"Investment bank bullying" exposure: Wall Street who speaks for Chinese entrepreneurs

"Investment bank bullying" exposure board: Wall Street who for Chinese entrepreneurs endorsement South all reporter Gao Lingyun intern Wei Yumei Dangdang CEO guoqing Micro bo Battle "Morgan Stanley Women", become the most concerned about the financial events.　　Both sides foul language constantly, more than 50 rounds of empty, "very yellow very violent", causing the industry's high concern.　　For guoqing, some people accuse its behavior is "bridges", is "not fine, after the criticisms, no meaning, too no professionalism"; others praised it as "the first Chinese listed company to scold the investment bank." Industry insiders said, Guoqing micro-bo fighting "Morgan Stanley female" appearance behind the dispute between enterprises and investment banks is the focus of concern.　　Chinese companies are listed in the U.S., too reliant on multinational investment banks, often clamped by investment banks, and Chinese companies are going out and need their own world-class investment bank. Guoqing said when the investment bank calculated, Morgan Stanley female exposure when the financial fraud last December 8, Dangdang listed on the NYSE, the opening price reached 24.5 U.S. dollars, up to 53%, the day close to 29.91 U.S. dollars, a rise of 87% compared to the price. Since then, Dangdang's share price has been recalled to below 23 dollars, but soon the oscillation is higher. By Friday, Dangdang's share price had received 33.86 dollars.　　Relative to the 16 dollar price, the increase has doubled. Looking at the stock price to double in the short term, Guoqing felt the investment bank's original price is too low, discontent mood is thickening. In Saturday, the two major investment banks in charge of the listing of Morgan Stanley and more than 30 people came to Beijing, let Dangdang pay for the celebration feast. The investment bank's move completely angered Guoqing. January 16, Guoqing on Weibo said: "I did not want to scold the investment bank, want to endure." Yesterday heard that we do the listing of 2 big investment row more than 30 people to Beijing, Dangdang (to) pay for their celebration feast. Don't be funny, you think I'm a jerk. Y ' all make money, you get the officer, you stay away from me. Let me say hello, no way. If it hadn't been for peg G Y (Yu, guoqing wife, Dangdang chairman), I'd have been bullied to death. What a bummer. "Guoqing also wrote a foul-talking rock lyrics, meaning that the investment bank deliberately lowered the price of Dangdang, from the Bulls profit." Guoqing said, "Many companies professional managers of the CEO, the CFO before and after the IPO by the investment bank calculated, but do not dare to tell, one fear shareholder scold, and then do not offend the investment bank, the future to find another way wider."　　and says it wants to reinvent the relationship between entrepreneurs and capital and investment banks. Guoqing to the investment bank, unexpectedly but triggered two people claiming to be Morgan Stanley employees of the female netizens strongly counterattack. A net named "The Lost only satisfying" "Morgan Stanley Woman A" (identity has not yet confirmed) in micro-Bo comeback called guoqing "eat soft rice", and Exposure said Dangdang 2009 profit is financial fraud.　　Since then, another network called "Lucia Weather," "Morgan Stanley Woman B" (identity has not been confirmed) joined the Corps to support the "Morgan Stanley woman A". However, the official response to Morgan Stanley yesterday said, "according to the company's preliminary investigation of the matter,We believe the microblog writer is not a Morgan Stanley employee. This offensive rhetoric violates the industry's ethical standards. We condemn this behavior that harms the company's corporate brand and reputation. "The investment bank" deceives the person to be accused is the general phenomenon layman to look lively, the expert sees the doorway. For Guoqing Micro-bo fighting "Morgan Stanley Women", the general audience is concerned about the gossip ——— both sides in the micro-Bo in the big foul language, by netizens called "very yellow very violent."　　In the eyes of the industry, the incident opened the veil of complex and delicate relationships between firms and investment banks. Guoqing said in a microblog that Morgan Stanley and UBS, while on the market, were keeping their valuations down and profiting from the Bulls.　　Guoqing This statement, has been a number of entrepreneurial enterprises in charge of identity. Investment banks are in a very advantageous position because domestic companies must rely on multinational investment banks to list overseas, a leading internet company headed for the Nasdaq listing in the United States told reporters. Therefore, the investment bank in the operation of domestic enterprises overseas listing process, there is a widespread phenomenon of bullying enterprises. "When we first approached, the investment bank would draw a big pie for the company to get the project," he said. With the deepening of cooperation between the two sides, the investment banks invested a lot of upfront money, the two sides have been tied together. At this point, investment banks will find various reasons to depress valuations and profit by other means. At this time the enterprise has no other choice, only the investment bank's life is from. "The head of another Shenzhen Internet company, already listed overseas, said the firm had set a 25 times-fold price-earnings ratio for the company when it was competing for its listings, but it kept reducing valuations during the IPO and was less than 10 times times more likely to be issued at the end of the IPO. "It is suggested that the latter should be more careful in choosing underwriters in the future, and not easily believe their initial commitment." The obligation of the investment bank should be defined more clearly at the initial stage by means of a contract. However, sing to Vice President Li Mingshun that the business people and investors who are not absolute who is wrong, must agree with the existing rules of the game, party B completely look at the market at the time of the supply and demand relationship.　　Both the entrepreneur and the financing party must have their own grievances.　　China needs its own world-class investment bank guoqing and Morgan Stanley Women's fierce fighting, causing the industry's high concern. Innovation Factory CEO Lee Refereeing said, spit war don't use vulgar language, lose others respect is not worth, staff out of control, PR to prohibit, the boss out of control, PR courage to ask him Hugh. For Kai-Fu Lee's refereeing, guoqing to accept, at the same time, he also said will stop to scold and saliva war. Yesterday, Dangdang issued an official statement, said guoqing the creation of rock lyrics is a personal literary hobby, and Morgan Stanley woman to scold did not use a dirty word, its behavior and corporate behavior has nothing to do.　　Dangdang also said in the statement that the original intention of guoqing to create lyrics is to the future entrepreneurs and companies to be listed in the United States warning. New Wengwen, an entrepreneur magazine editor-in-chief, says many entrepreneurial firms have a lot of opinions about American investment banks, but when they are openly expressed in extreme ways. "Since the IPO is your dream, castIt is the bridge of the IPO, and it is better to plan ahead than to complain: early recognition of the nature of investment banking, early identification of investment bankers, early choice of the idea of the IPO partner. "Huaxing Capital CEO package All more sharply pointed out:" China's entrepreneurial enterprises need their own investment bank, but also a world-class investment bank, so that no one bullied. The European Royals propped up the Rohilde, the Jews propped up Goldman Sachs, the Hong Kong family propped up the peregrine, the central enterprises propped up the CICC, the Chinese entrepreneurs, who was your spokesperson on Wall Street? "Link investment bank or will be in the two-tier market when the beginning of the past, a number of investment bank employees in their respective micro-blog hinted that will be a cold treatment of Dangdang stock, in the two-tier market to suppress the sell-off of Dangdang stock. Morgan Stanley employees in micro-Bo revealed that SoftBank and Sumitomo have long abandoned the pursuit of Dangdang stock.　　There are a lot of investment bankers in the guoqing to counter the micro-Bo said, to short Dangdang stock, and even shouted "Monday institutions selling you ready money to take a plate." The chief executive of Gavin Group, the CEO of Guoqing, hinted that such an outspoken behavior would affect Dangdang's share price. "Who can control Guoqing's mouth?" he says. Investors can not, investment bank can not, his wife Yu also can not? What happens when the share price is Monday? "Snowball Finance and I, founder of Fang Sanwen, after watching the show, three months, when there will be big events."