Age of Dreams

Chapter 3025 The jealous Citigroup

Rich people are known in the mountains, but poor people are not asked in the downtown.

A person in Xiao Qi's position, no matter how low-key he is, will still have a lot of entertainment.

For example, tonight, Jabil, the CEO of Citibank, hosted a banquet for Xiao Qi.

Citibank is one of Fairy Company's most important partners, and many members of Jabil's family are friendly with Xiao Qi, so this face has to be given.

Since Jabil knew that Tang Mingxiang and Little Taylor were pregnant, they didn't hold a dinner for the two families. Instead, he took Wade with him and invited Xiao Qi to dinner.

When Xiao Qi first met Wade, he was just the deputy head of the asset management department of Citibank New York Branch. Now he has become the president of the New York branch, and he is one step away from entering the head office.

Of course, when Wade chatted with Xiao Qi, he said that he would actually prefer to be the president of the New York branch, because it is easy and powerful here, and New York is the most prosperous city in the world, so he became the head of Citibank. The most important branch, so he is equally valued.

It's just that Jabil needs Wade to go to the head office to help him stabilize the country he has finally won.

After thinking about weighing the gains and losses, Wade still agreed to Jabil. If there is no accident, Bao Lijie, the president of the Japanese branch, should replace him in the future, and he will still be Xiao Qi's old friend.

The place where Jabil invites you to eat is a Michelin three-star restaurant, and it is the kind that requires reservations.

In order to worry about other people taking photos, Jabil also specially reserved a box so that no one would bother.

Xiao Qi has never been willing to expose himself in the media, and is good at using WeChat, Weibo, Twitter and even Facebook to confuse the public, so now few people know which photo is Xiao Qi's true face.

Many media claimed that they bought Xiao Qi's photos at a high price, but they were all proved to be false in the end.

Naturally, Xiao Qi would not tell others that this method of confusing the public was thought up by him, which would make everyone's eyes tired, and even if those who broke the news could capture the truth, they would not be able to prove it.

But this kind of mystery makes many people think Xiao Qi is cool, and his popularity is getting higher and higher.

Jabil invites Xiao Qi to dinner, on the one hand to connect with the relationship, and on the other hand because he has something to look for Xiao Qi.

Eating the tender veal steak, Jabil couldn't help but said to Xiao Qi: "Qi Shao, logically we are all friends, and you also know that Citibank has had a hard time in recent years. Why do you say that Facebook wants to go public? Ms. Tang has never chosen Citibank to underwrite the issue? Even with Goldman Sachs!"

Xiao Qi shook his head and smiled, "It's not that you don't know that Xiangxiang never cares about Facebook's affairs. This is the guarantee he made with Zuckerberg when he bought Facebook's stock."

"How about a suggestion to the head office? Our conditions are not much worse than Goldman Sachs. Besides, if it is worse, we can talk about it." Jabil sighed. Goldman Sachs confirmed their position as the sole underwriter, but Goldman Sachs ate a piece of fat alone."

"Yes, the entire underwriting can bring Goldman Sachs at least US$5 billion in direct income. If it works well, they will have some additional derivative income. The benefits are really countless." Wade also chimed in, "Oh, Citigroup is now I also lack such a good business to boost my confidence."

"Stop complaining there. In the first three quarters of this year, Citi's operating income ranked third in the global banking industry, right? The net income is much higher than last year." Xiao Qi laughed, "If you all say no Coming out of the cold winter, how many banks are still struggling with life and death?"

"It's just better than last year. If you want to change to five years ago, this level is very bad." Jabil shook his head and said, "Although I am in this position now, I really prefer to live five years ago." day."

Five years ago, before the national debt crisis broke out, neither did the subprime mortgage crisis. Investment banks such as Citigroup, Merrill Lynch, and Bear Stearns all made a lot of money through various financial derivatives. Adding bonuses is simply too much to spend, of course life is easier.

It's a pity that there aren't so many fools who are fooled anymore. Several investment banks have closed down, and there are also people with their tails between their legs. They still have half the prestige of the past.

Xiao Qi knew from Tang Mingxiang that Citigroup had indeed approached her many times for Facebook's IPO listing, but after Tang Mingxiang asked Zuckerberg, she conveyed that Zuckerberg did not consider Citibank's opinion. , and then she stopped talking.

Tang Mingxiang is a smart person. Unless it is the cause of Xiao Qi or her family sisters, she will not go against Zuckerberg. Citigroup does not have the qualifications for her to actively fight for it.

Of course, Citi can't blame Tang Mingxiang either. They all know what Xiao Qi said, and most of Tang Mingxiang's business turnover is in Citibank. .

"Qi Shao, you see that you have so many properties under your umbrella, so you haven't thought about listing one of them in the United States?" Wade asked with a smile on his face, "We have agreed that these companies should preferably be exclusively underwritten by Citibank. Allow one or two to join in!"

With the relationship between Citibank and Fairy Company, and the relationship between Xiao Qi and their high-level executives, although Wade said it a little frivolously, it is not too much.

If the subsidiary company of Fairy Maid Company is listed in the United States, others will be surprised if Xiao Qi does not choose Citibank.

After so many years of cooperation, as long as Xiao Qi doesn't touch those financial derivatives, the relationship between Fairy Company and Citibank will always be strong.

"I haven't considered it yet." Xiao Qi told them directly.

"Uber didn't think about it either?" Jabil smiled while holding a glass of wine.

Xiao Qi smiled, "Uber will definitely go public, but not now. But if it is going to go public, I think that with its scale, Citibank should not be able to afford it. I am going to bring in Credit Suisse First Boston Bank, you two The joint underwriting operation is listed."

Jabil and Wade agree on this point.

Uber has long been hailed as the second company that may be the same as Facebook, with a valuation of more than 100 billion U.S. dollars before its listing. Such a large company can only be eaten by a giant like Goldman Sachs. Now Citigroup is a little bit worse. .

But they also heard another meaning in Xiao Qi's words.

"Qi Shao, do you mean that if the scale is not so large, Citibank can operate it alone?" Wade asked with interest.

"Of course." Xiao Qi pondered, "What do you think of DreamDrive?"

"real!?"

Wade was overjoyed, "Are you really willing to take DreamDrive to IPO?"

Xiao Qi smiled and nodded.

This time even Jabil was delighted.

DreamDrive is the first company to do cloud storage. For now, although GOOGLE, Microsoft, Amazon, Apple, and APPSTORE have all started to do cloud storage, DreamDrive relies on its own preconceived advantages, coupled with Xiao Qi’s With the correct planning steps, it still controls more than 62% of cloud storage in North America.

Considering how powerful its competitors are, it's remarkable that DreamDrive is where it is today.

And because DreamDrive is so good, its current valuation has reached 13 billion US dollars, which may not seem high, but it is already a remarkable achievement for a company with simple functions.

What's more, the current valuation of 13 billion US dollars is just a very general valuation. Once it is handed over to Citibank for operation, I dare not say anything else. It is not a big problem to stabilize the market value of DreamDrive at 50 billion US dollars after listing.

Citibank has the confidence.

Because they had conducted a detailed investigation on DreamDrive, Xiao Qi only invested 500 million US dollars in them, but half a year later they started to make a profit, and until now, the monthly operating income has already exceeded 200 million US dollars , The net profit is more than 80 million.

Based on the IPO's minimum price-earnings ratio of 10-15 times, DreamDrive should also have such a valuation.

What's more, its various functions and services are also constantly being improved. Although other companies may be considered to be excellent in other fields, DreamDrive is still the most powerful in the field of cloud storage space.

If Citibank operates well, it will have a net profit of at least US$3 billion.

Money is nothing. After listing DreamDrive IPO, they can gain Xiao Qi's appreciation, and thus get more and bigger cakes in the other IPO listing operations of Xiannv Company, which is the result they most want!

You know, there are not only one or two good companies in Xiao Qi's hands, if they are all listed, there will be at least 10 or more.

Moreover, these companies are not bad companies that make money, but are very top companies in their respective fields.

If they can all be listed in the United States, there is no doubt that American stockholders will usher in a feast of wealth sharing.

Unfortunately, neither Jabil nor Wade has any illusions about this.

One or two are still possible, and all of them will be listed. Do you think Yu Xiao Qi's evaluation of "stingy" and "selfish" is false? (to be continued ~^~)

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