IPO

Ace received information about the beverage industry two days later. Ace chose to enter the beverage industry after analyzing all of the material. Coca-Cola and Pepsi currently occupy the market in the United States.

"Richard, acquire a small beverage company."

"OK, boss."

"How did the IPO preparation go?"

"Boss, all three of your subsidiaries are going public." The IPO is being supported by major banks and other financial entities."

"When was it scheduled?"

"First week of February, boss." In addition, some banks and financial institutions want to become stockholders."

"Having shareholders is unavoidable when going public."

"Boss, Henry has also asked to attend the IPO meeting."

"When did the meeting take place?"

"Two days later, Mr. Boss."

"Ok."

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Ace attended the conference two days later. After greeting Henry, Ace entered the conference room. Ace looked at the various bank representatives.

"Good morning, everyone. I am the chairman of Ace Royal Foods."

They were astonished to see Ace because he was too young. Ace also looked for Wells Fargo, JP Morgan, Bank of America, Citigroup, and other financial institution executives. Famous consortium families rule American life behind them.

"First and foremost, thank you for your trust and assistance with our companies' IPO."

"You can now look at our company's sales and revenue."

After that, Henry handed them the documents. They already know the company's sales as a result of their study. They were startled to read the figures because each company had sales of up to 15 million dollars and profits of approximately 2 to 3 million dollars.

The paperwork also includes its assets and liabilities. The combined value of the three enterprises is approximately $300 million.

"Don't you think the value of your companies is too high, Mr. Ace?"

"To be honest, the value is still low." Since my company still has a 50% market share and you've all seen the sales."

"How can you be certain that your company will still control 50% of the market after the IPO?"

"First and foremost, I am doing this IPO to expand it globally, and imagine if it controls 50% of the global market." I can't ensure that our company still has a 50% market share. Many of you have already tried our items and are familiar with their quality."

"Although your products are excellent, we must consult with our company regarding the company's valuation."

"Ok"

"Boss, is a 50% global market share possible?"

"Who knows about it, but you have to do your best."

"Yes, Mr. Boss."

They all returned after a while.

"How much are you going to take out of the shares, Mr. Ace?"

"For each subsidiary, I can take 20% of the shares, and you can buy if you're interested."

Each of the companies was worth $100 million, and Ace made a profit of $60 million by selling shares. Some banks invested in three enterprises, while others invested in one or two. To be honest, they didn't think his company would be able to dominate the global market. His dead soldier companies are hidden behind certain financial institutions that participated in shareholding.

Ace Royal Foods occupied 65% of each company's shares and became the largest stakeholder, with the remaining 5% being distributed to each company's presidents and employees. The IPO uses 10% of the shares and each share is worth one dollar.

"Mr. Ace, we are also interested in Ace Royal Foods shareholders."

"I'm sorry; I hadn't considered the parent group's IPO."

"If you are considering an IPO, please contact us; we can assist you."

"Thanks."

After that, representatives are left.

"Has a date been set for the IPO?"

"Yes, boss, all three companies will go IPO on February 3rd."

"Good."

Henry also had stock in Ace Royal Foods, not the subsidiaries. Ace granted him 5% of the company's stock.

"Richard is acquiring a beverage company, and we will soon have a beverage company."

"OK, boss."

" Call three company presidents and we will discuss plans."

"OK, boss."

Ace immediately met with them and discussed their ideas. Ace Slowly intends to expand across Europe, South America, and Asia after the IPO. Ace left the company at the end of the day.

*******************

On February 3rd,

Ace attended the company's initial public offering (IPO). All three companies went public at 10 a.m. The initial share price was one dollar, then it gradually climbed following the IPO to 1.4....1.5....1.7 dollars. The worth of the companies doubled in an hour. The company did not produce billionaires, but it produced millionaires.

Ace Royal Chicken's share price was 1.9 dollars, Ace Royal Burger's share price was 2.4 dollars, and Ace Royal Pizza's share price was 2 dollars. Ace also organized a little party at the Hilton to celebrate the successful IPO.

Then there are all the articles in the press about him and his businesses. Of course, his newspaper also profiled him as an emerging food tycoon. Ace traveled to Los Angeles after nearly a month. Smith had already purchased the Times Square building and formed a legal entity with Richard's assistance. Smith intended to expand his group into Las Vegas as well.

Star Wars collections are approaching 100 million dollars after a month, and attendance has only decreased. Lucas is also ready to begin work on Part 2, which is set to begin at the end of March. His novel Jurassic Park sold roughly 5 million copies and was gradually increasing, and Ace plans to publish another book this summer.

Richard was also busy acquiring a beverage company, and he had already turned Ace's unauthorized money into official wealth with the help of dead soldiers in the IRS. Ace has already planted dead soldiers in key US departments.

Lynda has also been preoccupied with her new picture, and he has no idea how long it takes to contact her.

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