Cha-ching! Blackstone, GETCO, Jefferies and the other firms that stepped in with a lifeline for Knight Capital have – on paper – doubled their money in less than a day. Who says America isn’t the land of opportunity? The group is buying $400m of convertible shares in Knight, which short-circuited last week when a computerised trading system malfunctioned, resulting in a $440m loss that threatened to send the company into bankruptcy. The convertibles give the buyers the right to purchase 267m shares in Knight at $1.50, about half of the trading price yesterday. The buyers will get 70 per cent of Knight at a valuation of less than 5 times last year’s net income.
哗！为Knight Capital提供救命钱的黑石(Blackstone)、GETCO、杰富瑞(Jefferies)以及其他公司在不到一天的时间内把救助资金增加了一倍（理论上）。谁说美国不是一个机会之地？它们正在购买Knight Capital 4亿美元的可转换股票。上周，Knight Capital由于电脑交易系统故障而大出纰漏，导致4.40亿美元亏损，可能会让该公司陷入破产。可转换股票让买家有权以1.50美元购入Knight Capital的2.67亿股股票，这一价格约为昨日股价的一半。买家将以不到去年净收益5倍的估值获得Knight Capital 70%的股权。