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After a while
Wang Yaocheng left the grand banquet hall, came to a remote suite, rubbed the stiff muscles on his face vigorously, and cursed incessantly;
"All of them are perverts, nasty ruffians, inferior goods with dirty blood flowing in their bones, a group of scum"
At this time, Mr. Merck, a partner of Goldman Sachs, who had not appeared for a long time, walked in with a happy face.
"You can stop complaining, you lucky boy, Netscape's oversubscription has reached 27 times, after careful research by Goldman Sachs, it has decided to raise the issue price to 28 US dollars, let those greedy investors cry. We have the strength to slap them hard in the face."
"Oh! That's the best news I've ever heard."
"So, it's time to celebrate with champagne."
"Hahahaha no problem."
In the original history;
In 1995, Netscape's initial public offering was a great success, with an issue price of US$14. Until the last moment, due to the huge promotion of oversubscription, the issue price doubled to US$28.
On the first day of listing, Netscape's stock price soared to $75, creating an amazing wealth myth.
Today, the inertia of history is still strong.
Although Netscape doubled its stock offering to 100 million shares, it was still enthusiastically sought after by fund managers, and the oversubscription reached 27 times. This gave the experienced investment bank leader Goldman Sachs the opportunity to grab huge profits. Chance.
You know, Goldman Sachs is one of the top major shareholders, holding millions of shares in Netscape, which means huge income.
Fund managers are not without brains. Although the funds raised have doubled, the risk is also small.
In the original history;
Netscape has an extremely powerful opponent, Microsoft's IE browser, which is a giant crocodile hidden under the iceberg, and it must not be underestimated.
In fact, Netscape's Navigator browser was killed by the IE browser, Microsoft's dominance of the market, and the free bundled sales.
Although, Netscape initiated an unfair competition lawsuit in the federal court and invested huge sums of money in the lawsuit.
However, it was useless. The navigator browser didn't make it to the last moment, and was dragged until it burped and caught a cold.
now
Netscape is alone and can monopolize the entire browser market, opening up to Netscape almost without resistance. Microsoft is a strong ally and the second largest shareholder.
This huge difference between the inside and the outside should be the real reason why Netscape is more sought after.
There are so many fund managers that none of them are fools. The United States has the most experienced financial elites in the world. It is purely whimsical to deceive so many people.
When everyone was beaming, Wang Yaocheng smiled very happily. He did something that no one in the world dared to imagine, and he really deceived everyone.
February 12, 1993
? On the eve of the opening of the Nasdaq market in the morning
A group of senior executives of Netscape and Mr. Huo Jiaguang's investment team gathered in front of the large flashing display screen, with the prominent logo of Netscape in the background, all showing happy smiles.
When the bell rang, bright flowers wafted all over the sky, and Netscape was officially listed.
Once opened
Netscape's opening price of US$28 was broken through by a huge buy order, and it was instantly raised to US$32. However, the trading volume was scarce, showing the strong reluctance of the holding institutions to sell.
$33$34$35
20 minutes after the market opened, Netscape's stock price soared like a monkey, almost without the slightest pause at the integer mark, and soared all the way!
? One hour after opening
The stock price lingered for a while around $47, and rose sharply again ten minutes later, which instantly ignited the frenzy of traders in the market.
? As of the closing time, the turnover rate reached 3.3%, and the stock price remained stable at 59 US dollars, showing that the buying power was quite strong, helping the stock price to soar simultaneously.
Inside the Empire State Building Hotel
Senior executives of Netscape Corporation have held a grand celebration reception. Senior executives from Goldman Sachs, Microsoft, Blackstone Fund, and Sequoia Fund have attended the scene, celebrating this great victory with red faces.
All the people present have earned as much wealth as gold and silver, so they are naturally smiling.
Especially the partners of Goldman SachsOn Yaocheng's face, the backbone of a successful man is tough and full of confidence.
Say it out loud, no!
For the successful listing of Netscape, Wang Yaocheng has an extra US$840 million in his name, minus the huge US$99.6 million fee paid to Goldman Sachs for guidance and listing, he still holds US$740.4 million.
Although strictly speaking, this part of the funds belonged to Netscape, and major shareholders had no right to occupy them.
In fact, there are n ways for major shareholders to withdraw huge amounts of funds and use them for other purposes without any trouble or violation of the law.
First, Netscape is building its headquarters, with an estimated investment of 110 million US dollars. Red Hat can reach a related transaction with Netscape, and at a price of 350 million US dollars, the property rights of the company's headquarters and other office buildings and land will be traded at a high price. to Netscape.
The left hand was switched to the right hand, and 240 million U.S. dollars were put into the pocket.
Second, purchasing relevant patents and research results of Red Hat at a high price can achieve the same effect.
Third, the current bank account funds are exclusively managed. The funds raised by Netscape Corporation enter the designated bank, and through bank deposit and loan operations, they may never come back.
Fourth, provide a huge guarantee for major shareholders.
Fifth, financing related transactions.
Sixth, borrow money.
Seventh, mergers and acquisitions, investment bloody.
Eighth, large dividends.
Ninth, complex investment and financial management
Everyone is willing to be a major shareholder, because major shareholders have decision-making power, can lead the development direction of listed companies, and can quietly drain the capital pool, which has many benefits.
Now Wang Yaocheng is going to do this, and he will hold the benefits in his hands first.
Netscape is investing everywhere, and it looks like it is going fast, and its business performance is soaring, and it is a prosperous scene of burning oil.
If you are not a senior professional, it is difficult to figure out the mystery inside.
When the lid was lifted a few years later, the inside was already rotten and empty. (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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