Reborn in Hong Kong: The Tycoon Grows Up

Vol 2 Chapter 1516: crazy valuation

In fact, Bao Zixuan just wanted to make more friends, and he spent 200,000 dollars; he won the support and advocacy of Paul Allen, no matter how he did it. The wealth of the other party and the super brain are one aspect; the most important thing is that it will enter Hollywood in the future, so it is better to arrange it in advance. In addition, he rarely comes to the United States and does not participate in any management matters of Microsoft. Although Paul Allen is not involved in Microsoft management, as a major shareholder and a director of the company, he will inevitably pay attention.

So once Microsoft has any troubles, it will definitely talk to itself for the first time. Even if you don't talk about it, but with the character of the other party, you will never fall into the trap. And when the time comes, let Paul Allen help Fuzaira on the platform, and he will never refuse. As long as you can do this, you won't be at a loss.

After lunch, it is time to negotiate with the underwriters. However, no one else has to participate in this matter, Bao Zixuan and Steve Ballmer will attend. For this, Bill Gates can be quite assured; at least these two people are definitely stronger than him in the negotiation.

Although the family has some strength, it is still a lot worse than the Wall Street financial giants. Since you cannot suppress people with power, you must rely on real skills. In this respect, Bao Zixuan and Ballmer are indeed much better than him, so why bother yourself!

The listing of stocks in the computer field is basically monopolized by Goldman Sachs and Morgan Stanley on Wall Street. It seems that without these two, no one can handle it, and this time is no exception.

Seeing Bao Zixuan coming in person, the two of them knew it was bad. The last time Apple went public, Bao Zixuan didn't participate in the whole process, but he just missed one side during the final celebration. What do you mean this time, do you want to end the negotiation in person?

In fact, Apple, Steve Jobs is very stubborn. I feel that I am strong in everything, so the listing matters are handled by myself. Not to mention a loss, but it can't be said to take advantage of it. However, being able to start from a garage and become a billionaire in just a few years is a miracle, and no one will blame him at present.

Goldman Sachs and Morgan Stanley are still acquaintances, so there is still a lot of trouble left, at least the introduction of each other can be cancelled.

Bruce Bowers has now become the president of Goldman Sachs Group, and he is definitely a leader on Wall Street. But in front of Bao Zixuan, there really is no advantage at all. As for Morgan Stanley's William Morgan, he does belong to the Morgan family; but Bao's richest man is not even afraid of old Morgan Bao Zixuan, let alone him.

The two exchanged glances, knowing that things are not that simple. After all, Bao Zixuan came forward in person. If he could not satisfy the other party, he would probably be able to take all the issued shares. Microsoft looks at a lot of market value, but that's only relative. In front of the Black Cloud Group, it is really nothing.

Bruce-Bowles said with a smile: "Mr. Bao, long time no see. Don't say anything in advance when you come to New York, so that we can show the friendship of the landlords."

Hearing that the other party was talking to Bao Zixuan so politely, and thinking of the tone he was speaking to him before, was a world of difference. Maybe this is the gap; a huge gap in status, status, wealth.

Bao Zixuan said with a smile: "Mr. Powers is joking. I only came here yesterday, and I haven't had time to visit. I didn't expect to meet here. It seems like a fate."

The two sides were talking politely, after all, the relationship was not that familiar yet; visiting and enjoying the friendship of the landlords can be said to be very false.

After a brief exchange, let's get to the point. After all, they are busy people, so there is no need to waste time here.

Bao Zixuan said with a smile: "I didn't participate in the IPO process before, but I'm not very satisfied with the valuations the two companies gave Microsoft. If it's just such a valuation, I don't need the two of you to come out; I will do it myself. You can pay to buy all the stocks.”

Hearing this, the two looked at each other again; what they were worried about still happened.

As an underwriter, of course, I hope to try to pressure the stock price as much as possible. When they go public like this, they will make more money after the stock has risen sharply. However, once the valuation is too high, the profit margin will be limited, which is not in the interests of the underwriters. But everything has to have a degree, and both sides need to be able to balance.

That is to say, find a moderate price that is acceptable to both parties. After all, the underwriters won't be busy working in vain, and they can't just earn fees; then no one will work hard for you.

At present, Microsoft's total share capital is 150 million shares, of which 30 million shares; that is, 20%, will be listed for circulation. The previously agreed price was $10 per share, which would value Microsoft at $1.5 billion. This price is definitely not low, after all, there are not many people in Microsoft at present.

At this price, Bill Gates, Paul Allen, and Steve Ballmer would instantly become billionaires; Charles Simeone would become a multimillionaire. It can be said that they will definitely be very satisfied at this time.

But Bao Zixuan didn't think so. He didn't want to be cheap on Wall Street. At the same time, we are also concerned with our personal interests, so we cannot back down.

But asking him to increase his holdings in Microsoft is not enough. After all, it already owns 22% of Microsoft's shares and is the veritable third largest shareholder; if there are more, it is estimated that Bill Gates will definitely have an opinion.

William Morgan said with a smile: "We all know Mr. Bao's strength. And with your addition, Microsoft's stock price will naturally rise. But we have to start from reality, after all, Microsoft does not have its own core technology yet. . If the black cloud software is listed, then it is multiplied by 10, and we can accept it.”

Hearing this, Steve Ballmer was a little unhappy, is there really such a big gap. But think about it; Wall Street is a group of vampires, and they will not deliberately raise the stock price because of who they are; everything is based on interests. That is to say, the black cloud software alone is much stronger than Microsoft. No wonder it is said that Bao Zixuan is the richest competitor in the world. It seems that he does have that strength.

Perhaps seeing that Steve Ballmer was a little unhappy, Bao Zixuan said directly: "Now we are talking about Microsoft, don't get involved in other things."

Then a gesture, and Steve Ballmer immediately understood what it meant. Directly take out the file to buy out the black cloud software, which is a huge markup.

Although the two are engaged in the financial industry, as the underwriters of companies in the computer field, of course they understand what this document represents. Before, I felt that Microsoft did not have its own core technology, but once it broke up with Heiyun Group, it would inevitably decline in the end, so there is a great risk here.

But with this document, all fears become non-existent. Microsoft can make any improvements and upgrades in software technology, and the legal issues have been resolved.

Although there are still competitors, Heiyun Group is a closed-loop system and is only used internally. That is to say, only the Microsoft system on the market can be loaded on other computers.

Bruce-Bowles said with a smile: "I didn't expect that Mr. Bao's support for Microsoft really spared no effort. With this document, Microsoft's valuation can go up by 30%."

Hearing this, Steve Ballmer was even more uneasy. Because he is a more impulsive person, not to mention when he is still young. Why did it suddenly rise by 30%? I really need to learn from others.

Bao Zixuan said with a smile: "Everyone is a businessman, there are still many opportunities for cooperation in the future."

"Don't 30%, just double the price. If necessary, Blackstone can mobilize funds and raise the stock price. For Microsoft, $3 billion is just the beginning, and it will not be difficult to exceed $100 billion in the future."

Hearing that Bao Zixuan directly doubled the stock price, the three people next to him felt incredible. However, as the other party, you must be responsible for what you say.

The two exchanged glances, and William Morgan said with a smile, "Just as Mr. Bao said, the issue price is set at $20 per share."

They know Bao Zixuan's character very well. If they don't agree, they may mobilize funds by themselves and raise the stock price. So whether it is Morgan Stanley or Goldman Sachs, is there any face on Wall Street?

People asked you to be an underwriter, and now they still need to spend their own money to raise the stock price. How can there be such a truth in the world, I will just do it myself in the future.

Therefore, this is no longer an ordinary business issue, but a proof of the credibility and strength of the two companies. Now they can only follow Bao Zixuan's request, who makes the investors much stronger than their underwriters. In the face of absolute strength, it is not ashamed to compromise occasionally.

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