Ant groups preparation before listing is comparable to spy War: a confidentiality agreement

category:Finance
 Ant groups preparation before listing is comparable to spy War: a confidentiality agreement


Before the official announcement, most of the star companies arrangements for listing in Hong Kong were flatly denied, although this denial seems meaningless in reality.

The practice of ant group is more exaggerated. Around May, they will include investment banks, law firms and audit institutions to assist in the listing to the 7th floor of Gloucester building, land Plaza, central.

This is the decisive battle base of ant group before listing.

Action code: Programmer

The whole listing plan of ant group is like a spy film.

In Hong Kong, the story about the listing of ant group has been passed on by countless people in central. It is the only chance for them to make a lot of money this year. Although they have no idea about the listing arrangement of ant group, they are highly regarded.

Outside the 7th floor of Gloucester building in central place, all stories about the listing of ant group are carried out with this code. Including for the ant group to do listing members, after taxi or other consumption, reimbursement, etc. are carried out with this code.

The 7th floor of Gloucester tower is actually one of the offices of relief Merrill Lynch, a financial printer listed by ant group in central. Even if you are working on the 8th floor of the upper floor, you may not know that the listing team of ant group is stationed on the 7th floor for nearly half a year, if it is not in the project team.

However, the employees of relief Merrill Lynch, who entered the listing group of ant group, were divided into two groups to provide 24-hour services for the listing of ant group.

Listing process of ant group: a confidentiality agreement

Confidentiality is the most important thing in the listing process of ant group.

Since May this year, ant group has contracted out all the offices of its financial printer letterpress Merrill Lynch, located on the 7th floor of Gloucester building in land Plaza, central, which is equivalent to renting the whole floor office for more than six months. On this floor, letterpress Merrill Lynch has 15 conference rooms, which is the largest of its three offices in central.

Although occasionally, there are some IPO projects in Hong Kong that require confidentiality, such as the project of returning to Hong Kong for the second time, which involves the impact of the companys US stock price. As a rule, these projects are just a few days under the cover of all conference rooms in the relatively small location of letterpress Merrill Lynch.

In terms of the monthly rent of HK $200 per foot, ant groups estimated rent for the entire seven floors contracted by ant group is more than HK $20 million, which is much higher than the total cost of financial printing for many IPOs in Hong Kong.

Ant group needs a password for anyone who enters the 7th floor of Gloucester building in landmark.

With more than 350 people in total, Merrill Lynch is also the largest financial printer in Hong Kong. In addition to printing, printing, typesetting and meeting rooms for ant group, letterpress Merrill Lynch also provides translation of marketing materials.

More importantly, letterpress Merrill Lynch is also Alibabas financial printer who went back to Hong Kong for a second listing last November. At that time, as a secondary listing project back to Hong Kong, Alibaba also had very high confidentiality requirements.

Financial printers in the IPO process is equivalent to the logistics headquarters, all the listing materials have to be gathered here, comparable to the listing information collection center. The listing process will not begin until the intermediaries and financial printers have sorted out all the materials and printed them out and submitted them to the listing section of the Hong Kong stock exchange.

From companies to investment banks, law firms and other layers of confidentiality, if there is any error, if the information is inadvertently leaked in the financial printing center, it will fail.

Thats why ant collection is so cautious to financial printers, even if they dont seem to be very important, and requires every waiter of all financial printers to sign a new confidentiality agreement.

Ant group also asked investment banks and law firms to do the same. All the investment banks and lawyers involved in the listing of ant group have to sign a separate confidentiality agreement in addition to the confidentiality agreement in each contract. This is why large media cant get the progress information of ant group in the process of listing.

All the time, acceleration is needed

Ant groups listing plan has been running forward. Compared with such a large volume, it is a completely new field. The listing team of ant group needs to prepare more materials for supervision than other IPO companies.

More importantly, ant group chose a + H to be listed at the same time, which also increased a lot of workload for the listing team.

This is also the ant group chose to contract the whole floor conference room of letterpress Merrill Lynch. Intermediaries such as investment banks and law firms can work overtime here at any time.

Comparatively speaking, the listing process in Hong Kong is relatively simple. In other words, in order to ensure the smooth listing of ant group, the Hong Kong Stock Exchange and the Hong Kong Securities Regulatory Commission have been waiting for service.

However, the hearing time of ant group in Hong Kong is on October 19, Monday. This means that this is a separate meeting of the Listing Committee - except that the Hong Kong Stock Exchange chased Xiaomi group as the first case of listing the same share with different rights, this is the treatment that few IPO companies can have, or only when the IPO projects are overstocked.

The treatment of ant group in a share is also good. The Shanghai Stock Exchange approved the listing plan of ant group within 24 days. Compared with other IPO companies in the same period, it was reviewed for three or four months, which obviously accelerated.

But even so, ant groups IPO is about two weeks later than expected.

This is because, like most other listed companies in Hong Kong, the ant group has also received a lot of complaints during the preparatory process, including the group of ants, whose Alipay is the only third party channel, and buys five mutual funds for initial public offerings as retail investors. All of these complaints require companies and intermediaries to work together to prepare materials to explain to regulators - these explanations take a lot of time. In order to catch up with the schedule, relief Merrills staff work 24 hours a day to provide services to ant group. In the past six months, it is common for investment bankers and lawyers to go public for ant group to leave the office at three or four oclock in the morning, sleep for a few hours, and then get up for a meeting. Fortunately, ant group will begin to offer shares on October 29. All the intermediary teams will stay for another two weeks. Ant group will be completely liberated after it is listed on the Hong Kong Stock Exchange and the science and technology innovation board at 9:30 a.m. on November 6. Apply for bankruptcy! Wang Hans 100 billion P2P has been bombed by netizens again! Central bank enlarges its measures! China Construction Bank, Agricultural Bank of China and Bank of China were severely fined more than 40 million! Ma Yun: lakeside university has been running for five years, and its admission rate is 2%, which is more difficult than Harvard Universitys admission_ NB12679

This is because, like most other listed companies in Hong Kong, the ant group has also received a lot of complaints during the preparatory process, including the group of ants, whose Alipay is the only third party channel, and buys five mutual funds for initial public offerings as retail investors.

All of these complaints require companies and intermediaries to work together to prepare materials to explain to regulators - these explanations take a lot of time.

Fortunately, ant group will begin to offer shares on October 29. All the intermediary teams will stay for another two weeks. Ant group will be completely liberated after it is listed on the Hong Kong Stock Exchange and the science and technology innovation board at 9:30 a.m. on November 6.