If Yan Ling and Qi Yi casually had a meal together, it could become breaking news—then today's particularly unusual dining atmosphere, even if it doesn't make the headlines, would at least be "medium-sized" news.
Even if Qi Yi's "small and micro fund" had already been "reserved" by Y·Y, it wouldn't affect the big investment banks from getting a piece of the action during Y·Y's listing process.
Rather than trying to catch Yan Ling, who only came to the United States occasionally, it would make more sense to start with Qi Yi, a "small private fund manager" who had been "pre-selected."
Regardless, when Y·Y actually decided to go public one day, it certainly couldn't be just one investment institution participating.
Monopolizing the market is a sure way to choke, and this rarely happens on Wall Street anyway.
After all, going public is a major project, and it'd be difficult for one institution to do it alone; doing so would be tantamount to suicide.
