Chapter 1105 'Injured' Steve Jobs (Please subscribe!)

Hanfrai was a loyal fan of ERV.

He was very optimistic about its future.

However,

the issuance of stocks in the United States was different from Huaxia. New shares were 'allotted' by the underwriters who contacted clients in advance to sell them, unlike in Huaxia, where shares could be applied for directly.

But there was no small chance of breaking the issue price.

FACEBOOK had the same experience back then, with the stock price falling below the issue price on the day of the listing. Thus, the frenzy for new stock subscriptions in the United States was not high, unlike in Huaxia, where buying new was almost always profitable.

On average, more than a hundred companies went public each year.

Two to three hundred companies were delisted.

Such high delisting risks made the investments over here more rational.

That was the reason for the 'road show' element.

It was to give investors confidence.

If it was ordinary stock,

Sales would be a problem.

But with ERV,