Reborn as a Hong Kong Tycoon

Chapter 670 Listing of two companies (two in one)

"Smith!"

While Phil Smith and Mineryu Iwasaki were chatting, Wade Thomas came over.

"Uncle Thomas."

Wade Thomas and Old Smith are old classmates, and the two sides have cooperated a lot, otherwise Phil Smith would not have introduced Wade Thomas to Lin Baicheng.

"Mr. Iwasaki, I didn't bother you chatting with Smith, did I?"

Wade Thomas raised his glass and gestured to Iwasaki Mineryu. He had met Iwasaki Mineryu twice.

"Of course not."

Iwasaki Mineryu smiled and shook his head.

Wade Thomas nodded and said to Phil Smith, "Smith, let's talk."

"Two chat."

Mineryu Iwasaki said goodbye with a wink, and Wade Thomas obviously had something to say to Phil Smith.

"Uncle Thomas, what's the matter?"

After Iwasaki Mineryu left, Phil Smith asked aloud.

"It's related to New Century Software."

Wade Thomas said: "New Century Software's performance last year was very good, and we think it's time for the company to go public."

"New Century Software only raised funds in August last year, right?"

Phil Smith frowned slightly. It has only been about seven months, and it is too soon to go public now.

"It has nothing to do with the length of time."

After a pause, Wade Thomas decided to reveal something: "We contacted Goldman Sachs and Citigroup, and we all believe that New Century Software's performance will be difficult to maintain, and the company will probably be in a bottleneck in a year or two, so It is necessary to take advantage of the company’s good performance to recommend the company for listing.”

"What does Allen mean?"

Even though he asked this question, Phil Smith had already guessed something. Lin Baicheng probably didn't know about it, otherwise it wouldn't be Goldman Sachs who came to tell him about it.

Wade Thomas said: "We first communicate with the minority shareholders to reach an agreement, and then discuss with Alan. The company's early listing is good for everyone, and the restricted sale period can come earlier, and everyone can cash out earlier."

"really!"

Phil Smith thought to himself, and said in his mouth: "Uncle Thomas, our minority shareholders have joined forces to find Allen, and it looks like they are coercing him. I am friends with him, and I don't want to affect our relationship because of this incident." friendship."

Phil Smith only holds 2% of the shares of New Century Software. Even if the value of New Century Software is 10 billion US dollars, 2% of the shares are only 2000 million US dollars. Although this is a lot of money, it is not worth it. Lin Baicheng's relationship.

"Smith, where are you going? How could we coerce Allen? He is the shareholder with the largest shareholding in the company. We are just discussing with him. If he firmly disagrees with letting New Century Software go public, we can only Let it go, there is no other choice."

Wade Thomas immediately explained that no matter his personal position or Goldman Sachs' position, there would be no hostility with Lin Baicheng over the listing of New Century Software, and there was absolutely no need to go to that step.

For Goldman Sachs, it is of course best to be able to go public early, but if the major shareholder does not want to go public early, but wants to go later, Goldman Sachs is not unacceptable, it is just a little bit more risky.

After all, the future is uncertain, and Goldman Sachs' judgment may not be correct, so there is no need to lose the current big customers for the sake of an uncertain future.

"If that's the case, then fine."

Phil Smith pondered for a moment, then nodded.

Afterwards, the two first went to the place where Sean Dana and Deren Lawrence were located, and Don Valentine of Sequoia Capital was also here. In addition, there were representatives sent by three other fund shareholders. .

It can be said that apart from Lin Baicheng, the largest shareholder and executive shareholder of New Century Software, the rest of the shareholders are here.

After seeing Lin Baicheng finished chatting with someone, everyone walked over.

When they came, Lin Baicheng noticed it, and he couldn't help raising his eyebrows after seeing it. They are all shareholders of New Century Software Company. When they came to find him together, all he could guess was those two things.

One is the listing of New Century Software Company, and the other is the replacement of the company's president.

Isabella is Lin Baicheng's person, but she is young and lacks qualifications. She manages a large company with assets of nearly one billion US dollars. It is normal for Wall Street not to believe her ability and want to change people.

Goldman Sachs and Citigroup both raised this issue when New Century Software raised funds in August last year, but because of Lin Baicheng's insistence, they did not firmly oppose it, and it is not impossible to bring up the old matter now.

"Mr. Valentine!"

Lin Baicheng raised his glass to signal to Don Valentine, among them he has not yet greeted Don Valentine.

"Alan, long time no see."

Don Valentine raised his glass in response with a smile on his face, and took a sip of his wine.

Although Don Valentine is not a shareholder of Galaxy Games, Lin Baicheng also invited his business partners this time. Don Valentine can barely be regarded as one of them. Only by communicating more can everyone get acquainted.

Lin Baicheng looked around at the few people: "You guys came to look for me together, there must be something wrong?"

"Alan, they want to tell you about the launch of New Century Software."

Phil Smith was the first to speak out, and directly picked himself out. Anyway, he didn't want to make trouble with Lin Baicheng because of this incident.

"Is it too early to let the company go public now? Should we wait?"

Lin Baicheng had already guessed something, so he was not too surprised to hear what Phil Smith said.

"It's not too early, Mr. Allen."

Sean Dana immediately said: "Galaxy Game Company also went public two years after its establishment, and if you start preparing for the listing of New Century Software Company now, after the listing is successful, New Century Software will also operate for two years, which is about the same. "

"Alan, from an investment point of view, if New Century Software goes public earlier, you can also reduce your holdings and cash out earlier, and then use the funds for other investments."

Don Valentine also said that Sequoia Capital holds 1.5% of the shares of New Century Software, and now it can reduce its holdings after about a year of preparations for listing, which means that it can cash back its capital in less than two years. Afterwards, under the hype of Wall Street, the stock price can double, and Sequoia Capital's investment can almost get a return of four or five times.

In two years, the return rate of four or five times is already very high.

Not every company is like Google, Facebook, or Microsoft. If you want to obtain a rate of return of hundreds or thousands of times, you must invest in the angel round. Otherwise, it is impossible to obtain such a high return when subsequent financing enters the market.

"You all want New Century Software to go public now?"

Lin Baicheng looked at the crowd. He invited these people to cooperate not only to pay "protection fees" to Wall Street, but also to make some business partners. If everyone agrees, he should be cautious even if he is a major shareholder. Think about it, you can't make friends but have more opponents.

"Alan, you are the largest shareholder of the company, and your opinion is the most important."

Phil Smith said something aloud, expressing that his position was on Lin Baicheng's side.

Deren Lawrence followed closely and said, "Mr. Allen, Citigroup also means the same thing. Of course it would be best if it could be listed earlier, and it's fine if it's later."

"Thank you."

Lin Baicheng toasted to the two of them respectively, and then said: "I will seriously consider the listing of New Century Software. Before I leave the United States this time, I will definitely give you an answer. Please rest assured."

"Mr. Allen, you don't have to worry about it slowly, we at Goldman Sachs respect what you mean."

Sean Denner immediately said, don't be misunderstood as Goldman Sachs taking the lead in persecuting the other party.

"Thank you for your support."

Lin Baicheng said to the shareholders of New Century Software Company: "Please rest assured, since I invite you to cooperate with me, I won't let you suffer. New Century Software will definitely go public, it's just a matter of time. Since Everyone wants to list the company as soon as possible, and I will seriously consider it after I go back, make a comprehensive consideration, and make a decision that is beneficial to everyone and the company.”

Sean Dener said: "Alan, your ability is beyond doubt, and Galaxy Games is the best example."

"Yes." "We all believe in you." "Whether or not New Century Software will go public is ultimately up to you to decide.".
Others also spoke out one after another. As long as their interests are not damaged, they will never offend Lin Baicheng for no reason.

This has nothing to do with offending Lin Baicheng, everyone is out to make money, how could he add opponents to himself for no reason, this kind of person doesn't last long in Wall Street.

Lin Baicheng expressed his gratitude to everyone for their trust and affirmation, but his heart is like a mirror.Now New Century Software's performance is good, and the company's valuation is higher than when it was financing. Of course, these people believe in him, but if the company's performance changes in the next year or two, these people will definitely change their face.

At that time, not only will they not trust him as they do now, but they will even intervene in the company's operations to let the company operate as they imagined, and intrigue will inevitably occur.

Unlike now, institutions such as Goldman Sachs seldom intervene in the operation of New Century Software, not only because Lin Baicheng has absolute control over the company, but also because the company is developing well, and they don't want their meddling to affect the company's development.

"Mr. Dana, Thomas, and Mr. Valentine, just take advantage of this rare opportunity to get together, let's talk."

Lin Baicheng said something to the three of them, then smiled apologetically at the others, and the others also took their leave and left with a sense of humor.

When they left, Lin Baicheng called Catherine over, and asked Catherine to call Logan Rockefeller and Jobs over.

"Alan, what you want to say has something to do with Apple."

After Catherine left, Don Valentine said aloud and called Jobs over. They were also shareholders of Apple. Lin Baicheng obviously wanted to say something related to Apple.

Lin Baicheng nodded: "Yes, it is related to Apple."

A moment later, Catherine came with Jobs and Logan Rockefeller.

"Jobs, tell me."

After Jobs came over, Lin Baicheng said to him.

Jobs first greeted the others, and then said: "Everyone is a shareholder of Apple, so I will say it straight. IBM's products are about to enter the market, and the company's personal computers will usher in the biggest competitor. In the interests of our shareholders, and in order for the company to raise a certain amount of capital to meet the challenge from IBM, we believe that the operation of the company should be listed."

"I personally agree with taking Apple public."

Lin Baicheng followed closely and said something.

"Leave it to Goldman Sachs to take Apple public."

Sean Dener knows the situation of Goldman Sachs, and of course he is happy to see Apple go public soon, and the underwriting of the listing can also earn an underwriting fee along the way.

"I agree."

Sequoia Capital only holds 1% of Apple's shares, which is not much. Seeing that several major shareholders agreed, Don Valentine, as a minority shareholder, would certainly not object.

Logan Rockefeller also agreed to let Apple go public. His assets are not very large. The 4.5% of Apple's shares held by him are currently worth more than 1000 million US dollars, which is not a small amount of money for him.

"The development of the company still needs the support of all shareholders. Only when the company develops well can it go public smoothly and have a better valuation when it goes public."

Jobs was relieved when he saw that no one objected. In fact, it is enough to have the support of Lin Baicheng, a major shareholder. Their management holds more than 40% of the shares, and Lin Baicheng's shares exceed 60%, accounting for more than half.

However, going public is a big deal for a company. If not all major shareholders agree, and if some shareholders make trouble during the listing, not to mention whether it can destroy the company's road to listing, the loss in valuation alone is enough to make people feel heartbroken. up.

"I can only say support as much as possible, but in fact we can do very little." Lin Baicheng sighed with feigned regret.

Others nodded in agreement. IBM is a giant. In this kind of competition with giants, what everyone can do is really limited.The only thing that can be guaranteed is that when IBM uses off-the-board moves, it can mobilize resources to block it and create a competitive environment that is as fair as possible.

"It's nice to be able to help even a little bit."

For Jobs, deciding to let Apple go public is the biggest gain tonight. As long as Apple goes public successfully, withstands the pressure of competition before the sales restriction expires, and operates normally, then the stock price should not break, and he will It is possible to reduce holdings and cash out.

At that time, even if Apple can't compete with IBM in the end, and the development is not satisfactory, Jobs will not get nothing. At least he has cashed out a sum of money, which is enough to guarantee his future affluent life and the opportunity to make a comeback.

Everyone expressed their willingness to help. Apple's listing went smoothly, which is good for everyone. Before their own shares are reduced and cashed out, in order to protect their own interests, they must help as much as they can.

Helping Apple is tantamount to helping yourself.

Of course, helping out depends on how many shares you hold. For example, Sequoia Capital will definitely not make much effort to help. After all, it only holds 1% of the shares, and the proportion is too low.

(End of this chapter)