From March last year to now, many assets in the Internet industry have changed hands many times.
The lists of major shareholders of many listed companies have undergone major changes.
For example, the second largest shareholder of Kaomoji Group was successively changed from Citibank to Merrill Lynch, and then was taken over by BlackRock Group, accounting for a total of 3.7% of the total share capital of Kaomoji Group.
Considering that Su Yehao went public through the IPO without financing, the emoji stocks released for circulation only accounted for about a quarter of the total share capital.
BlackRock Group, also known as Black Rock Group, has become the second largest shareholder with a 3.7% shareholding, which is relatively rare among newly listed Internet companies in recent years.
Divided among several institutions, the scattered tradable shares account for only about one-tenth of the total share capital of Yanmoji Group. This is also one of the reasons for keeping the stock price high. It lacks liquidity in the market and can easily maintain a stable situation.
Market trends are not static.
The Saudi Kingdom Holding Group has been able to hold so many Apple stocks until now, mainly because it has deep financial resources, no need to be responsible to other investors, and does not care about short-term fluctuations.
Unfortunately, from last year's high point to now, Apple's market value has evaporated by more than 10 billion US dollars, and there are still no signs of falling to the bottom. Moreover, Apple's computer business has not improved over the years, and there is not much hope of rising in the future.
, this is the root cause of their decision to clear their positions and cash out.
Now that Apple is cashing out, it can also be used to buy other high-quality assets. Mr. Omar, who is in his forties and has a white cloth on his head, asked after signing the contract:
"Su, when will your Google company start its B-round financing? If I remember correctly, it has been more than a year since the A-round financing, and the funds are about to be used up, right? As long as you agree, we are willing to use the funds from this transaction
Here, invest $300 million in Google.”
When Su Yehao heard this, he thought what a good guy.
It is equivalent to directly exchanging part of the Apple shares held by Kingdom Holdings for Google shares. The current values of the two companies are basically the same.
If Su Yehao hadn't foresighted and understood that the era of mobile terminal equipment was coming, from a business perspective, he would definitely have believed that Google, which was growing rapidly, had obviously higher investment potential, but he knew that the two were actually almost the same.
.
After all the calculations, the more than 400 million US dollars in funds that will be transferred to Kingdom Holdings itself have the least investment value.
so.
Having just exchanged cash with "no investment value" for high-quality Apple shares, it would undoubtedly be against Su Yehao's interests if he immediately exchanged the money for Google shares.
Google has been increasing revenue and reducing expenditures in the past year, and it still has more than 260 million US dollars in its account. Even if it accelerates its development recently, as long as it does not make acquisitions and raises some money-burning projects, it will be enough to support it until the end of this year or the beginning of next year.
After all, Google's advertising business is doing quite well, and it doesn't develop purely with its own funds. Some of the profits can also support it for the time being.
When it can no longer hold on any longer, Google's scale will probably not be what it is today, and Google's valuation will probably not be what it is now.
Most of the valuations given by evaluation agencies are in the range of US$5 billion to US$6 billion. As Yahoo's market share continues to decline, it has successfully achieved Google's growth against the trend. As an unlisted start-up company, it has been affected by
The impact of the Internet bubble was relatively small.
After another year and a half of development, Su Yehao is sure to raise its valuation to between US$9 billion and US$11 billion. It will be in his best interest to choose financing at that time.
The financing money will support Google until it goes public, and there is no need to transfer super high-quality stocks with long-term holding potential at low prices.
Seeing that he was distracted, Mr. Omar subconsciously thought that Su Yehao was seriously considering his proposal, and continued to add:
"Four hundred million dollars is no problem. Yahoo is stepping down from its pedestal. I think Google has great investment potential. I have friends in sovereign funds in Qatar, Kuwait, and Abu Dhabi. Once we get our support, I think
Google will reduce many barriers to development, especially funding..."
I heard this sentence unexpectedly.
The senior partner of Goldman Sachs Group next to him named Jim suddenly felt that he had unexpectedly seized the opportunity to make a fortune.
The senior partners of Goldman Sachs may sound very high-end, but in fact this company is famous for recognizing money rather than people. Whoever has the resources will get the upper hand, and they will be kicked out after squeezing all the human resources.
However, as long as you work as a senior partner for a few years, you can basically earn up to seven figures, and eight figures are not impossible. Therefore, people at Goldman Sachs are still happy to do it, even if they know that they are being taken advantage of by the company.
Try to make more money with the help of Goldman Sachs' platform.
In Jim's eyes, as long as Su Yehao and Omar reach a cooperation, they will almost certainly be able to raise more than one billion U.S. dollars. This funding will pose a serious threat to the industry giant Yahoo, and Google's market value will most likely rise sharply.
This was like pie in the sky, and Jim made the decision on the spot to participate in the financing and get more Google shares.
The free model of Internet companies means that if you want to achieve success, you have to burn money like crazy in exchange for market share, technology, talent, and customers. With the support of a group of sovereign funds from oil-producing countries, Google's certainty of success will be greatly increased, and its valuation will be greatly increased.
If you don't talk much, you can add 500 billion U.S. dollars, and you would be stupid not to invest in it.
Of course, Su Yehao didn't know that Jim was starting to have sweet dreams, so he smiled indifferently and replied:
"Thank you for your support of Google, but it is not short of funds for the time being. Maybe we should reach some other forms of cooperation, such as jointly establishing an asset management company to specialize in investments in the high-tech industry. I don't know about Nasdaq
When will the index hit the bottom? But there are many opportunities in the crisis. I need someone to cooperate with me to win the asset management market in the Middle East."
Mr. Omar himself is helping the company with asset management work. Investing in an asset management company...isn't it considered investment?
In the past, Su Yehao only made small fortunes. Even if he founded a kaomoji group, he still didn't attract much attention.
The one who really became famous was his short selling of the Nasdaq index against the market trend last year. He even took the Kaomoji Group, a listed company, to do the short selling, which was equivalent to making technology stocks bearish on the prospects of the technology industry. With this saucy operation, people were stunned.
Countless people have achieved great success.
In addition, he also used a very short period of time to create the largest asset management group in the mainland on the other side of the Pacific. The news had already spread to the United States. Through these things, Su Yehao successfully established a foothold in the investment community and became famous.
Before, Omar just wanted to cash out Apple stocks and use the money to buy some high-quality assets at the bottom. I want to ask where to invest, but the idea is not mature yet.
Su Yehao's proposal made him quite excited. With Kingdom Holdings' influence in Saudi Arabia, he might be able to build a large-scale asset management company.
If you want to ask what kind of business is low-cost, low-risk, but can obtain high returns, the asset management industry that uses other people's money to invest seems to have a place...