Age of Dreams

After chatting for a while, Tang Mingxiang's cell phone rang. "Le" Wen "Novel" www.lw

Xiao Qi helped her get it. She checked the number on the phone and quickly picked it up: "This is Tang Mingxiang...well...well..."

Putting down the phone, Tang Mingxiang said to Xiao Qi: "Zuckerberg is coming over soon, and you happen to be there, so please help me deal with him."

"What is he doing here?" Xiao Qi asked subconsciously.

"In February next year, Facebook will be preparing for an IPO. In December, things will be fully settled, and the roadshow will be in January." Tang Mingxiang said, "He called me several times last month and wanted to let me make more money. I’m not so stupid to order shares and come out for an IPO. You have said that Facebook is the best company. If you want to keep it for my family, how can I let it out?"

"How much is he giving up?" Xiao Qi asked.

"15%, and he is going to give 8%." Tang Mingxiang snorted coldly, "He thinks well, and there are others who are also going to give 10%, which adds up to 33%. This part is calculated as a valuation. It is 120 billion U.S. dollars, the price is OK, and Goldman Sachs promised that if Facebook does not reach the market value of 200 billion U.S. dollars within three years, we can sell it to them at a valuation of 200 billion U.S. dollars. That is to say, because of this commitment, the founding shareholders I am very excited with the staff."

"In order for Goldman Sachs to obtain the exclusive right to operate the IPO, this is a big deal." Xiao Qi laughed.

There are no ten and eight investment banks that want to be Facebook's IPO.

And these investment banks are not small investment banks, even Nomura Securities such as the No. 1 in Asia can not squeeze in, let alone small investment banks in the region.

Only the eight giants of Goldman Sachs, Merrill Lynch, Morgan Stanley, Citigroup, Royal Bank of Scotland, UBS, and Credit Suisse First Boston have the ability to undertake such a large IPO. .

Due to Facebook’s special status, each company gave generous terms. Among them, it was not Goldman Sachs, but Royal Bank of Scotland. They gave an IPO valuation of 150 billion U.S. dollars, but they asked Facebook to give more than 50% of the shares, this is something that the two major shareholders, Zuckerberg and Tang Mingxiang, are not willing at all.

Goldman Sachs' proposal for an IPO is only $120 billion, but the promise of a market value of $200 billion is very sincere.

Although everyone knows that, according to Facebook's strength, it is only a matter of time before it reaches a market value of 200 billion US dollars, but it can be straightforwardly guaranteed, and it is only Goldman Sachs.

Of course, capital is all profit-seeking, and without huge profits, it is impossible for the eight major investment banks to offer so many favorable terms.

Even if it is only a $120 billion IPO, after Goldman Sachs goes public, plus a lock-up period of about one year, they can at least have more than $5 billion in excess profits!

Regardless of whether the world’s richest people are worth tens of billions or even hundreds of billions of dollars, there are more immovable stocks in it. There are definitely few in the world that can earn 5 billion dollars in cash in one go. Business.

For many large world-class companies, the annual profit may be only 5 billion U.S. dollars.

Zuckerberg owns 34.2% of the shares, but this part of the stock is dual-shared, and the voting power is twice that of ordinary stocks. After he let out 8%, there is still 26.2%, which is 52.4%. , Can still guarantee his absolute control over Facebook.

It is worth noting that the 8% of the shares he took out from him automatically lost twice the voting rights and converted to ordinary shares.

But Tang Mingxiang’s is different. Her shares are just ordinary, and the voting rights are ordinary. Although she will not give up voting rights to Zuckerberg after the listing, she will only have 15% left after she has given up. It's down 18%, which is far from satisfying her.

Miki remembers what her husband said. The greatest value of Facebook is not only money, but also its influence on the Internet. The New York Yankees can influence more than 800 million fans, but with Facebook, at least in the future The social networking of 3 billion people is under your control.

Which is more important than money and shares, this is a very obvious question.

Therefore, Tang Mingxiang disagrees with Zuckerberg's ideas at all.

She herself is a second shareholder, and a very powerful rich man in the United States. No matter how tyrannical Zuckerberg is, she can't really dare to turn her face with Tang Mingxiang.

So during this period, he came to Tang Mingxiang to discuss with him every day, just to make her back down.

Tang Mingxiang was pregnant with her second baby recently, and she was very impatient with this guy who came to look for things, but it also involved the interests of Facebook, so she could only hold back her face without turning her face.

Well now, his own man is here, just in time for him to deal with Zuckerberg.

Although Zuckerberg is a tyrant, in front of Xiao Qi, even if he doesn't matter, his arrogance can be beaten all at once.

In fact, when Zuckerberg came over, the servant took him to the wooden table in the garden. When he saw Xiao Qi standing there, he really had a look of astonishment.

"Mark, long time no see!" Xiao Qi smiled and shook hands with him, and the two people sat down in priority.

Zuckerberg and Xiao Qi have seen him several times. Of course he knew that Xiao Qi was Tang Mingxiang’s man, but at this time when he was negotiating shares with Tang Mingxiang, Xiao Qi suddenly appeared, which made him feel quite surprised. Accidents are also vigilant.

With a wry smile, Zuckerberg said; "Unexpectedly, Miss Tang actually invited you over! Does this little matter still need you to be the richest man in the world?"

Although Zuckerberg thinks highly of himself, he also understands that no matter how powerful Facebook is, it has a market value of two to three hundred billion US dollars.

Xiao Qi's companies have at least three or five companies with a market value higher than Facebook, and Facebook is nothing to him.

"I just came to visit them, and I didn't know that there was something else, but now that I ran into it, I can only negotiate with you." Xiao Qi smiled and said, "but don't worry, what I represent now is My wife, the shares on the DST side, what you and Milner talk about is what it looks like, I won't interfere."

Zuckerberg nodded slightly.

Milner is friends with him. Whoever invested the DST money in, Milner told him before the purchase, but in the end Zuckerberg still chose to agree.

On the one hand, Facebook does need large sums of money to grow and develop. On the other hand, he also wondered if he could use "the world's richest man to invest in Facebook" as a gimmick when necessary. This is a great way to increase the stock price.

Of course, Milner assured him that 10% of the stocks will give up voting rights, and that they will never interfere with the operation of the company, which is also one of the important reasons for his agreement.

When Zuckerberg saw Xiao Qi just now, he immediately remembered DST’s 10% shares. If DST and Tang Mingxiang’s shares were combined after listing, it would still be a big constraint for him-51% holdings. Stocks are not the safest guarantee. It takes more than two-thirds of the stocks, or 66.7%, to truly determine the life or death of a company.

Now Xiao Qi explained to him one yard and one yard, Zuckerberg believed in Xiao Qi's promise, after all, Xiao Qi still has a very good reputation in this regard.

"It just so happens that you can call the shots. What do you think of the share sale plan that I discussed with Miss Tang before, Mr. Xiao?" Zuckerberg is an activist, and he just talked about business.

"33% is too little, at least 40% should be given." Xiao Qi said directly.

"Oh?" Zuckerberg was stunned, asking Tang Mingxiang to give up 15% of the shares. Why did Xiao Qi say that he had to give up more?

"But I think the proportion of shares taken out, except those who want to cash out, should be calculated based on the shares held by everyone." Xiao Qi's next sentence made him understand what calculation is, "Mark, you take 13.68%. Come out, Xiangxiang will take out 13.2%, and DST will also take out 4%... This is the right way."

Zuckerberg was a little angry. Facebook is my domain. Isn't it good? You asked me to give so much out when you came up. How can I control the company in the future?

Although he never thought that he would have to control more than 50% of the voting rights. In fact, 30% of the voting rights of European and American companies are very powerful, but Zuckerberg is not that stupid. He knows that he has to wait until the next 200 billion. With the market value of US dollars, selling is the most cost-effective. Now that you take so much out in one go, isn't it cheaper for others?

"Of course ~www.readwn.com~ may not actually be able to give so much." Xiao Qi saw that he was annoyed and wanted to talk, reached out to stop him, and continued, "For example, some of your entrepreneur partners, they This time, the possibility of cashing out is very high. It is estimated that there will be about 8% of it, right? If you count it, basically you and Xiangxiang will share 12% of the shares, which is almost enough."

Facebook has many original shareholders, but with the exception of Zuckerberg and the initial investor who used 10 million to get 20% of the shares, the remaining shares have been greatly diluted.

And among this group of people, there are many young people who like to enjoy. For example, the last founding partner who went directly to Singapore to escape the high taxes in the United States, he almost cashed out all his shares.

It's just that after he became a Singaporean citizen, the shares he sold again made the U.S. a lot less taxation, and caused many Americans to reprimand him.

Zuckerberg knows that it is very possible for the founders to cash out what Xiao Qi said, and the distribution ratio is fair.

But the question is, why did he follow Xiao Qi's thinking?

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