A group of four Cadillac cars drove into the company and stopped at a three-story office building on the inside. Wang Yaocheng got out of the car under the protection of vigilant bodyguards and immediately went upstairs.
"Chairman, good afternoon."
"Well! Let's do something."
"Hello, Chairman."
"Um!"
Wang Yaocheng came to the third floor and saw deputy general manager Huo Jiaguang coming out with a smile and taking the initiative to say hello;
"Brother Iemitsu, you're fine!"
"Thank you boss, everything goes well at work. I still have some things at hand that I want to report to you. I don't know..."
"Come on, let's talk in the office."
The windows in the chairman's office are clean and clear, without a trace of dust. The female secretary Guo Liyi has already made tea and brought it to her. The documents that need to be approved by the chairman are neatly placed on the desk.
There is even a simple index with a categorized introduction to the documents that need to be reviewed. The words are concise and comprehensive, reflecting the profound secretarial skills and doing the job to the extreme.
Wang Yaocheng and Huo Jiaguang sat down, and the female secretary Guo Liyi whispered in his ear; "Vice President Ms. Cai Linlin was invited to go to the Netscape Navigator browser version 2.0 dealer to discuss cooperation matters. In the evening, we will directly
go home."
"Um!"
Wang Yaocheng nodded slightly to show that he understood, and the female secretary Guo Liyi quietly retreated out and closed the office door.
"Boss, according to your division of labor, I don't have too much involvement in Netscape matters. The main responsibility is Ms. Cai Linlin, the vice president. She does a good job. I think she is a very good business manager.
There are three things to report today.
First thing;
The boss arranged to use half of the funds, about US$150 million, to acquire Nokia shares, and my investment team has started operations.
Because the amount of stocks purchased is relatively large, it will take about two to three months to gradually build a position in order to dilute the cost and hold it for a long time."
Huo Jiaguang opened the folder in his hand and continued;
“Second thing;
Boss agreed to acquire a 25% stake in Pixar Animation. Our 18 million U.S. dollars of funds have been received, legal documents from both parties have been signed, and relevant financial and accounting supervisors have been stationed 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 for its first fully computer-produced animated feature film, "Toy Story," and the number of employees it has hired has soared from 86 to 134. Coupled with the huge expenditure on computer equipment, the funds we invested have been consumed very quickly.
If the current situation continues, the funds will be exhausted by the end of the year at best.
The animated feature film "Toy Story" is expected to take at least more than two years to complete, and Pixar Animation still faces a considerable funding gap."
This consideration is very realistic. Pixar Animation's funding gap is real. If the animated feature film "Toy Story" is not completed and generates continuous income, it 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 Disney channels, the feature film was off the market, and Pixar Animation still faced the serious consequences of bankruptcy and liquidation.
Therefore, Mr. Jobs's decision was a desperate one. He had deep confidence in the animated feature film "Toy Story" and showed the true qualities of a business tycoon.
After Wang Yaocheng heard this, he smiled slightly and said;
“Okay, 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 Steve Jobs, or invest in the animated feature film "Toy Story" to see which option he is willing to accept. It is not possible to just borrow money, this is a great opportunity to show goodwill."
"Boss, if we don't have any equity demands and take the opportunity to take Pixar Animation into our hands, will our interests be harmed?"
"No, the confidence in Pixar animation comes from Mr. Jobs' outstanding ability. This is an opportunity to show good will. In this way, Mr. Jobs will not regard us as greedy crocodiles, and we can become sincere friends."
"I understand, thank you boss for your advice."
Since Wang Yaocheng is willing to pay to be a good person, Huo Jiaguang does not need to interfere.
Rich people have many quirks and different ways of spending money. The key is that they have the capital to waste it.
Wang Yaocheng did not need to explain to his subordinates that his focus was on Jobs.
Once you can be recognized by Steve Jobs, enter his circle of friends.
So when Gang Leader Qiao returned to Apple and encountered differences in business philosophy and encountered difficulties from shareholders, Gang Leader Qiao, who had a strong personality, would naturally think of his friend Wang Yaocheng who had a lot of money.
What was your review of "Dream of Red Mansions" yesterday?
The plot of the story is as thin as a snake's gray line, and the pulse is thousands of miles away.
Damn it!
When we do business, we should also learn from other people's methods. The only way to do business is to make a mistake.
Show weakness first, then show sincerity to gain maximum favorability, boost popularity, boost intimacy, boost friendship, and anything you can to boost, just don't talk about money.
To appear to be inexperienced and unambitious, to be a financial investor who obediently spends money to act as a fake.
In this case, Gang Leader Qiao would only think of Wang Yaocheng and hand over a large amount of valuable equity when something good happened.
Don't do it anyway and offend others.
“The third thing;
Regarding Netscape’s road show starting on January 8, specific itinerary.
According to the plan of the famous investment bank Goldman Sachs, including Chairman and President Wang Yaocheng and senior executives of Netscape, they need to travel to more than 20 cities in the eastern and western United States within three weeks, almost visiting one city every day.
The biggest question here is ~ Do I need to charter a private jet?
If you don't charter a private jet to save costs, then the specific itinerary of the road show will become a nightmare.
For three weeks, a city will be changed every day and up to ten events will be arranged.
During this period, I introduced the development process and bright prospects of Netscape to different hedge fund and mutual fund managers and investment bankers, and answered their strange questions.
Then I carry my suitcase to catch the plane, queue up for airport security, and fly around in the sky. I almost never rest before one o'clock in the morning on any day, and I am always on the road.
This requires strong perseverance and a big heart, as well as enough coffee to refresh yourself. It is really impossible to prepare a few extra bottles of aspirin.”
Before Huo Jiaguang finished the introduction, Wang Yaocheng was already scared. How much would he suffer?
Brother, is it easy to deduct some money from Lao Mi?
Wang Yaocheng waved his hand and asked, "Wait a minute, if we hire a private jet to complete the entire road show, how much will we have to pay?"
Huo Jiaguang already had an answer to this question. He opened the folder, looked at it for a while, and said;
"Based on the quotes from several charter companies and the actual needs of Netscape, the company personnel participating in the road show can be reduced to six people, plus two bankers from Goldman Sachs.
In this way, you only need to charter a Bombardier Learjet 45xr business jet, which can accommodate eight people and easily complete the road show.
If you need an aircraft charter company to apply for all routes, provide a cabin maid, plus logistics and vehicle transportation to the hotel, the ideal quote is US$1.35 million. It belongs to Flamingo Air Charter Company. Their services are professional.
.”
Wang Yaocheng took a breath of air;
Wow...this is a money grab!
"How much does it cost to buy a Bombardier Learjet 45XR business jet?"
"Boss, it costs 13 million U.S. dollars, not including the cost of customized cabin decoration. The range is 3,400 kilometers and the speed is 850 kilometers per hour."
"Xie Te, this is equivalent to 1/10 of the price of buying an airplane. This is really expensive."
"Boss, it is not expensive to buy a private jet in the United States, but it is certainly expensive to rent a private jet, so most wealthy people learn to get their own pilot's licenses and try not to hire professional pilots to fly.
You know, airline pilots are also high-income people, and it would be heartbreaking for the rich to hire them.
Related route planning, logistics and vehicle transfers to hotel services are also expensive.
But then again, they provide supreme VIP service and are worth every penny.”
Wang Yaocheng's face was as troubled as a bitter gourd. This is equivalent to spending a Carrefour supermarket or half a mansion in three weeks. This calculation is really awkward.
The landlord’s family has no surplus food!
"Oh! I'll think about it and talk about it later."
"Boss, you must notify the Flamingo Air Charter Company at least one day in advance. Otherwise, the application for the corresponding route may not be approved."
"Okay, I still have to spend the money, so go ahead and do it."
"Okay, boss."
Watching Huo Jiaguang's leaving figure, Wang Yaocheng's heart was bleeding. With a wave of his hand, more than 20 top-of-the-range S-Class Mercedes-Benz limousines were gone.
No, the wool comes from the sheep.
The original price of US$14 per share must be raised to US$14.50. This must be the case.
According to Goldman Sachs' rich experience in coaching companies to go public, intensive roadshows in a short period of time are very necessary. Going public the day after the roadshow is done while the iron is hot can often achieve the best results.
During the road show, many hedge fund and mutual fund managers and investment bankers will determine varying amounts of purchase intentions based on Netscape's investment prospects.
Based on the issuance price of the new shares of US$14.5, of 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 and the 30% stake is successfully sold, it means that Netscape's road show is successful, and Wang Yaocheng, the founder of Netscape, can earn US$435 million.
Of this, about US$30 million was paid to Goldman Sachs for its listing guidance, and the rest was the net gain, which was about US$400 million.
Wang Yaocheng is basically a rich man who has changed hands. This amount of money paid to Microsoft alone is not enough. Microsoft helped pay the bill of 468 million U.S. dollars for the purchase of eight-inch wafer fab equipment, leaving a shortfall of 68 million U.S. dollars.
In addition to the acquisition of Fujitsu's wafer fab, the balance of the second payment is US$190 million, leaving a shortfall of approximately US$260 million.
Before purchasing Marvel's equity, he had mortgaged 10% of Netscape's equity with Citibank and obtained a loan of US$80 million. The total funding gap reached US$340 million.
Therefore, investing in the electronics and semiconductor industry is a bottomless pit for swallowing gold, and this is just the beginning.
Fortunately, Microsoft is the one who takes the blame, which can alleviate the extreme thirst for funds.
After Netscape's stock is listed, according to the prior agreement:
Wang Yaocheng can sell another 8% of the equity to Microsoft according to the market price through targeted placement, and once again collect a huge sum of about US$200 million to fill the funding gap.
In addition, the US$150 million in reserve funds held in hand have not all been invested in Nokia shares, which can ensure that the company's capital chain will not be broken and remain within a healthy range.
But this way
Wang Yaocheng's shareholding in Netscape has dropped to 34%, which is a very dangerous level and is not enough to ensure that he has full control of the company.
Among them, 10% of the equity was mortgaged to Citibank, and Microsoft's shareholding increased to 19.7%, giving Microsoft, which has always been cautious, an opportunity to take advantage of it.
Chance……
Whether Wang Yaocheng gave it to him or not, it depends on whether Microsoft can grasp it.
After being listed on the Nasdaq market, these investors or the investment banks that participated in the first round of IPO will choose to sell some stocks and cash out transactions on the market, which completes the entire listing process of Netscape.
If you are optimistic about the bright future of Netscape, investment funds may be reluctant to sell, causing the stock price to rise steadily, leading to a situation of people rushing to chase the increase.
So can a company go public without going through a road show?
The answer is no.
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 you are making money in other people's markets, this is also a process of sharing the cake. You cannot avoid doing small tricks and setting up many offshore companies for cross-shareholding.
Once found out, they will be permanently banned from the market and will be fined until they vomit blood. No founder with any sense would do this.