Reborn in Hong Kong as a Tycoon

Chapter 67 High valuation or cabbage price?

The place where Lin Baicheng and Wade Thomas made an appointment to meet was a coffee shop. Wade Thomas was the Goldman Sachs executive that Lin Baicheng knew under the matchmaking of Phil Smith.

"Mr. Thomas!" "Mr. Lin!"

Wade Thomas is only in his early thirties this year, and he is already an executive of Goldman Sachs. It can be said that he is young and promising.

The two chatted for a while.

Lin Baicheng got to the point: "Mr. Thomas, I entrusted you, Goldman Sachs, to help me invest in two companies, Microsoft and Apple. How are you doing with this matter?"

"Mr Lin, please also believe in the strength of our Goldman Sachs, we will not let you down."

Wade Thomas said with a smile, and then said: "At present, our staff has contacted the shareholders of these two companies. These two companies are new companies. They did not refuse us to buy shares from Goldman Sachs. Now We are discussing the valuation of the two companies and the proportion of shares they are willing to give up."

"Of course I believe in your Goldman Sachs ability, otherwise I wouldn't have entrusted you Goldman Sachs to do this, but would have gone to another investment bank."

As he spoke, Lin Baicheng asked, "Mr. Thomas, I wonder how much Goldman Sachs valued Microsoft and Apple? How much do the shareholders of these two companies value their companies?"

"The valuations of these two companies are not high, and the revenue is mediocre, especially Microsoft, and Apple's personal computers look good, and they may have good results, but who knows. "

"Microsoft is a company that we value at $150 million, but the two young bosses of Microsoft, Bill Gates and Paul Allen, are very confident that the current company's valuation cannot reflect the true value of Microsoft. , They believe that $500 million is the proper valuation for Microsoft. But don’t worry, Mr. Lin, Goldman Sachs will never accept this valuation, and we are sure to bring Microsoft’s valuation below $200 million.”

"As for Apple, the company launched their personal computer at the West Coast Computer Show in April this year. This is also the first personal computer in human history. Although it doesn't look useful, it is still out of curiosity. Psychological people buy, so there are still some sales."

"We valued Apple at $300 million, and the other party thought that $800 million was appropriate, but this is simply impossible. This valuation is too high. We believe that Apple's valuation cannot exceed $400 million. And we're confident we can talk it out."

"Unlike Microsoft, Apple has a loan from the bank. Once the subsequent sales are unfavorable and the personal computer is lost, Apple's shareholders will be jointly and severally liable, so they definitely hope to introduce funds faster."

Wade Thomas replied that if Lin Baicheng hadn't paid enough, Goldman Sachs would not have noticed these two small companies at all, and it was almost impossible to invest in such a small company.

Speaking of it, Wade Thomas really doesn't understand why Lin Baicheng, the owner of Xiangjiang Game Company, wants to invest in these two companies, but as long as Goldman Sachs can earn commissions, it has nothing to do with Goldman Sachs whether Lin Baicheng's investment can make money in the future .

After hearing Wade Thomas' answer, Lin Baicheng was a little surprised. The valuation of these two companies is too low. Compared with the future of these two companies, it is completely the price of cabbage.

However, it is a good thing to buy the shares of these two companies at the price of cabbage. Lin Baicheng hopes that the more the better, I believe no one will refuse.

Lin Baicheng asked with concern: "Mr. Thomas, how many shares are these two companies willing to give up?"

"Apple is willing to give up more shares, because the company's angel investor Mike Markkula is willing to give up half of his shares, which is 15% of the shares, and other shareholders are also willing to give up a total of 15% of the shares. % of the shares, the total is 30% of the shares."

"In the case of Microsoft, the shares of this company are concentrated in the hands of Bill Gates and Paul Allen. Among them, Paul Allen is willing to give up 15% of the shares, but Bill Gates is only willing to give up 5% of the shares. , saying that he is optimistic about the future development of the company, and he is not willing to sell more shares for the time being."

"It's not bad to have 30% of the shares. If there is more, the founder of the company has too few shares, which is not conducive to the development of the company."

Lin Baicheng was very satisfied with being able to get 30% of the shares in the early stage. No matter how much he worried about the founder losing this company and starting another one, or doing things like transferring the company's assets.As long as the benefits are large enough, nothing in this world is impossible to happen, and the benefits that Microsoft and Apple can bring in the future are very likely to motivate some people to do so.

"Mr. Thomas, Apple, since you valued the company at $300 million, I'm willing to double it, give a valuation of $600 million, and invest $180 million to get a 30% stake in the company. I hope you can negotiate with Apple as soon as possible about the stake.”

"As for Microsoft, the valuation of US$500 million requested by the other party is fine, but I want 30% of the shares. If the other party is only willing to give up 20% of the shares, then I can only give a valuation of US$300 million. The choice depends on the other party."

"Mr Lin, you are willing to give these two companies such a high valuation, I believe an agreement will be reached soon."

Wade Thomas said immediately, thinking that he must persuade the two young bosses of Microsoft to sell 10% more shares.You know, Goldman Sachs helped Lin Baicheng acquire 10% of the shares of the two companies, and he could get a reward of 50 US dollars from Lin Baicheng.

As long as the two young bosses are persuaded to sell more shares, Goldman Sachs can earn an extra 50 US dollars without any other sacrifices. How can such a good thing not be done.Besides, the valuation given by Lin Baicheng is very high, and it can even be said to be ridiculously high, more than double the valuation given by Goldman Sachs. You must know that the valuation given by Goldman Sachs itself already has a premium in it. If it is doubled, if the negotiation fails, it means that the people below have a problem with their ability to handle affairs.

"Then I'll wait for your good news, Mr. Thomas."

Lin Baicheng couldn't help laughing when he heard the words. Although the remuneration for Goldman Sachs was a bit high, everything was worth it, as long as he could win the shares of these two companies.Thinking about the benefits that can be obtained from the shares in your hands in the future, these investments today are nothing at all.

Lin Baicheng knew very well that if it wasn't for Goldman Sachs' help in negotiating the shareholding, Lin Baicheng would have been able to invest in these two companies even if he came by himself, and the shares he could get would probably not be as many as they are now.And even if only 1% of the shares are lost, ten years later, it will be a large sum.

"Mr. Lin, just wait for the good news."

Wade Thomas is very happy, this kind of business that can make a lot of money without any effort, Goldman Sachs also wants to facilitate it as soon as possible to avoid accidents.

　(Thanks to 'Blue Collar Xiaoxiaosheng jjj' for the great reward and support!)
　　
　
(End of this chapter)