Chapter 466 LOMX Group goes public
"Your Highness the Duke, Mr. Phelan O'Neill has arrived."
Barron's personal assistant Wang Wanting opened the door of Barron's office and said so.
Behind her, stood a middle-aged man in his thirties with a straight suit and black-rimmed glasses.
“Hello, Your Highness the Duke.”
"Sit down, Mr. O'Neill."
Looking at the man sitting in front of him with a respectful expression, Barron smiled and said:
"Can I call you Fearon? You already I have worked in DS Group for more than two years and joined our company relatively early. "
"Yes, Your Highness the Duke."
"I won't say any more. Next, I will tell you how to do it. The first thing is to acquire a suitable company on Wall Street. , a fully qualified fund company..."
Phelan O'Neill listened to Barron's words carefully and kept these words firmly in his heart.
It can be said that being able to get such an opportunity is what he has dreamed of.
Phelan has been working at DS Investment Company for nearly three years. He was also one of the members of the operation team that Daisy initially recruited. It can be said that as DS Group became one of the giants in the British financial investment industry, Feilan Lun also benefited a lot. The bonus he received alone was enough to provide his family with a comfortable life in London.
But at the same time, Fearon also saw people like Daisy and Amber Sheehan, the CEO of DS Holdings, how they became super-powerful people with an annual salary of millions and an annual income of tens of millions. Managers, except for them, can get an annual salary of more than one million pounds in DS Group management, not too much...
Now that Feren has gotten such an opportunity, he must seize it tightly - he understands what the young and handsome Duke in front of him means in England. , if you can gain the trust of the other party, your destiny will change from then on.
All he needs to pay is his loyalty and talent. There are so many capable people, but not everyone can have such an opportunity.
……
After several months of review, the relevant agencies of the European Union and Italy have finally approved the LOMX Group’s acquisition plan for the Italian exchange.
When they first contacted the Italian Exchange, the London Stock Exchange had not completed the acquisition of the OMX Group, but it was this acquisition that made the subsequent acquisition of the Italian Exchange easier. under antitrust investigation.
After all, even if the LOMX Group acquired the Italian Exchange and became the largest exchange group in Europe, there are still two comparable competitors in the European market: the German Exchange and the Euronext Group. who.
However, this news appeared before LOMX Group was listed on Nasdaq, which can be regarded as a benefit to their stock price.
On May 8, LOMX Group’s shares were listed on Nasdaq.
This time IPO on the Nasdaq market, 300 million public shares will be issued, all of which are newly issued shares. The issuance price of LOMX Group's shares is US$5. At this price, they will raise US$1.5 billion and the group's market value is US$10 billion.
On the day of listing, LOMX Group's shares opened at a price of $5.5, hit a high of $6.45 that day, and finally closed at a price of $6.14.
Based on this closing price, the market value of LOMX Group has reached US$12.28 billion.
After listing, the shareholding ratio of LOMX Group: GII-1 Holding Company (Global Industrial Investment Fund Phase I) holds 786 million shares, accounting for 39.31%; GII-2 (Global Industrial Investment Fund Phase I) Fund Phase II) holds 744 million shares, accounting for 37.19%; Nasdaq Group holds 170 million shares, accounting for 8.5%.
It is worth mentioning that when the first phase of the GII Fund was completed, it was acquired as a whole at a valuation of 1.5 billion pounds on the London Stock Exchange. In fact, a considerable part of the shares were purchased in the secondary market in the early stage. , the cost of the GII Fund's overall acquisition of the London Stock Exchange was less than 1.5 billion pounds.
The LOMX Group shares currently held by GII-1 Holdings are worth more than 4.8 billion US dollars, equivalent to 2.75 billion pounds. It can be said that the value of their investment has almost doubled now.
In addition, because it holds 170 million shares of LOMX Group, the share price of Nasdaq Group rose by 5% on the day LOMX Group was listed...
On the day the listing was completed, LOMX Group announced that they would use the US$1.5 billion in funds obtained from the IPO listing on the Nasdaq market, plus their own funds, to complete the acquisition of the Italian exchange. After that, the Italian exchange Therefore, its securities trading platform will be merged into the LOMX Group.
In this way, LOMX Group will become an exchange group with multiple exchanges in England, Italy, Nordic and Baltic regions, facing global investors, and the largest exchange group in Europe. Next, they will Many new technologies have been introduced into transactions, providing investors with a more advanced and convenient financing and investment platform.
After expanding the scale of the LOMX Group's exchange, at least quantitative and high-frequency trading funds such as the Athena Fund and Hera Fund under DS Investment Company will be able to receive more information support, allowing them to mathematically The model runs more accurately.
Athena Fund is a quantitative trading fund of DS Group. Its current scale is close to US$5 billion. In the past year, the Athena Fund’s return rate has been as high as over 50%, which is terrifying.
Of course, this also benefits from their prediction of the overall economic trend. In such a generally upward economic cycle, if the correct trend is determined, the investment strategy can be bolder.
Even the Hera Fund, a high-frequency trading fund that was just established last year mainly for stock trading on the London Stock Exchange—it was originally the first phase of Caesars Fund and Global Industrial Investment Fund, each investing US$500 million. According to Zeuss, which was previously established in the United States, Fund experience, a high-frequency trading fund operated by DS Investment Company - now, the scale of its assets has grown from the initial US$1 billion to more than US$1.4 billion.
After the establishment of LOMX Group, DS Investment Company began to increase its stock investment in the exchanges owned by the original OMX Group. Now that the Italian Exchange has joined the LOMX Group, the investment scope of DS Investment Company's funds has expanded again.
The previous funds from the Cavendish Trust Fund were used to repay a US$3 billion loan from Goldman Sachs Group (financing for the acquisition of Standard Chartered Bank shares) and a £2.5 billion loan from Northen Rock Bank (for the acquisition of Gucci Group) After the shares were borrowed (loans obtained as collateral against a series of holdings), more than $14.6 billion remained.
Of these funds, they once again took out 1.6 billion US dollars and invested it in the Hera fund, making this fund focused on high-frequency trading of exchange stocks under the LOMX Group, with a capital scale of more than 30 billion US dollars.
This kind of high-frequency trading seems to be very profitable, but in order to remain competitive, the investment will also be huge, including the computing power of their computers and the maintenance and upgrade of mathematical models, which are very expensive. thing - otherwise there is no such moat, why would you let you pick up such money?
Moreover, most funds or companies involved in high-frequency trading will not announce too much of their profits. It is best to make a fortune silently, otherwise it will be easy to attract more funds into this field.
Therefore, the two high-frequency trading funds of DS Group, the Zeuss fund is in cooperation with Goldman Sachs Group, and the Hera fund is entirely funded by their own funds (Cavendish Trust Fund) and its affiliated funds. Injection is not open to receiving funds from other investors.
It is the size of the Athena fund. Because it provides relatively stable fixed income products and has been running smoothly so far, the size of its funds is still increasing. It is also because this fund is not like Mars. The fund only has an investment window open once a year, and the growth rate of investors and funds has exceeded that of the Mars fund.
(End of this chapter)