Wang Yaocheng left the grand banquet hall and came to a remote suite. He rubbed the stiff muscles on his face vigorously and cursed incessantly;
"They are all perverts, dirty scoundrels, dirty blood flowing in their bones, a bunch of scum..."
At this time, Mr. Merck, a partner of Goldman Sachs who had not been seen for a long time, walked in with a happy face.
"You can stop complaining, you lucky boy. Netscape has been oversubscribed by 27 times. After careful study by Goldman Sachs, it has decided to increase the issue price to US$28. Let those greedy investors beat their chests and cry.
We have the strength to give them a slap in the face."
"Oh! This is the best news I have heard."
"So, you can pop the champagne to celebrate."
"Hahahaha... no problem."
In the original history;
In 1995, Netscape's initial public offering was a huge success, with an issue price of $14. Until the last moment, due to the huge boost from over-subscription, the issue price doubled to $28.
On the first day of listing, Netscape's stock price soared to $75, creating an astonishing wealth myth.
Today, the inertia of history is still strong.
Although Netscape doubled its stock offering to 100 million shares, it was still enthusiastically pursued by fund managers and was oversubscribed 27 times. This gave Goldman Sachs, an experienced investment banking leader, the opportunity to make huge profits.
Chance.
You know, Goldman Sachs, one of the top major shareholders, holds millions of shares of Netscape, which means huge income.
Fund managers are not brainless. Although the funds raised have doubled, the risks have also been reduced.
In the original history;
Netscape has an extremely powerful opponent, Microsoft's Internet Explorer browser. This is a giant crocodile lurking under the iceberg and must not be underestimated.
In fact, Netscape's Navigator browser died at the hands of the Internet Explorer browser, Microsoft's monopoly on the market, and the killer of 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 of no use. The navigator browser did not survive until the last moment and was dragged until it burped and caught cold.
now
Netscape is alone in seeking defeat. It can monopolize the entire browser market and is open to Netscape with almost no resistance. Microsoft is a strong ally and ranks as the second largest shareholder.
This huge difference between inside and outside should be the real reason why Netscape is more popular.
None of the numerous fund managers is a fool. The United States has the most experienced financial elites in the world. It is sheer fantasy to deceive so many people.
When everyone was beaming with joy, Wang Yaocheng smiled particularly happily. He did something that no one in the world could dare to imagine, and he really hid it from everyone.
February 12, 1993
The eve of the early morning opening of the Nasdaq market
A group of Netscape executives and Mr. Huo Jiaguang's investment team gathered in front of a large, flashing display screen. In the background was the prominent Netscape logo, and they all showed happy smiles.
A bell rang, bright flowers scattered all over the sky, and Netscape was officially listed.
As soon as the market opens
Netscape's opening price of US$28 was exceeded by a huge buy order and instantly rose to US$32. However, the trading volume was sparse, showing that the holding institutions were strongly reluctant to sell.
$33…$34…$35…
20 minutes after the market opened, Netscape's stock price rose straight up like a monkey in the sky. It barely paused at the integer mark and soared all the way!
One hour after the opening
The stock price fluctuated slightly around US$47, then rose sharply again ten minutes later, instantly igniting the frenzied mood of market traders.
As of the close of trading, the turnover rate reached 3.3%, and the stock price stayed steadily at $59, showing that the buying power was quite strong, helping the stock price to soar simultaneously.
In the Empire State Building Hotel
Netscape's senior executives had already held a grand celebration reception. Senior executives from Goldman Sachs, Microsoft, Blackstone Fund, and Sequoia Fund were all present, glowing with red faces to celebrate this huge victory.
Everyone present had gained as much wealth as gold and silver, and naturally they were all smiles.
In particular, Merck, a partner of Goldman Sachs, was unanimously praised by the company and won a lot of praise.
This vote was really well done, especially the final decision to suddenly increase the issue price from US$14.5 to US$28, which was a stroke of genius.
Without a big heart and rich experience in investment bank listing guidance and issuance, I would never dare to make such a major decision easily.
If it fails, Goldman Sachs will be responsible for all the unsubscribed shares of Netscape.
As an investment bank that guides Netscape to go public, if the listing goes unsteadily, for example, if the company falls below the issue price after issuance, it will cause heavy losses and hundreds of millions of dollars will be thrown into the water.
You know, this is based on a bottom-line price of 28 US dollars per share instead of 14.5 US dollars per share, and the funds raised are a total of 1.35 billion US dollars more.
In fact, Merck won the bet and gained huge popularity.
Goldman Sachs benefited greatly. Netscape raised US$840 million, with the original IPO coaching fee of 8% being US$34.8 million. Plus the extra portion was doubled as a reward of US$64.8 million, and the total amount reached US$99.6 million, almost double the amount.
Twice.
In addition to the increased value of Goldman Sachs' original 6 million shares, this time it has made more than 400 million US dollars. How can you not be overjoyed?
Microsoft Vice President Stephen Ballmer smiled so hard that Microsoft made a lot of money this time and was the second biggest winner after company founder Wang Yaocheng.
Microsoft holds 11.7 million shares, and based on the closing market value at noon today, it is already worth US$560 million.
Compared with the initial investment of 140 million US dollars, it made more than 400 million US dollars in just six months. It was an extremely successful investment.
According to the private agreement, Stephen Ballmer is even more confident when he thinks about the 8% stake that he will take over at the five-day average market price. As a senior industry insider, he is very optimistic about the future of Netscape.
Among the happy crowd, only Vice President Cai Linlin was not happy.
Wang Yaocheng is now a popular figure in newspapers and magazines in the financial circles of the United States. News about him is spreading all over the world, and naturally there is no shortage of scandals with female service specialists.
Although she had expected this day for a long time, when it came, Cai Linlin still felt panicked and unable to face it calmly.
Wang Yaocheng walked from the crowd with a smile and greeted Cai Linlin happily: "Hi! Did you have fun?"
"snort!"
Cai Linlin's face suddenly turned cold, and she snorted unhappily. Wang Yaocheng's smile froze on his face, and his eyes gradually became stern, revealing an intimidating light.
"Why...can you show your face to me now?"
Every word he said hit Cai Linlin's heart like a heavy hammer, causing her face to turn pale with shock.
"Ah...no...I was wrong."
"Hmph! Now go back to the suite and reflect on the wall. I won't make a sound and I'm not allowed to come out."
All Cai Linlin's arrogance was instantly shattered. She suppressed the sadness in her heart and responded quickly, lowering her head and leaving quickly.
Watching her leave, Wang Yaocheng felt a little irritable. He walked to the outdoor terrace and let the strong cold wind blow his brain, and he quickly calmed down.
Seriously speaking, Wang Yaocheng has no real love for Cai Linlin, only the possession and use of Chi Guoguo, while Cai Linlin will get the upper class life she wants, and everyone will get what they need.
Once this tacit understanding is broken, the balance will no longer exist, and Wang Yaocheng cannot bear such disobedience.
As for Xia Shuzhen and Wang Yaocheng, it is not true love that Wang Yaocheng can get emotional compensation from her and satisfy his desire to conquer.
The only thing that moved Wang Yaocheng's emotions was the otherworldly, fairy-like Si Wanru, whose pretty face with a charming smile always came to mind.
It's a pity that he left me.
Wang Yaocheng raised his head and took a big sip of Scotch whiskey. The mellow and strong liquor flowed down his throat like a line of fire, carrying a faint earthy fragrance of oak barrels, which made people feel refreshed.
He shook his head and threw away these affectionate things between children.
A real man has ambitions all over the world. As a glorious reborn person, how can he be distracted by the thoughts of his children?
Not to mention that there are no characters in the horoscope, there is no need to go through a thousand melancholy situations here, just meet, fall in love, fall in love, and finally get married, what will happen if you have children?
There are still millions of pairs of laborers and swallows flying apart every year. Is it any wonder?
Tens of millions of marriages between men and women...
Middle way, die!
Are people having a hard time?
Thinking about the huge gains from the company's listing, a proud smile reappeared on Wang Yaocheng's face. A successful man has a strong backbone and sufficient confidence.
Say it loudly, no!
This time, Netscape's successful listing gave Wang Yaocheng an extra US$840 million. After deducting the huge US$99.6 million fee paid to Goldman Sachs for its listing guidance, Wang Yaocheng still had US$740.4 million.
Although strictly speaking, this part of the funds belongs to Netscape, and the major shareholders have no right to occupy it.
In fact, there are n ways for major shareholders to withdraw all their huge funds and use them for other purposes without any trouble at all and without violating the law.
First, Netscape is constructing its corporate headquarters, with an estimated investment of US$110 million. Red Hat can reach a related transaction with Netscape to sell the property rights of the corporate headquarters and other office buildings and land at a high price for US$350 million.
To Netscape.
He switched his left hand to his right hand and put $240 million into his pocket.
Second, purchasing Red Hat's related patents and research results at high prices can have the same effect.
Third, the current bank account funds are exclusively managed. The funds raised by Netscape enter the designated bank, and through bank deposit and loan operations, they may never come back.
Fourth, provide huge guarantees for major shareholders.
Fifth, financing related transactions.
Sixth, borrowing.
Seventh, mergers and acquisitions, large-scale investment.
Eighth, large dividends.
Ninth, complex investment and financial management.
…
Everyone wants 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. There are so many benefits.
Now Wang Yaocheng is going to do this, and he will first hold the benefits in his hands.
Netscape is investing everywhere, looking like it's going big and fast, its business performance is rising sharply, and it's a bustling scene.
If you are not a senior professional, it is difficult to understand the secrets inside.
When the lid was lifted a few years later, the inside was already rotten and empty.