Chapter 285 Raising the Issue Price
When Barron returned to London, Summit Media was conducting its second round of roadshows for their IPO.
As early as March, Summit Media received approval from the UK Listing Authority (UKLA) and the London Stock Exchange (LSE) and officially started the initial public offering (IPO) process.
This time Summit Media went public, and they chose Barclays as their sponsor and underwriter.
During the first round of road shows, Barclays Bank set an issue price for Summit Media in the range of 12-13 pounds per share.
However, because investors were too enthusiastic, the first round of roadshows was oversubscribed. Therefore, during this round of roadshows, they increased the issuance price and set it in the range of 13.5-15 pounds per share. .
At a price of only 13.5 pounds per share, this IPO can raise 337.5 million pounds, and its market value will reach 1.6875 billion pounds.
Because Summit Media’s shareholders at this time, DS Holdings and Sinclair Group, both need to lock their shares for one year, the 25 million shares issued by Summit Media this time are all newly issued stocks, and no original shareholders have reduced their holdings.
During the roadshow, Summit Media CEO Fergal Hayden announced that the funds they raised this time will be used to purchase more program content and increase the company’s production capabilities, and will launch their paid services on the Freeview platform this year. Channel SD Sports.
Due to its previous high-quality program content represented by "Downton Abbey", "The Traitors" and "Love Island", and the number of users covered by the Freeview platform has exceeded 12 million, the number of SDTV viewers has become increasingly close to that of the UK. ITV, the third largest television station.
Coupled with the upcoming SD Sports Channel, a paid channel, investors are extremely optimistic about the prospects of SDTV.
Especially on Saturday night, May 1st, "Strictly Come Dancing" produced by Giant Studio, the production company owned by Bonnie Stuart, the hottest producer in England and currently the most "top" host. strictly come dancing)" was broadcast on SDTV, and the response from the audience was very good.
When this program was first broadcast, there were only more than 3 million viewers watching it. As the program progressed, the viewing curve has been on an upward trend, and the final peak reached nearly 7 million!
By this time, people in the industry had already determined that another phenomenal variety show had appeared.
The success of "Strictly Come Dancing" has made Giant Studio a well-known program production company. Bonnie has succeeded again and has almost booked various awards for this year's variety shows.
At the same time, the success of this program has also made investors more optimistic about Summit Media's IPO. After all, their SDTV is the broadcast platform for this program.
Even in this road show, the issuance price of Summit Media was raised, investors' enthusiasm for chasing it has not subsided.
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Because of Alia's "accidental encounter" with Mikhail in New York, after returning to London, Barron did not let her return to live in the mansion at The Holme in Regent's Park as before.
Instead, he stayed with him and lived in Barron's villa in Kensington.
And here, he has also strengthened his security forces - now the number of guards near his residence and the number of bodyguards following him on trips have been doubled.
At the same time, after the intelligence team obtained as much information about Mikhail as possible, they were also keeping an eye on each other through certain official channels - if Mikhail entered the UK under his real name, They will be notified immediately.
Of course, people like Mikhail are very likely to enter the country with false identities, so even with this layer of protection, Barron still has not relaxed his efforts to ensure the safety of himself and those around him.
“When we have enough food and clothing, support for our elderly, and education for our children, please don’t forget that in many places on the earth, there are still many people who are homeless. Some of the children there have become orphans, and most of them have become orphans. They are all tortured by hunger, not to mention the opportunity to receive education..."
"Our Devonshire Charitable Foundation is committed to working with some caring people who share the same vision to help those poor children so that they can get food, drinking water, health and knowledge. Thank you to His Royal Highness the Prince of Wales and Westminster His Royal Highness the Duke, His Excellency Viscount Bute, and many more friends for their support and help..."
After Barron finished speaking, the hall was drowned in applause.
The Devonshire Charitable Foundation held a fundraiser here today to provide humanitarian aid to children across the globe in Africa and Iraq.
"I'm glad you're stepping up and doing these things, Barron."
As on many occasions, the Prince of Wales was very keen to attend these charity events. He patted Barron affectionately on the arm and said to him.
"Compared with what you have done, these insignificant contributions of mine are nothing, Your Highness."
"One more thing, Barron, His Majesty will personally receive the guests from Keluo..."
Hearing His Royal Highness the Crown Prince's seemingly casual words, Barron smiled:
"Congratulations to Your Royal Highness, and to Her Majesty the Queen, on our new addition to the Commonwealth."
"You've given us a problem...Barron, we all know what's going on."
"Cheers, Your Highness..."
Barron picked up the wine glass on the side, clinked it with the crown prince, and took a sip:
"At least this won't be a loss for us, right? The French will show restraint. Well, maybe they are eager to get rid of the burden of Kolo..."
Yesterday, a delegation from the Republic of Colo, headed by Jammeh Bongo, arrived in London by flight.
This time when they came to England, in addition to showing goodwill, Jamei Bongo also hoped to get some assistance from England, so the delegation came directly by civil aviation in a very "pragmatic" way.
Even Jammeh Bongo, who is now the president, bought an economy class ticket. His gesture was praised by some media - including The Independent.
On the day he arrived in London, Jamei Bongo was received by the Prime Minister...
During the meeting, Jammeh talked about the idea of joining the "Commonwealth", which actually interested the Prime Minister. After all, being able to expand the influence of Britain is also one of his political achievements.
As for saying they hope to gain British support in the EU's "debt relief", as Barron said, they have nothing to lose.
After all, as Colo was a member of the West African Franc Zone, not much of its debt belonged to Britain. Relatively speaking, the countries that are members of the Paris Club hold the most Colo debt...
This is why Jammeh will only talk about joining the Commonwealth in meetings with the British Prime Minister and the Queen this time, but will not mention it in public.
England and France...are not that close most of the time.
If there is an opportunity to poach France and bring them together, well, I'm afraid the British won't miss it.
Furthermore, the low-interest loan that Jammeh hopes to obtain has not encountered too many obstacles, but in terms of the amount, it will definitely be decided after sufficient argumentation.
But no matter what, Jamei Bongo will definitely gain something in England this time.
What's more, Her Majesty the Queen personally received her.
