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.
嘩！為Knight Capital提供救命錢的黑石(Blackstone)、GETCO、杰富瑞(Jefferies)以及其他公司在不到一天的時間內把救助資金增加了一倍（理論上）。誰說美國不是一個機會之地？它們正在購買Knight Capital 4億美元的可轉換股票。上周，Knight Capital由于電腦交易系統故障而大出紕漏，導致4.40億美元虧損，可能會讓該公司陷入破產。可轉換股票讓買家有權以1.50美元購入Knight Capital的2.67億股股票，這一價格約為昨日股價的一半。買家將以不到去年凈收益5倍的估值獲得Knight Capital 70%的股權。