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Silicon Valley, Red Hat.
A group of four Cadillac limousines drove into the company and stopped at a three-story office building on the inner side. Wang Yaocheng got out of the car under the guard of vigilant bodyguards, and then went upstairs.
"Chairman, good afternoon."
"Well! Let's do something."
"Hello, Chairman."
"Um!"
? When Wang Yaocheng came to the third floor, he saw the deputy general manager Huo Jiaguang coming out with a smile on his face, and he took the initiative to say hello;
"Brother Jiaguang, please stay safe!"
"Thanks to the boss, everything is going well. I still have something to report to you. I don't know"
"Come on, let's talk in the office."
The windows of the chairman's office are clean and clean, without a speck of dust. The female secretary Guo Liyi has already brewed tea and served it, and the documents that need to be approved by the chairman are neatly placed on the desk.
There is even a simple index, which briefly introduces the documents that need to be reviewed by category. It is concise and concise, reflecting the profound secretarial skills, and the work is done to the extreme.
Wang Yaocheng and Huo Jiaguang sat down, and the female secretary Guo Liyi whispered in his ear; "The vice president, Ms. Cai Linlin, was invited to the distributor of Netscape Navigator 2.0 to discuss cooperation matters. go home."
"Um!"
Wang Yaocheng nodded slightly to show that he understood, and the female secretary Guo Liyi quietly retreated, and closed the office door smoothly.
"Boss, according to your division of labor, I didn't intervene too much in Netscape's affairs. The vice president, Ms. Cai Linlin, was mainly in charge. She did a good job and I think she is a very good enterprise manager.
There are three things to report today.
the first thing;
The boss arranged to withdraw half of the funds, about 150 million US dollars to acquire the shares of Nokia Corporation, and my investment team has already started operation.
?Because the amount of stocks acquired is relatively large, it will take about two to three months to gradually build positions so as to dilute the cost and hold them for a long time. "
Huo Jiaguang opened the folder in his hand and continued;
"The second thing;
Boss agreed to buy 25% of the shares of Pixar Animation. Our capital of 18 million US dollars has been put in place, the legal documents of both parties have been signed, and the relevant financial and accounting supervisors who have been stationed have already settled in the other company.
The current problem is,
Pixar Animation signed a contract with Disney to produce three animated feature films, which will be distributed by Disney.
Now, Pixar Animation is preparing the first fully computer-produced animated feature film "Toy Story", and the number of employees recruited has soared from 86 to 134. In addition to the huge expenditure on computer equipment, the funds we invested are quickly consumed.
If the current situation continues, the funds will be exhausted by the end of the year at most.
The animated feature film "Toy Story" is expected to take at least two years to complete, and Pixar Animation still faces a large funding gap. "
This consideration is very realistic. The funding gap of Pixar animation is real. If the animated feature film "Toy Story" is not completed, it will generate continuous income, which may cause the company's capital chain to break and become unsustainable.
For Pixar animation, this is a big gamble.
Similarly, even though the animated feature film "Toy Story" was released through the channel of Disney Company, this feature film fell to the street, and Pixar Animation still faced serious consequences of bankruptcy and liquidation.
Therefore, Mr. Jobs' decision is desperate, and he has full confidence in the animated feature film "Toy Story", showing the true qualities of a real business man.
After Wang Yaocheng heard this, he smiled slightly and said;
"Well, it's good to have a funding gap.
We can quietly watch and wait for an opportunity that requires us to take action.
Well, we can lend part of the funds to Jobs, or invest in the animated feature film "Toy Story" to see which option he is willing to accept. If it is not enough, we can just borrow money. This is a wonderful opportunity to show favor. "
"Boss, if there is no equity appeal and we take the opportunity to hold Pixar animation in our hands, will our interests be damaged?"
"No, the confidence in Pixar animation comes from the outstanding ability of Mr. Jobs. This is an opportunity to show goodwill. In this way, Mr. Jobs will not regard us as greedy crocodiles, and we can become sincere friends."
"I understand, thank you boss for pointing it out."
&Flamingo aircraft charter company, otherwise, the corresponding route may not be able to apply. "
"Well, the money still needs to be spent, let's do it."
"Okay, boss."
Seeing Huo Jiaguang's leaving back, Wang Yaocheng's heart was bleeding, and with just a wave of his hand, more than 20 top-end S-class Mercedes-Benz limousines disappeared.
No, the wool comes from the sheep.
? The original price of US$14 per share must be mentioned at US$14.5. This must be the case.
According to the rich experience of Goldman Sachs in guiding companies to go public, intensive roadshows in a short period of time are very necessary. The day after the roadshow is completed, the best results can often be achieved by striking the listing while the iron is hot.
During the roadshow, many hedge fund and mutual fund managers, as well as investment bankers, will determine the number of purchase intentions based on Netscape's investment prospects.
? According to the calculation of the new stock issue price of US$14.5, in the total share capital of 100 million, the 30% public equity to be sold is 30 million shares, totaling US$435 million.
If all goes well, the successful sale of the 30% stake means that Netscape's road show is successful, and Wang Yaocheng, the founder of Netscape, can earn 435 million US dollars.
? Among them, there is also a fee of more than 30 million US dollars to be paid to Goldman Sachs to guide the listing, and the rest is the net gain, which is about 400 million US dollars.
Wang Yaocheng is basically a rich man who changed hands. It is not enough to pay this part of the money to Microsoft. Microsoft helped pay the bill of 468 million US dollars for the purchase of 8-inch fab equipment, which is still 68 million US dollars short.
In addition to the acquisition of Fujitsu's fab, the second expects to pay a balance of 190 million U.S. dollars, with a shortfall of about 260 million U.S. dollars.
? Previously purchased the shares of Marvel, and once mortgaged 10% of Netscape¡¯s shares at Citibank, with a loan of 80 million U.S. dollars, and the total funding gap reached 340 million U.S. dollars.
Therefore, investing in the electronic semiconductor industry is a bottomless pit for swallowing gold, and this is just the beginning.
Fortunately, there is Microsoft, which has been taken advantage of, which can relieve the extreme thirst for funds.
? After Netscape¡¯s stock was listed, according to the prior agreement:
Wang Yaocheng can sell another 8% of the equity to Microsoft at the market price through a targeted allotment method, and then withdraw a huge sum of about 200 million US dollars to fill the funding gap.
In addition, the 150 million U.S. dollars in reserve funds held in the hands have not been fully invested in the stock of Nokia Corporation, which can ensure that the company's capital chain will not be broken and remain within a healthy range.
But in this way
Wang Yaocheng's shareholding in Netscape has dropped to 34%, which is a very dangerous level and not enough to guarantee his complete control of the company.
Among them, 10% of the shares were mortgaged to Citibank, and Microsoft's shareholding rose to 19.7%, giving Microsoft, which has always been cautious, an opportunity to take advantage of.
Chance¡¡
Wang Yaocheng gave it, it depends on whether Microsoft can grasp it.
After listing on the NASDAQ market, these investors or investment banks participating in the first round of IPO will choose to sell some stocks and cash out transactions in the market, which completes the entire listing process of Netscape.
If they are optimistic about the bright future of Netscape, investment funds may be reluctant to sell, causing the stock price to rise steadily, and there will be a situation of swarming to chase the rise.
So, can a company go public without going through a road show?
the answer is negative.
Listing on the New York Stock Exchange requires no less than 2,000 shareholders, and listing on the high-tech version of the NASDAQ market requires no less than 400 shareholders.
Since collecting money in other people's markets, this is also a process of cake sharing, and it is absolutely inevitable. Do small tricks and set up many offshore companies to cross-shareholding.
Once it is found out, it will be banned from the market forever, and it will be fined until it vomits blood. A founder with a little sense will not do this. (Remember the site URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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