Age of Dreams

"Husband~~ It's a waste of you not to come to New York for Christmas!" Tang Mingxiang was talking on the phone in the evening of Eastern Time, "There was a lot of snow in New York two days ago, and I was with He Li and Wang Lei. They have piled up a few snowmen! There are downstairs in the apartment, as well as the company building!"

"I'm not busy!" Xiao Qi thought of his bright and charming wife, and he wished to fly to the United States. "You don't want to come back! Forget about Christmas, and you won't come back during the spring break. See what happened when I went to the United States. Pack you up!"

"Hey~~ I'm not busy when you are busy? People have to go to class and manage the company, and they are very tired! Listen to Cai'er saying that you often skip class!" Tang Mingxiang spit out a little fragrant tongue to Xiao Qi Said coquettishly: "I'm still waiting to buy mine back! It's all you, let the family stabilize, stabilize, and stabilize again! I'm so anxious to wait~~"

Speaking of which, Tang Mingxiang is also a stubborn girl.

Although she does not regret selling it, because she made a huge profit of more than 30 billion U.S. dollars on this, Xiao Qi had promised her that she could buy it again, otherwise she would not sell it because of the money.

To put it in an exaggeration, it is the child she cultivated herself, but if there is a little hope, she will not sell it. Now that it has been sold after hearing Xiao Qi's words, she has always wanted to take it back deep in her heart.

The dozens of elites under Tang Mingxiang's hands have been following Tang Mingxiang's side, mostly because of this reason.

As for some senior executives who joined one after another later, they would not realize the thoughts of their group of entrepreneurs. They just regarded this as a business of selling high and buying low.

In the past two days, Bear Stearns was acquired by JPMorgan Chase with emergency assistance, which caused the U.S. stock market to plummet again.Almost 80 companies were not spared. Even many companies that were not listed and were preparing to go public began a new round of valuation. Plummet.

The collapse in valuations has caused such things as large-scale panic. It seems a little funny to outsiders.

You haven't sold it, and you haven't listed it. Is it that important to value it?

In fact. This is more important than people think.

Because the valuation of a company represents the social capital's confidence in it, once everyone has no confidence in it, it will be abandoned by people even if it is reluctantly listed.

Of course, it does not mean that the higher the valuation of a company, the better, but if it is lower than its cost price, it is obviously a disaster.

Because of the subprime mortgage crisis in the United States, it has experienced two big drops before, the first time it went from a valuation of 47.5 billion to 40 billion, and then fell to 35 billion. Now it is only three days, and Morgan Stanley, who is responsible for the listing work, has dropped its valuation to 30 billion U.S. dollars, which can be described as a heavy loss.

But Morgan Stanley has already given the highest valuation, other investment banks and financial groups. I even feel that the price is still inflated, and it should be lowered a bit to make it easier to operate.

You know, it has been less than 6 months since Tang Mingxiang signed the share sale agreement on July 19 last year. The 47.5 billion has become 30 billion, and the 17.5 billion white silver has evaporated. Make its six major shareholders want to cry even in their dreams.

Had it not been for this subprime mortgage crisis. Then the target price for listing should be around 60 billion U.S. dollars, and it is likely to exceed 90 billion or even 100 billion after listing.

Think about it. With more than 50,000 employees, the total number of daily group purchases exceeds 80 million. This is an excellent company that is the absolute hegemon of the group purchase industry. How could the value not be high enough?

It is a pity that these investment experts are not very lucky. They don't know as Xiao Qi, that after the subprime mortgage crisis is a more serious subprime mortgage crisis soon, and after a more serious subprime mortgage crisis. It is still the worst financial crisis in 30 years...not to mention ordinary people crying directly, even these experts have to kneel directly.

At the time of the violent outbreak of the loan crisis, although the valuation has dropped to 30 billion U.S. dollars, they still dare not go public directly. Otherwise, once the market does not buy it, the value will not be 30 billion, and it may fall directly to the end.

So it's better to wait and see.

These six major shareholders are not so short of money. They are all well-capitalized groups. I dare not say that waiting for a year or two will be no problem, but at least three to five months will be no problem.

If they don't even have this patience, they will not be considered as an investment group, it is a speculative group.

Although not all Americans are like old Mr. Buffett, a stock can wait more than ten years before looking at the overall return, but they are still very cautious in their attitude towards a good company.

OK?

Of course it's a terribly good Internet company! It has changed people's lives to a certain extent and has become an indispensable part of many people's lives.

Staggered this unfortunate timing, then it is very likely to become the second, second!

So their confidence is sufficient, at least for now!

Ok.

Xiao Qi had a lot of information. After he learned the thoughts of the six major shareholders, he immediately felt relieved.

In fact, in Xiao Qi's view, listing now is the last opportunity, because although the current economic situation is very poor, it is far better than it will be a year later.

Now that it is listed, the market value should reach 50 billion U.S. dollars, which is far from the expectations of the six largest shareholders, but it has been developing so slowly, laying the foundation and doing things, there will always be a day of turning over, and in the stock market, Excellent stocks are always good or have their own foundation, and it is impossible to fall to the end.

Once given a few opportunities, or what opportunities are encountered, it is definitely not unimaginable to be the first to get out of the financial crisis ahead of others, and to become a star stock.

If this opportunity is missed, in the next one or two years, the situation will be much worse than it is now, and the valuation will definitely continue to decrease, but the monthly operating costs will be a sky-high price and will definitely become the top six. The burden of shareholders.

At that time, it becomes the more afraid, the less daring to go public, and the less daring to go public, the lower the valuation, and the more afraid...The cycle goes down, at least until the end of 2009, there will be a little bit Turnaround.

But will these investment companies and banks have such patience?

Not much else to say, Citibank’s current situation is only better than Merrill Lynch. It still suffered heavy losses in the subordinated debt crisis. They did not rely on selling some good assets to tide over the difficulties, leaving them a dead end. .

The other Green Pine Capital, Bayeux Ventures, and Blackstone Capital are all operating with a large amount of investor money. They are actually small investment banks. Once the financial crisis occurs, a large number of panic redemptions will occur. Maybe it's the second and third Bear Stearns.

Therefore, in addition to Amazon's poor handling, together with the shares of ITOCHU Corporation, Tang Mingxiang is basically sure to recover more than 80 shares.

Xiao Qi told Tang Mingxiang about his judgment on the future, and now what Tang Mingxiang needs to do is one word--wait!

Slowly they will lose their breath, and then it will be the opportunity for Tang Mingxiang's team to play.

Even in the next one or two years, Tang Mingxiang's manager team can not only buy back, but also pick up many good companies that were destroyed by the financial crisis.

Speaking of these manager teams, they are now full of admiration for Tang Mingxiang.

In the original six months, apart from participating in the acquisition negotiations of Khe and actively collecting intelligence, they did not have much to do, and it is inevitable that some people feel a little unstable.

But seeing that in the past three months, as expected by Tang Mingxiang, the mercury has plummeted, and they admired the extraordinary predictability of their beautiful boss, and immediately strengthened their determination to continue to follow the Tang boss. ——Don’t underestimate this point. Whether a person has confidence in his boss will directly affect his work attitude and enthusiasm, and it will also affect the quality of work~www.readwn.com~ In the words of Uncle Ge, It means "the team will not be easy to lead when the hearts of the people are scattered." In turn, I thought, as long as they have confidence in Tang Mingxiang and patiently wait for the opportunity, then after the acquisition, they will be able to rejuvenate in a few months.

Tang Mingxiang wants to regain it, not just because she is the founder. The most important thing is that Little Fairy already has WeChat. If she does not have an equally dazzling platform, she always feels Huangfu Caipi went down, how can this work?

She wants to be the girl of the Xiao family!

The little fairy is not bad, but she is not covered by this little Meiji.

They are all childhood sweethearts, but Tang Mingxiang is not willing to give up the name of Xiao Family Lady to Huangfu Cai~~

ps:

It is said that in 2008, Li Chaoren held 200 billion Hong Kong dollars in his hand as a spare, and the scholar touched his body... ahem! By the way, today, Qixi Festival, everyone who has lovers will finally get married!