企業(yè)上市與證券承銷(編輯修改稿)
2024-11-11 14:23 本頁面
【文章內(nèi)容簡介】 and 2021, and the results of their operations and their cash flows for each of the years then ended, in conformity with generally accepted accounting principles in the United States of America. These financial statements are the responsibility of the Company’s management。 our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with generally accepted auditing standards in the United States of America, which require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management and evaluating the overall financial statements presentation. We believe that our audits provide a reasonable basis for our opinion. /s/ PricewaterhouseCoopers Zhong Tian CPAs Limited Company Shanghai, People’s Republic of China February 26, 2021, except for Note 20, which is as of April 22, 2021. 24 路演及推銷 ? 路演 – 時間：數(shù)周 – 地點：各主要金融中心城市 – 人物：主承銷商，公司經(jīng)理層，投資者 – 目標(biāo)：向投資者傳遞信息，并了解投資者的認(rèn)購意向 ? 投資者組成 – 機構(gòu)投資者 – 個人投資者 – 海外投資者 25 定價 ? 時間及參與者 證監(jiān)會發(fā)出放行通知的前 2－ 3天，由主承銷商的項目經(jīng)理和發(fā)行人負(fù)責(zé)經(jīng)理協(xié)商 ? 定價方法 – 固定價格法 – 開放定價法 ? 考慮因素 – 市場現(xiàn)狀 – 市場反應(yīng) – 后市考慮 26 發(fā)行人 主承銷商 承銷團成員 甄選的交易商 經(jīng)紀(jì)人 公眾投資者 麥斯威爾公司發(fā)行 250,000 股票 美林證券 包括美林在內(nèi)的 15個投資 銀行 承銷團 27 承銷折讓 主承銷商 承銷團其他成員 甄選的交易商 經(jīng)紀(jì)人 公眾投資者 賣價 $，如果買方為交易商 $，如果買方為公眾投資者 $，如果通過經(jīng)紀(jì)人出售 $，如果直接賣給公眾投資者 $，賣給公眾投資者 買價 ($) $ $ $ $ $ 28 超額認(rèn)購權(quán)及墓碑廣告 ? 超額認(rèn)購權(quán) – 又稱綠靴條款 (Green Shoe Option) – 主承銷商向發(fā)行人額外購買最多 15%的股票 – 平息后市高漲的價格 ? 墓碑廣告 (Tombstone) – 投資銀行實力的宣示 – 形式類似墓碑 29 26,000,000 Shares Hartford Life, Inc. Class A Common Stock (par v alue $.01 per share) Price $ Per Share Upon request, a copy of the Prospectus describing these securities and the business of the pany may be obtained within any state f rom any underwriter who may legally distribute it within such state. The securities are of f ered only by means of the Prospectus, and this announcement is neither an of f er to sell nor a solicitation of an of f er to buy . 20,800,000 Shares This portion of the of f ering is being of f ered in the United States by the undersigned. Goldman Sachs International Merrill Lynch International Man Stanley Dean Witter Smith Barney Inc. Credit Suisse First Boston A. G. Edwards amp。 Sons, Inc. E dward D. Jones amp。 Co., . Lehman Brothers PaineWebber Incorporated Prudential Securities Incorporated Adv est, Inc. Sanf ord C. Bernstein amp。 Co., Inc . Bradf ord amp。 Co. Conning amp。 Company Dain Bosworth FoxPitt, Kelton Inc. Legg Mason Wo od Walker Incorporated Incorporated Piper Jaf f ray Inc. Principal Financial Securities
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