - to make money, of course you have to seize the opportunity. When it comes to judging the situation, Goldman Sachs is really good at it. They like to stand in the winning camp. If they find that they are on the wrong side, they will turn against it without any psychological pressure.

Just like now, Lloyd's attitude towards Barron can be said to be extremely cordial. After all, in the financial field, compared with Standard Chartered Merrill Lynch controlled by Barron, capitals such as Vanguard Group and BlackRock Group pose a greater threat to Goldman Sachs.

It can be said that these capitals have obtained almost all the fund management business of American public funds. The U.S. Treasury Secretary is no longer the "former CEO" of Goldman Sachs. After the subprime mortgage crisis, especially the BlackRock Group, it has obtained most of the fund management business of American public funds, which also made Goldman Sachs very unhappy.

On the contrary, the cooperation with Baron has brought a lot of results to Goldman Sachs. In addition to the financing and loan business that has continued from the beginning to now, Goldman Sachs will also be involved in the underwriting business of the IPOs of the companies controlled by Baron in the US stock market. These alone have made them a lot of money.

In the American market, it is impossible for Barron to go alone to fight against the crowd. He must weave his own network and establish his own partners. Although the trustworthiness of partners is often questionable, in many cases, a "goodwill and neutral" attitude is enough. What's more, even after gaining an advantage, there is still a need for cheering...

"The U.S. stock market has recovered strongly in the past two years. Although it experienced two troughs at the beginning of this year, I believe it will soon recover from this short-term decline. I think it is very wise for Alibaba to choose to go public in the second half of the year."

Prior to this, DailyVedio's successful listing gave Goldman Sachs great confidence. Now what they are most looking forward to is Alibaba's listing in the United States, which is regarded as the biggest IPO feast this year.

As Lloyd said, before this year, the U.S. stock market experienced two consecutive years of more than 500% increases in the Dow Jones Industrial Average and the S&P 20 Index, which also led to outstanding performances in Goldman Sachs' investment banking and global markets businesses.

However, this year, from mid-January to early February, the sharp drop in exchange rates of emerging market currencies around the world triggered the first bear market in the U.S. stock market, with the Nasdaq index falling 1%. However, the market gradually stabilized after the Federal Reserve's interest rate meeting.

Then in March, the situation in Ukraine triggered a second bear market, with the Nasdaq index falling as much as 3%, but the S&P 8.2 and Dow Jones subsequently recovered their losses.

DailyVedio chose to go public at the end of March and still showed an astonishing rise. This also gave Goldman Sachs great confidence in the investment enthusiasm in this year's market and began to look forward to the upcoming listing of Alibaba.

You know, Alibaba's performance and scale are not comparable to DailyVedio, and Goldman Sachs is also one of the underwriters of Alibaba's listing in the United States. Lloyd believes that by the time Alibaba goes public in the second half of this year, the market will have fully recovered from the two minor setbacks at the beginning of the year, and by then they will be able to obtain stock business revenue far exceeding that from DailyVedio.

Currently, Barron holds shares in Alibaba through DS Holdings (Cavendish Trust) and Rich23 Capital, of which DS Holdings holds 12.66% of its shares and Rich23 Capital holds 26.79% of its shares.

According to the promise made by Baron and Ma, after Alibaba goes public, he will sell off at least 12.66% of the 10% of Alibaba shares held by DS Holdings within one year (based on the proportion before the listing and additional issuance). Therefore, for Alibaba's IPO this time, the shares held by DS Holdings have obtained the shortest 90-day lock-up period among all original shareholders, while the other shareholders have a minimum lock-up period of 180 days.

Originally, Boss Ma was planning to sell this part of DS Holdings' shares during the IPO process, so that this part of the shares would be included in the initial public offering and sold at the stock issue price.

However, Baron said he was more optimistic about Alibaba's stock price performance after its listing, so he rejected the proposal.

According to Alibaba's prospectus, the public offering this time, in addition to the newly issued shares, includes the sale of some shares including SoftBank, Mr. Ma and his team.

Due to Baron's proposal to Boss Ma, Alibaba's listing this time was not originally planned to be listed in HK as in the original time and space. After unsuccessful negotiations with the other party, the Hong Kong Stock Exchange still did not support Alibaba's "partnership system" - the "partnership system" aims to ensure that the founders and management team have greater control over the company, even if their shareholding ratio is not high.

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This system is inconsistent with the "one share, one vote" principle upheld by the Hong Kong Stock Exchange, while the American capital market allows dual-class share structures such as AB shares, allowing founders to maintain control of the company by holding fewer shares.

Therefore, Alibaba's listing time will be slightly earlier than the original time and space. It will not wait until September this year to be listed, but will be listed in the United States on July 9, which is two months earlier than in Baron's previous life.