Age of Dreams

After chatting for a while, Tang Mingxiang's cell phone rang.

Xiao Qi helped her get it, she looked at the number on the phone, and quickly picked it up: "I'm Tang Mingxiang...um...ok..."

Putting down the phone, Tang Mingxiang said to Xiao Qi: "Zuckerberg is coming soon, and you are here, so help me deal with him."

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

"In February next year, Facebook will prepare for its IPO. Things will be fully finalized in December, and the road show will be in January." Tang Mingxiang said, "He approached me several times in the last month, and he wanted to make me give up more. Pointing out shares for an IPO, but I'm not that stupid, you said that Facebook is the best company, and if you want to keep it for my family, how can I give it up?"

"How much did he mention?" Xiao Qi asked.

"15%, and he is going to give 8%." Tang Mingxiang snorted coldly, "He had a good idea, and there are other people who are also going to give 10%, which adds up to 33%. This part is the valuation It is 120 billion US dollars, the price is okay, and Goldman Sachs promised that if Facebook does not reach a market value of 200 billion US dollars within three years, we can sell them at a valuation of 200 billion US dollars. It is because of this commitment that the founding shareholders And the staff are very excited.”

"Goldman Sachs has spent a lot of money in order to obtain the exclusive right to operate the IPO." Xiao Qi smiled.

There are eight investment banks who want to do Facebook's IPO.

And these investment banks are not small investment banks, even Nomura Securities, the No. 1 in Asia, can't 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 offered generous conditions, and the highest offer was not Goldman Sachs, but the Royal Bank of Scotland. They gave an IPO valuation of 150 billion US dollars, but they asked Facebook to give more than $150 billion. 50% of the shares, this is what the two major shareholders, Zuckerberg and Tang Mingxiang, are not willing to do.

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

Although everyone knows that according to the strength of Facebook, it is only a matter of time before the market value reaches 200 billion US dollars, but Goldman Sachs is the only one that can guarantee it straightforwardly.

Of course, capital is all about profit. Without huge profits, it is impossible for the eight major investment banks to offer so many favorable conditions.

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

Even though the richest people in the world are worth tens of billions or even hundreds of billions of dollars at every turn, there are more immovable stocks in them. There are absolutely few people in the world who can earn 5 billion dollars in cash in one go. business.

Many world-class large companies may only have a yearly profit of 5 billion U.S. dollars.

Zuckerberg owns 34.2% of the shares, but this part of the stock has a dual-class structure, and the voting rights are twice that of ordinary stocks. After he gave up 8%, he still has 26.2%, which is 52.4%. , can still guarantee his absolute control over Facebook.

It is worth noting that the 8% shares taken from him will automatically lose 2 times the voting rights and be converted into ordinary stocks.

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

Little Meiji 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, there will be at least The social network of 3 billion people is at your fingertips.

The question of which is more important than money and shares is obvious.

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

She is the second shareholder and a very powerful rich man in the United States. No matter how tyrannical Zuckerberg is, it is impossible for her to really turn against Tang Mingxiang.

So during this period of time, he came to talk to Tang Mingxiang every day, just to get her to back down.

Tang Mingxiang is pregnant with her second baby recently, and she is very impatient with this guy looking for trouble, but it also involves the interests of Facebook, so she can only bear it and not turn her face.

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

Although Zuckerberg is a tyrant, he is nothing in front of Xiao Qi, and his arrogance can be beaten down at once.

In fact, when Zuckerberg came over, the servant brought 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 sat down respectively.

Zuckerberg and Xiao Qi have met several times, of course he knows that Xiao Qi is Tang Mingxiang's man, but at the time when he was negotiating shares with Tang Mingxiang, Xiao Qi suddenly appeared, which made him feel quite uncomfortable. Unexpected, but also vigilant.

With a wry smile, Zuckerberg said, "Unexpectedly, Ms. Tang invited you here! Does such a trivial matter require you, 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 U.S. dollars.

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

"I just came to visit them, and I don't know about this matter, but since it happened, I can only negotiate with you." Xiao Qi said with a smile, "But don't worry, I am representing the My wife, DST’s shares, whatever you negotiate with Milner, that’s what it is, and I won’t interfere.”

Zuckerberg nodded slightly.

Milner and him are friends, who invested in the DST money, Milner told him before the purchase, but in the end Zuckerberg chose to agree.

On the one hand, Facebook does need a large sum of money to grow and develop. On the other hand, he is also thinking that if necessary, he can use "the world's richest man investing in Facebook" as a gimmick, which is a great way to increase the stock price.

Of course, Milner assured him that 10% of the shares would give up voting rights, and he would never interfere with the company's operations, which was also one of the important reasons why he agreed.

When Zuckerberg saw Xiao Qi just now, he immediately remembered the 10% stake in DST. If the shares of DST and Tang Mingxiang were combined after listing, it would still be a big constraint for him - 51% stake Shares are not the safest guarantee. More than two-thirds of the number of shares, or 66.7%, can really determine the life and death of a company.

Now that Xiao Qi explained to him that one yard is equal to 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 also make the decision. Mr. Xiao, what do you think of the share sale plan I discussed with Ms. Tang before?" Zuckerberg is a man of action, and he directly talked about the business.

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

"Oh?" Zuckerberg was taken aback for a moment, asking Tang Mingxiang to give up 15% of the shares was impossible, why did Xiao Qi say that he would give up more?

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

Zuckerberg is a little annoyed, Facebook is my site, okay, you let me give so much as soon as you come up, how can I control the company in the future?

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

"Of course, it might not be able to give so much." Xiao Qi saw that he was about to speak angrily, so he reached out his hand to stop him, and continued, "For example, some of your entrepreneurial partners, the possibility of them cashing out this time It’s very big, and it’s estimated that there will be about 8% of it? If you calculate it, basically you and Xiangxiang each contribute 12% of the shares, which is almost enough.”

There are many original shareholders of Facebook, but apart from Zuckerberg and the investors who initially used 10 million to get 20% of the shares, the rest of the shares have been severely diluted.

Moreover, among this group of people, there are quite a few young people who like to enjoy themselves, such as the last founder partner who went directly to Singapore to avoid high taxes in the United States, but he cashed out almost all his shares.

It's just that he sold the shares after he became a Singaporean citizen, which made the United States pay a lot less tax, which aroused the anger of many Americans.

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

But the question is, why did he follow Xiao Qi's train of thought?

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