After the IT summit ended and the time entered April, the first important thing for Fang Zhe to return to Yanjing was to hold a shareholders\' meeting to discuss and start Huizhong\'s listing.

For any company, listing is an important turning point in its development process, from the start of internal shares, management, investment relations, improvement of financial system, etc.

After the launch of the listing, the lead underwriter is introduced to form a listing team, complete due diligence, introduce cornerstone investors, register and approve at the stock exchange and issue a prospectus, conduct a roadshow sprint and finally listing. Each link is a major test for the company.

Fortunately, since Huizhong signed the gambling agreement with the investor for listing within three years during the round a financing, Fang Zhe and all senior executives and shareholders of Huizhong have made psychological preparations for listing for a long time, and set up a listing preparation team within Huizhong to be responsible for preparing for Huizhong\'s listing.

Fang Zhe is the leader of the listing preparation team, but most of the actual work and specific implementation are handled by Chen Yimei, one of the deputy leaders. Now, when it comes to the specific listing start-up link, Chen Yimei is even more ready.

"At present, dozens of investment banks at home and abroad, including Goldman Sachs, Citigroup, Merrill Lynch, * * * *, Morgan Stanley, Credit Suisse, Barclays, Deutsche Bank, Wells Fargo, Nomura Securities and CICC, have conveyed strong intention to us and hope to become the underwriter of our IPO (initial public offering, i.e. listing).

In addition, David, the global vice president of Citigroup, an Sijie, the CEO of UBS, and relevant principals of other investment banks are ready to come to China in person to discuss IPO cooperation with us. "At the shareholders\' meeting, Chen Yimei, who is responsible for the preparation for listing, reported to Fang Zhe and all shareholders.

In the conference room, Fang Zhe, Zheng Siwen, Li Yifei, other core executives with Huizhong equity and representatives of investors such as apple and Softbank were all listed. Listening to Chen Yimei\'s report on the preparation for listing, Fang Zhe, sitting in the main position, tapped the table with his index finger on the right hand and fell into meditation.

There is no doubt that Huizhong\'s IPO is a feast for global investment banks and capital, because Huizhong is already the largest unlisted technology company in the world\'s history in terms of business scale, revenue, profit and enterprise valuation. In other words, Huizhong\'s listing is likely to become the largest and most funded IPO in the world\'s history.

Regardless of the significance of leading and underwriting the largest IPO in the world\'s history to major investment banks around the world, the high commission of hundreds of millions of dollars is enough to attract major investment banks around the world.

Which investment banks to choose as the lead underwriter of Huizhong IPO has become a problem for Fang Zhe and a group of Huizhong executives.

"My suggestion is that we should choose no less than three lead underwriters and no more than six, and investment banks in the United States and Europe should take into account to ensure the largest fund-raising range."

Zheng Siwen, the second leader of Huizhong, gave priority to speak. Before starting his business with Fang Zhe, he worked at Goldman Sachs and a domestic securities company for nearly ten years and had rich investment banking experience.

If he hadn\'t been the chief COO of Huizhong and was in charge of the daily work and operation of the whole company, Fang zhe would prefer him to be personally responsible for the listing preparation of Huizhong.

There are no less than three lead underwriters to consider the different main customer groups and businesses of each investment bank, and no more than six to distinguish the primary and secondary underwriters from other secondary underwriters and take care of the interests of each major underwriter.

In addition, it is also necessary to select one of the selected lead underwriters as the leader to be responsible for the promotion and coordination of the whole IPO process. Of course, if nothing happens, the investment bank responsible for taking the lead will also become the investment bank that will benefit the most in the whole IPO process.

"Goldman Sachs, Citigroup, Merrill Lynch, * * * *, Morgan Stanley and other investment banks are all American investment banks. Our listing location is also in the United States. Therefore, at least two or more American investment banks should be selected as the lead underwriter. Among them, Morgan Stanley has always been ahead of other investment banks in stock issuance, so it should be our necessary option.

Goldman Sachs and * * * * are the top three investment banks in the world. Both of them are very powerful, so my suggestion is to choose both of them, "Chen Yimei said.

Sitting next to Chen Yimei, Huang Siyi, who is in charge of Huizhong investment business, thought for a moment and said, "if so, we have selected three investment banks in the United States alone, leaving only three places in other regions.

And this time Citibank specially sent the global vice president to China, and the CEO of UBS sent out in person. We should give them some face more or less. In this way, two more places are used, and only the last one is left for other investment companies. "

The executives here looked at each other. Finally, they all focused on Fang zhe sitting in the main position. Fang zhe stopped knocking on the index finger on the table and decided:

"The last place is for Deutsche Bank. I\'m afraid it\'s not enough to have only UBS Investment Bank in Europe. Even in Asia, neither CICC nor Nomura Securities have a certain influence in Asia. They can\'t help us if we are listed in the United States."

After the six lead underwriters of "Morgan Stanley, Goldman Sachs, * * * *, Citigroup, UBS and Deutsche Bank" were finalized, Chen Yimei said again: "we have to determine a lead lead arranger. I suggest choosing one from Goldman Sachs and * * * *

Chen Yimei offered two options.

Fang zhe didn\'t make a direct decision. He looked at Zheng Siwen sitting on the right. Zheng Siwen looked at him and understood that Fang zhe wanted him to make a decision. After all, Goldman Sachs is his old boss. It\'s all up to him to sell his face.

"Even Goldman Sachs, in the past few years, due to the impact of the financial crisis, many enterprises around the world have been mergers and acquisitions, and Goldman Sachs\'s business focus in the past two years is also biased towards enterprise M & a consulting. Therefore, I suggest * * * * as the lead bank is more appropriate."

Zheng Siwen opened his mouth to make a decision. Although Goldman Sachs is his old employer, he is now the second leader and the second largest individual shareholder of Huizhong. Naturally, everything is based on the interests of Huizhong.

After the six lead underwriters and lead arrangers were finalized, Chen Yimei continued to report to Fang zhe on the establishment and arrangement of various listing teams, including law firms, accounting firms and asset appraisers.

There is no doubt that from major investment banks to many accounting firms, including the big four, are trying to strive for the qualification to participate in Huizhong IPO.

By the end of April, a team with hundreds of people in charge of Huizhong\'s listing was finally established, and Huizhong officially announced the launch of listing in the United States!