America's Road to Wealth

Chapter 279 Little Rabbit Obediently Get Away
"Already subscribed for $325 billion?"

120 Broadway, New York City.Four World Financial Center Tower in Manhattan.

Inside the 34-story Merrill Lynch headquarters.

CEO, David Komansky, heard the news Charlie brought back.

The CEO, who was almost ostracized by the black president, couldn't believe it.

Charlie Schaff nodded and confirmed: "There is nothing wrong with the $325 billion. When David Mellon announced it, most executives from major Wall Street companies were present. He should not have lied in front of so many people."

After hearing this, David Komansky still couldn't believe it.

That's $500 billion, a single private equity fund of $500 billion!
Now it hasn't even been announced to the outside world, it's just an internal subscription, is it already so exaggerated?
Look at David Komanski still not quite convinced.

Charlie Schaff added yet another tip.

“伯克希尔·哈撒韦认购了50亿美元。PNC金融服务集团也认购了50亿美元。花旗银行是20亿美元，富达公司也是20亿，富国银行一样是20亿。”

"Just these five companies, they subscribed to a private placement of $160 billion. Initial letters of intent were signed."

"So I think the data should be true," said Charlie Schaff.

Hearing the names of these companies, David Komansky had to agree with this matter.

The CEO of Merrill Lynch said:

"Charlie, you contact David Mellon immediately and say that Merrill Lynch is willing to subscribe for five...billion dollars."

"Understood." The soldiers were swift, and Charlie Schaff directly called David Mellon on the spot.

The phone has been unable to get through, and has been in a busy state.

After playing for almost ten minutes, Charlie played several times.

Finally got through to David's phone.

"Hello, David. I'm Charlie, Charlie Schaff."

"Yes. I want to ask about the seventh private placement of Smith Capital."

"What? Only $120 billion left?"

Charlie Schaff said in surprise, while looking at David Komansky.

The CEO naturally understood that Charlie Schaff was referring to Smith Seventh Private Equity.

Only $120 billion is left in the amount that has already been subscribed.

An hour ago, the figure was 175 billion.

In one hour, the reduction is 55 billion US dollars.

David Komansky is also a decisive man.

Otherwise, when O'Neill was brought down, the black president would not have been brought to court immediately.

David Komansky immediately said softly:
"Subscribe, subscribe, subscribe. A billion dollars. No, tell him Merrill Lynch wants $15 billion."

Charlie Schaff clutched his phone, "Sir, are you sure it's 15 billion?"

"Definitely sure." David Komansky said decisively.

Only then did Charlie Schaff relay to David Merrill Lynch's subscription intention.

Then when it was three o'clock in the afternoon, only four hours had passed.

Charlie Scharf and David Komansky got the message.

That is the private equity fund recruited by Smith Capital.

Before it was officially announced to the outside world, it had already been divided up by Wall Street giants.

In other words, those investors before.

Except Wall Street and certain financial institutions.

Ordinary millionaires like Baron Hilton and Ted Lerner.

They haven't had time to hear the news, and they haven't even started, the subscription intention has already exceeded 500 billion US dollars.

After hearing the news, both David Komansky and Charlie Schaff felt a little relieved.

"It's so popular." David Komansky said helplessly:
"It seems that Wall Street's confidence in Abel Smith can be said to be very sufficient."

Charlie Schaff nodded too.

But as a consultant, it is also to clarify one's own relationship and responsibility.

Charlie Schaff said softly:
"Mr. Komansky, is there a possibility. That is, Smith Capital is deliberately creating the illusion that their private placement is popular?"

"Because you know. Berkshire Hathaway and PNC Group have both approved Smith's offer and are both shareholders of Smith Capital."

"Wells Fargo and Citigroup have always been good partners of Smith Capital. There is only one company, Fidelity, which has nothing to do with Smith Capital. However, there are also rumors on Wall Street that Peter Lynch, the retired former vice chairman of Fidelity, admires Abel Smith very much."

"You say... is there such a possibility?"

In fact, David Komansky has also considered the issue Charlie mentioned.

There are too many intrigues on Wall Street.

Smith Capital deliberately created false appearances to attract investors' investment, and it is not impossible to create a situation where supply exceeds demand.

But David Komanski thinks that's unlikely.

the reason is simple.

Smith Capital's first three private placements were in short supply.

The funds of those three private placements add up to 90 billion US dollars.

In the case that the previous three times have achieved great success and investors have made huge profits.

Smith Capital's seventh private placement, doubling or more from $90 billion.

Not too much pressure.

In this way, at least half of the $500 billion private placement can be achieved.

At this time, if there are any large institutions that are tempted to bet that Abe Smith can continue to be successful.

That could easily lead to the current snatching situation.

Under the crowd scrambling, plus it was only a subscription, the money has not been transferred yet.

There is still room for regret.

That Smith Capital's $500 billion quota.

In the absence of an announcement, the possibility of being sold out for half a day is very high.

This is like pre-ordering certain new mobile phone products on Internet e-commerce in later generations.

No money, or very little deposit.The number of orders will be far more than the number of people who actually buy the phone.

If something happens to Smith Capital in the middle, the subscription quota will be US$500 billion.

David Komansky felt that it was not so easy to accomplish.

But whatever it is, David Komansky also decided to take the pit first.

Anyway, the formal signing of the contract and the transfer of funds can be observed later, and the transfer can be made after the safety is confirmed.

If you don't invest in the future, you will only lose some intention money at most, a few million dollars at most.

In fact, most Wall Street institutions do this.

So don't look at Smith Capital, this exaggerated astronomical single private placement was completed so quickly.

It and Abe Smith can't really make it.

It also depends on the follow-up funds arriving and the formal signing.

Meanwhile, miles away from Merrill Lynch headquarters.

The LIC area of ​​Queens, across the East River from Manhattan Island.

Smith Capital,
Smith Building.

In the office on the fourth floor.

David Mellon also conveyed to Abel that the US$500 billion private placement has been fully subscribed.

Abel's view on this is actually the same as that of David Komansky.

Abel also knew that this kind of subscription intention was false before the money was credited to the account.

Therefore, Smith Capital's approach is also very realistic, that is, like other private equity, continue to recruit external investors.

In many cases, the subscription intention and subscription quota can often exceed the actual private placement quota.

For example, a private placement with a quota of one billion US dollars.In the case of relatively good fund managers and management companies.

If investors agree, subscription intentions often exceed one billion US dollars, and some even double or triple.

Thinking of this, Abel said:

"Let's announce our plan to recruit investors. The seventh private placement of Smith Capital is officially established. At the same time, tell investors that first come, first served. This time is the same as the previous three times. We only need 500 billion US dollars."

"Understood." David's reply was simple and quick.

The CEO of Smith Capital can be said to be the person who trusts the investment ability of the chairman of his company the most in the entire Wall Street.

In this regard, the afternoon of June 2001, 6.

Smith Capital, already known as the sixth largest investment bank on Wall Street, announced the company's seventh private placement plan.

The private placement amount is 500 billion US dollars.

The head of the fund manager is Abel Smith.

The management team includes CEO David Mellon,

The two presidents, Jed and Merio,

And a dozen other elites from Smith Capital.

The minimum subscription amount for a single person is US$100 million, and there is no upper limit.

First-come, first-served, whoever gets the funds first, and whoever signs the contract first will own it.

At the same time, Smith Capital, through the "American Sun" and "Wall Street Journal", as well as the TV station AMC Cable, announced the names of dozens of Wall Street institutions that have subscribed and signed letters of intent.

Open this list, rich people all over America.

They will find that any one of the names on it is a Wall Street giant or an American financial giant——

Berkshire Hathaway, PNC Financial Services Group, Citibank, Fidelity Investments, Wells Fargo, Goldman Sachs, Lehman Brothers, JPMorgan Chase, Morgan Stanley
That night, Abel was with Ikana.

Ikana's father's phone call came to Ikana.

Ikana answered, and after listening for a few minutes, she reluctantly handed the phone to her boyfriend next to her.

"My dad is looking for you. He wants to invest in the seventh private placement of Smith Capital, and he blames me for not notifying him earlier."

"Oh my god! I never cared about your business affairs. It's not that he doesn't know. His blaming this time makes me very unhappy!"

Ikana complains to Abel about her father.

Abel smiled and said, "Are you really unhappy? Then let me help you get revenge on him. If I reject his investment, it's considered revenge on him, right?"

Ikana was speechless, and then said coquettishly: "If it's like that, my father probably won't let me go back to the Ted Lena Building in the future!"

"Haha~"

Abel laughed, hugged Ikana, and pecked her on the mouth.

Then she took her cell phone and chatted with Ted Lerner.

As soon as he spoke, Abel interrupted Ted Lerner's intention to understand the private equity fund.

Abel spoke first:

"Hey, dear Ted. How's your chat with Michael Jackson going? I read the latest news. In two days, Michael will go to court again with Sony."

"I've been to him. He's hesitating." Ted Lerner said, "Leave that aside"

"Let's talk about this first." Abel said with a smile:
"That's MJ. God knows how much I want to get him into my company. Then I can tell people later that I'm MJ's boss. Don't you think that's cool?"

Ted Lerner had no choice but to say softly:

"It's really cool. But Abe, that's the way Michael is. He looks very gentle, but God can't change his mind about things he decides."

After saying these words, Ted Lerner probably also knew that Abel was torturing himself like this on purpose.

Ted Lerner did not give Abel this chance, "But don't worry, I will continue to talk to him. This is a later matter. But Abel, I think we should talk about private equity."

"A billion dollars."

Abel said directly:
"I will give you a quota of 1.5 million U.S. dollars. You only need to take out 1.3 million U.S. dollars. I will make up the remaining 2000 million U.S. dollars."

"So... what's the price?"

Ted Lerner hesitated.

Wall Street or New York is saying that Abe Smith is very generous and his money is easy to take.

But if you take his money, you have to make a show, otherwise
"The price is that in the future, Ikana and I, no matter what happens, you don't care. You can't talk nonsense in the media."

Ted Lerner got it.
Abel is paying himself a hush money, which is as high as $2000 million.

At this time, Ted Lerner didn't know that his daughter had been pregnant by someone.

Ted Lerner was smart enough to guess that Abel must have a reason for doing what he did.

The $2000 million is definitely not that easy to get.

But...what's the matter with him Ted Lerner?

D. Ikana Lerner is Ikana.

D. Ted Lerner is Ted.

If you just ignore the matter between Abel and Ikana, you can get 2000 million US dollars for nothing.

Ted Lerner wouldn't say no.

"I agreed. But I don't have 1.3 million US dollars in cash yet. I don't need so many quotas. Can I give these quotas to other people?"

"Of course no problem." Abel smiled.

"That's OK. By the way, Abel, I heard that the closure period is two years?"

"Yes."

Smith Capital's first, second and third, the closing period of the three private placements is only 180 days.

This is an impossibly short period of closure.

For the seventh phase of the private placement, the closure period was increased by Abel, and the closure period is two years.

Investors can understand.After all, the amount of private placement this time is as high as 500 billion US dollars.

Private equity management of US$30 billion and US$500 billion still has difficulty in making profits, which is obviously not the same.

In fact, the two-year closure period is already terribly short.

The normal ones are five years, ten years, 15 years.

Exaggerated, 20 years, 25 years, 30 years.

A two-year closed period, such a large amount of private equity.

If it were managed by someone else, Wall Street would never believe it.

Now change to Abel, with the foreshadowing of the previous 180-day closure period.

Wall Street, including other investors, has a feeling of recognition for this.

Of course, these are just simple expressions.

When the time comes to sign the contract.There will be a large number of cumbersome and detailed terms after the decimal point 0.00001.

There are so many companies like PricewaterhouseCoopers and others that live on accounting and financial calculations and financial laws on Wall Street.

Among these companies, there are already four that can become the top ten private companies in the United States.

This proves that legal traps and contracts relying on legal loopholes cannot exist when both parties on Wall Street do not lack this part of the money.

The signing of the contract proves that both parties are satisfied with it.

This is also the significance of the existence of accounting and actuarial companies such as PricewaterhouseCoopers, and they are also the backbone of Wall Street.

Hang up Ted Lerner.

Abel handed the phone back to Ikana and held her in his arms.

"How about it. Have you thought about it?" Abel asked her with a smile, "Where do you want to raise a baby? I don't think New York is suitable for raising a baby. Compared with New York, Los Angeles is better."

Abel asked the question after Ikana called him that day.

He was back here at 63 East 8rd Street on the Upper East Side of Manhattan, with a question for Ikana to consider.

That's where she wants to raise her baby.

Ordinary people's wives are pregnant, there is no such condition.Of course, where the home is, or where the husband works, the child is raised there.

The wives of the rich are pregnant, so naturally they don't have to be confined to one place like ordinary people.

There are too many places to choose from, and there are too many places in this world where money is paradise.

This is what Ikana has been thinking about for the past few days.

"Paris and I have researched a lot of places." Ikana said enthusiastically, and as she spoke, she found that Abel's hands were where they should go.

This made Ikana couldn't help but stop, and grabbed his hands coquettishly, "I'm already pregnant!"

Abel spoke boldly and righteously: "Pregnancy is pregnancy. Which doctor said that after you are pregnant, I can't touch you? I didn't go any further!"

Ikana thought about it, and could only endure the strange feeling, and said in a low voice:
"Then take it easy. I think they start to swell after pregnancy."

"How could it be so fast? It's only been a few days?" Abel didn't believe it.

This time it was Ikana's turn to be confident, "The doctor said. After pregnancy, the body's hormone changes will be obvious. It started on the first day, and it will become more obvious day by day."

"Okay." Abel resentfully said, "Then I'll be lighter from now on."

Ikana also knew that it was impossible for him to let her go.

In fact, the more he likes it, the happier Ikana is.

This is her attraction, the attraction to him!

"Come on. Remember to be gentle." Ikana relaxed her body and let her boyfriend
While hugging, the two chatted about the place to raise the baby.

Just then, Paris came down.

The eldest lady of Hilton has long turned a blind eye to this scene.

Paris walked up to the two and sat down, watching Abel's big hands move.

"Is it that easy to touch?"

Paris finally couldn't help asking.

The sound is very light.

Both Ikana and Abel heard it.

Both of them turned their attention to Paris.

(End of this chapter)