novelslam Chapter 1170 There is no fresh hunting under the sun (4K)
Chapter 1170 There is no fresh hunting under the sun (4K)
The days of waiting for the directors of Bingxin in Shanghai were tormented.
But Yasen, who fell into the sea once, no longer has the leisure time to relax. One is that there have been changes on Deutsche Bank, and the other is...he flopped in the sea and visited his colleagues who were fishing together afterwards, but he didn’t see the other two ice cores. Director's cry for help.
Yasen didn't know why he cared about this, he just felt that Bing Xin was ruthless, and Bing Xin's directors were also ruthless.
He asked for a meeting with Yi Ke's president's office halfway, but was rejected on the phone. The secretary of President Fang was very direct.
"We are not in a hurry to wait for money to develop, why are you in a hurry?"
Yasen can only sigh, it's all passed down here.
On October 10, things ushered in a change.
Fang Zhuo spoke directly with the German side and verbally promised the follow-up investment of Ice Core in the German factory, and then received a call from Deutsche Bank, agreeing in principle to conduct the last round of financing for Ice Core before going public, and the specific affairs are still left to the Chats with Chelsea.
Deutsche Bank turned around, and Fang Zhuo immediately received a call from the current CEO of Goldman Sachs, Lauder. The content of the call was not so much about financing, but about their relationship.
Goldman Sachs has many businesses in China, one of which is the listing business.
This is what Fang Zhuo targeted.
He is quite clear about some aspects of Goldman Sachs. Goldman Sachs does not want to earn listing commissions at certain times. Get a discount on the return of investment income on the first day.
Listing commissions are only in the tens of millions of dollars, and the low issue price caused the first-day stock price to soar higher than the former. The rebates of 3% and 5% are huge profit-driven, and the unit is [-] million.
Fang Zhuo heard some gossip from the gasoline man. Some distribution customers complained about Goldman Sachs' high rebates. After taking stock of transactions in certain months, most of them were handed over to Goldman Sachs, but they could only bear it silently, worrying about losing their distribution seats. .
Of course, Goldman Sachs is not the only one doing this. This is a trick for investment banks to grab profits.
Goldman Sachs does not do this to every listed client, but the ups and downs of Yike Department in China still makes Goldman Sachs hate it.
Since you hate it deeply, then...
However, the Yike Department also has obvious connections in the United States, which really makes it hard to say anything.
Then...just pay.
If things go on like this, the potential loss of this business will exceed Bingxin's expectation of cutting the flesh. It is better to end it earlier. Besides, this is not cutting flesh for others, it is cutting flesh for the man who has been the richest man in the world!
The phone call between Fang Zhuo and Goldman Sachs CEO Lauder only had two sentences at the end.
Lauder sincerely wishes that Bingxin will achieve better results and be listed as soon as possible.
Fang Zhuo thanked Lauder for his sincerity, and temporarily forgave Goldman Sachs from his heart.
In this way, only DCM is left.
Fang Zhuo didn't have a good communication channel with DCM for a while, so he thought about it and left it to a professional person. Deutsche Bank and Goldman Sachs are very professional.
On October 10, Hang Lung 25 held another board meeting.
This time, Fang Zhuo did not show up, and was replaced by Tao Xinglei, Yike's investment director.
There are five people in a conference room, four of them are in a group.
Tao Xinglei felt that what he received was really a man-machine game, and he didn't know how to lose if he lost.
On behalf of the boss and Bingxin, he once again used the data of well-known organizations such as IDC as a reference to make industry predictions for the prosperity of consumer electronics today.
In the next five years, the entire semiconductor industry will have at least a compound annual growth rate of more than 4%.
And Bingxin is confident that its revenue will double or even exceed in the next five years.
Of course, confidence is confidence. Faced with DCM Denton's "performance betting", Tao Xinglei flatly refused.
"Mr. Denton, it's not that I don't have confidence, it's that I can't be the master." Tao Xinglei was very embarrassed.
"Then what can you do?" Denton asked.
"I can only be the one who accepts your financing." Tao Xinglei said sincerely, "Even if the other party always comes over, he can't bet against each other. His attitude will only be more determined than mine."
Denton was furious.
Yasen from Goldman Sachs was even more angry: "You guys are talking nonsense. How can Bingxin double its revenue in the next five years? You estimate that it will break through 30 billion US dollars this year! In the next four to five years, you can achieve 60 billion US dollars. , 70 billion? Doesn’t this mean that it can support a market value of more than 200 billion U.S. dollars? Nonsense! Nonsense!”
Cheers of Deutsche Bank refused to let Yasen specialize in beauty, and was also angry: "The semiconductor industry has just recovered, where can we get a 4% compound annual growth rate?"
This is to predict the market trend of the global semiconductor market. In terms of the world this year, it is expected to exceed 10 billion U.S. dollars for the whole year when October is about to end.
According to the compound growth rate of 4%, the fifth year is 3510 billion US dollars, which is quite a lot.
Tao Xinglei said seriously: "Mr. Cheers and Mr. Yasen, these are all estimates based on existing data. I am definitely not talking about them casually. Any data I mentioned is serious. Also, the ice core The revenue growth is still calculated in a conservative way.”
He took out the document and sent it to Chelsea and Yasen who raised doubts.
Yasen and Cheers took DCM's Denton together to study the internal prediction and estimation of ice cores based on IDC's professional data.
Don't say it, don't say it, hey, the data of other people's ice cores seem to be quite rigorous.
If so, not to mention the valuation of 180 billion, both 300 billion US dollars can be achieved.
Intermission of the meeting.
Yasen of Goldman Sachs did not immediately draw a conclusion, but called professionals from three institutions to analyze the data model, users, and revenue growth, in order to let Denton of DCM see if the data was true.
The intermission is longer.
Because IDC has been acquired, Goldman Sachs took its own data to confirm.
Facts have proved that the world's fourth largest wafer foundry company is a responsible, daring, and promising company. It is not just talking nonsense, it is really accomplished in industry data.
Yasen should be angry when he should be angry, and he should be boastful.
"What the hell, I'm convinced by throwing data at least like always throwing face." Yasen looked at Denton and expressed emotion.
Denton thought about it. Goldman Sachs and Deutsche Bank are indeed more professional in this area than DCM, and they have more information and data sources.
He thought about it carefully, and reminded: "This valuation is still too high. You must know that Bingxin's Huaxia attribute is not a small hidden danger. The impact of this risk on its business and market value must be faced squarely."
"That's true, but there is a saying in Huaxia called the lesser of two evils." Cheers of Deutsche Bank frowned deeply, "If Bingxin's future revenue can continue to grow smoothly, the demand for external funds will increase. If it gets lower and lower, Fang Zhuo really won’t let it go public, then there is a risk that our shares will shrink further.”
He thought about it again and said, "Denton, tell me, can this ice core revenue grow?"
Chels throws Denton a straightforward question.
There is a very simple answer to this question.
The recovery of the global industry, backed by the Eastern market, Yike is actively driving, and the R&D team is stable. Under such circumstances, can the ice core revenue increase?
"Bingxin's revenue will definitely increase." Denton said with a smile, "Now it's a matter of high valuation and financing amount."
Chelsea and Yasen glanced at each other. There are indeed still problems, let's come one by one.
After a break to verify the data, the directors of Ice Core reconvened.
"Three, Bingxin is willing to promote everyone's cooperation with sincerity." Tao Xinglei's attitude is not as tough as the boss, "I believe that you have also carefully compared the data, and Bingxin's prospects are definitely worth looking forward to."
There was some silence in the meeting room.
Xiong Xiaoge, head of IDG, said: "Of course I believe in Bingxin. No matter what they do, IDG will subscribe for 1 million U.S. dollars is no problem."
Yasen from Goldman Sachs couldn't help but sneer: "All the subscriptions have come out, as expected of Mr. Xiong!"
Xiong Xiaoge retorted: "What? Can't you hear the truth? If you leave and don't leave, sign and don't sign, don't you just don't want to subscribe? This is the reality, and you still don't recognize it?"
Although Yasen has some tacit understanding now, he was still irritated by Xiong Xiaoge's tone, stood up and reprimanded: "Put aside whether to pay or not, what is your air? What is your air about your surname Xiong? You are a fucking dog dog……"
DCM Denton, who is still better in Chinese, made up the reprimand: "The dog fights the power of others!"
Xiong Xiaoge smiled contemptuously: "Why did Goldman Sachs stutter? It's no wonder that it can be done."
Yasen grabbed the ashtray at hand and threw it at it.
Xiong Xiaoge had rich experience, was vigilant, and successfully evaded.
DCM's Denton saw the situation at this point, and the anger accumulated in his heart exploded, and he got up and ran after Xiong Xiaoge.
Yasen didn't expect Denton to be so interesting, he was taken aback for a moment, then exchanged glances with Cheers, and went over to help slowly.
There are real fights and fake tearing.
Tao Xinglei was a little at a loss. He never expected that the conflict between these people had reached this point. Is Mr. Xiong so hated?
He hesitated for a moment, first called people outside to stop the teams of the three organizations, and then asked people to come in to fight.
By the time everyone had to calm down, the meeting room was already in a mess.
Fortunately, there are quite a few meeting rooms in Hang Lung 23. After the intermission, the four people who sat back again became the original elites.
"If you want to pay, you can pay, and if you don't, get out early, and we'll see who regrets it in the end!" Xiong Xiaoge became even tougher after being beaten.
"You didn't get enough just now." Goldman Sachs' Yasen mocked.
Xiong Xiaoge squinted at the vice president: "That's better than jumping into the sea like you stuttering."
Yasen resisted the urge to riot again, only sneered and didn't speak.
"Cough." Tao Xinglei expressed his presence, "Well, I called Mr. Fang just now."
The attention of the four people was withdrawn.
"He has confidence in the ice core and thinks that the valuation is no problem. This is the unchangeable bottom line." Tao Xinglei said seriously.
All four of them frowned, and DCM's Denton frowned even deeper.
"However, considering that everyone has been in China for half a month, and considering the different situations of each company, IDG can increase the financing amount appropriately." Tao Xinglei relayed the boss's words, "IDG can subscribe for 2 million US dollars."
Xiong Xiaoge stood up in a "bass": "I'll call Boss Fang!"
Tao Xinglei nodded silently.
Xiong Xiaoge went out to other offices to smoke.
Tao Xinglei looked at the organization trio again, and continued: "If there is still no agreement, then you don't need to waste any more time, just wait for Bingxin's further planning."
DCM's Denton pressed, "What do you mean?"
"The meaning is already very clear." Although Tao Xinglei said so, he further explained the meaning, "If you are still unwilling to make such a concession, then you will not come to Hang Lung after tomorrow, and the security guards will not let you in. , you can wait wherever you want.”
The agency trio looked at each other.
Chelsea got up and said, "I'm going to call Frankfurt."
Yasen also got up and said, "I'll call Lauder too."
Both of them left the conference room.
Tao Xinglei asked curiously, "Mr. Denton, don't you need to communicate with the American side?"
Denton frowned and shook his head. He was solely responsible for this matter.
From October 10th to Luzhou, it is now the 8th. During the 25 days, I only briefly met Mr. Fang twice, and the naked eye can see that his attitude is tough.
Now... Bingxin has provided more detailed data, and took the initiative to back down from IDG. Goldman Sachs and Deutsche Bank seem to be a little loose in their attitudes.
Denton got up anyway. He wanted to discuss with his team and reunite with Goldman Sachs and Deutsche Bank.
You can't just drag and let the shares in your hand shrink, right?
This time it was not until evening that they returned to the conference table.
The trio of institutions unified their thinking and proposed the conditions for cooperation: "The US$15 billion must be divided equally among the four companies. It is impossible to only let IDG subscribe for US$2 million."
The 4 companies will divide equally, which is 3.75 million U.S. dollars each. If IDG subscribes 2 million, it will be 4.33 million U.S. dollars each for the three companies.
Xiong Xiaoge was unwilling, and left the table angrily to express his firm attitude.
Yet the agency trio is just as determined.
Denton of DCM explained the latest gesture: "Mr. Tao, please tell Mr. Fang that this is our final bottom line, each of which is 3.75 million US dollars. If it doesn't work, then we will book our own plane tickets and return home."
This is a warning from the agency trio.
Tao Xinglei sighed deeply: "Okay, I will pass it on to Mr. Fang. From my personal point of view, I will also communicate with Mr. Xiong."
Denton shook hands with Tao Xinglei, feeling that Director Tao was much friendlier.
A night of complex communication with multiple parties.
On the morning of October 10, the fourth meeting on the last round of financing of Bingxin was held, and Fang Zhuo, the head of the company, attended it.
Still concise.
"Every cooperation is not easy, but every cooperation can make everyone progress together."
"The four companies each have 3.75 million yuan, totaling 15 billion U.S. dollars. This is a result that everyone can accept."
"Bingxin will seek listing opportunities at an appropriate time in the next three years."
"I am very pleased with the professionalism you have shown these days. Please bear with me if I offend you. After all, everyone is for the company."
Fang Zhuo finalized his intentions for Bingxin's final round of financing.
Xiong Xiaoge hardly spoke the whole time.
The agency trio each expressed some similar 7-year partnerships, hope to see better ice cores, and hope to see ice cores from listed companies.
Fang Zhuo finished the short process, this time he shook hands with each director one by one before leaving.
When Xiong Xiaoge shook hands, he couldn't help feeling: "There is really nothing new under the sun."
Fang Zhuo smiled slightly: "Why are you always under the sun?"
Xiong Xiaoge shook his head, watching the head of Bingxin leave.
This also announced the official end of Bingxin's last round of financing.