Reborn in Hong Kong as a Tycoon

Chapter 458

NO.19, another Saturday.

Lin Baicheng took Mori Haruko to the golf course to play with Wade Thomas, Phil Smith and Logan Rockefeller.

Lin Baicheng's golf skills have improved, but they are definitely incomparable to the three of them. However, a few of them are not playing professionally, so as long as their skills are not too bad, they can pass.

Today's game was organized by Wade Thomas, so Lin Baicheng guessed that Wade Thomas might have something to tell him.

After playing golf for a while, everyone decided to take a break.

Wade Thomas said to Lin Baicheng: "Allen, there is something I want to discuss with you."

"what's up?"

Lin Baicheng guessed that Wade Thomas had something to tell him, so he invited him to play golf.

"Talk, Logan and I will go over there."

Phil Smith said something, and went to rest on the other side not far away with Logan Rockefeller.

Haruko Mori didn't leave, she didn't need to leave.

Wade Thomas did not ask Haruko Mori to leave either. After Phil Smith and the others left, he said, "Allen, I want to talk to you about the listing of Galaxy Games. But don't worry, no matter what you do You can rest assured that such a decision will not affect the listing of Xinghe Game Company."

"It seems that the matter is not small? Tell me."

Lin Baicheng raised his eyebrows when he heard the words, and motioned for Wade Thomas to speak.

Wade Thomas said: "After our evaluation by Goldman Sachs, Galaxy Games will conduct a roadshow listing inquiry at a stock price of 13 US dollars, with a total share capital of 2 million shares and a total market value of 26 billion US dollars. Public offering of 20% of the shares is 4000 Ten thousand shares."

"I already know all of this."

Lin Baicheng nodded. After Goldman Sachs completed the evaluation of Xinghe Game Company, Lin Baicheng knew this.

Lin Baicheng is neither satisfied nor dissatisfied with the listed market value of Xinghe Game Company, but can only say that it is acceptable.

In 1977, the profit of Galaxy Game Company was about 1.5 million US dollars, and in 1978 it was 3 million US dollars. The growth rate reached 100%, which can be said to be very strong.

But the problem is that Goldman Sachs and the evaluation agency do not think that Galaxy Games will have a relatively high annual profit increase for several years or even more years in the future. The uncertainty of game products may make Galaxy Games a certain year. Losses occurred, so the valuation of Xinghe Game Company's listing was naturally affected.

However, just looking at the current performance report of Xinghe Game Company is very good-looking, and its performance has exploded, so it is impossible to give a price-earnings ratio that is too low, so after comprehensive consideration, it gives a valuation of 26 billion US dollars. Goldman Sachs believes that this valuation should be able to be recognized. The market accepts it.

Of course, whether it will be accepted by the market and whether the market will be oversubscribed is currently uncertain, so the valuation of US$26 billion is only the price at the time of the listing roadshow inquiry.

If the market does not approve, then the stock price can only be lowered at that time, otherwise Lin Baicheng can only choose to give up the listing of Galaxy Games, and the relevant fees paid to Goldman Sachs before will be wasted; otherwise, if it is oversubscribed by the market, then 13 US dollars is not listed. The price may be 14 dollars or even higher at that time, so that Galaxy Games can raise more funds.

That's right, despite the fact that all the shares of the company were in the hands of Lin Baicheng before the company's listing, the funds raised from the publicly available shares do not belong to Lin Baicheng, but to Galaxy Games Company. These funds cannot be used by Lin Baicheng personally.

However, six months after the company's listing, Lin Baicheng, the major shareholder, can reduce his shares and exchange them for cash.

Wade Thomas nodded and continued: "Alan, almost all the shares of Galaxy Games Company are in your hands. Even if the 20% of the publicly issued shares are missing, you still have nearly 80% of the shares in your hands. The shares of Galaxy Games Company Too focused."

"What I want to say is that before the company starts its roadshow, you can sell some of the shares in your hand, and the cash for selling these shares belongs to you personally."

"And the institutions that bought these shares will become partners of Galaxy Games. If something happens to Galaxy Games in the future, they can ask them for help. More importantly, there are education funds, police pension funds, social security funds and other institutions Becoming a shareholder of Xinghe Game Company, you can raise the valuation of Xinghe Game Company, and conduct a listing roadshow with a higher stock price, which is of great benefit to you."

"Thomas, tell me the truth, is there someone who wants to buy the shares of Galaxy Games in advance, or does Goldman Sachs think it's better to do so?"

After hearing this, Lin Baicheng asked aloud, staring closely at Wade Thomas.

Wade Thomas pondered for a while, but chose to tell the truth: "Alan, the listing of Galaxy Games Company cannot be hidden from others. The prospects of the company are relatively promising, so I want to buy some shares before the listing, and Goldman Sachs itself also wants to buy some shares in advance, so I sent me to talk to you."

The reason why Wade Thomas told the truth was because he valued his personal relationship with Lin Baicheng more.

"So at what price do you want to buy the shares of Xinghe Game Company? How much do you want to buy?"

After Lin Baicheng thought about it, he didn't refuse immediately, but asked.If the bid is not low, it is not impossible to sell part of the shares. After all, it will take nearly a year for the company to lift the ban six months after listing, and no one knows what will happen to the stock price.

"At least 10% of the shares, preferably 20% of the shares, too little is not enough."

Wade Thomas said the quantity, and then said: "As for the price, what do you think at a valuation of 20 billion U.S. dollars?"

"Two billion dollars? That's about 20% off."

Lin Baicheng made up his mind after hearing the words, and then said resolutely: "This price is too low. If it is this price, I don't think I need to think about it. I can reject Thomas now."

"Alan, don't rush to refuse. You can talk about the price slowly, and you can also slowly consider how many shares you will give up. This is not a matter for you to make a decision right away."

After hearing this, Wade Thomas immediately said that he still hoped to be able to negotiate with Lin Baicheng.

"What you said makes sense. Then I will think about it in the past two days, and I will give you an answer after I have a decision."

Lin Baicheng nodded, and after thinking about it, no matter what kind of decision he made, he would just talk to Wade Thomas at that time.

This is not a trivial matter. Lin Baicheng decided to discuss it with several assistants and listen to their opinions. Anyway, there is no harm.

(End of this chapter)