Chapter 258 The largest bank on earth
Galaxy Network Company is developing rapidly now and has many R\u0026D projects, many of which are mid- to long-term strategic projects with large investments and no short-term profits. At present, the company has more than 10,000 employees, which must have reached a large scale. It is time to go public and raise funds.
As a network equipment manufacturer, Galaxy Networks will only gain more trust from its partners and consumers if it is listed on the market, is transparent, and accepts supervision, and will also reassure the U.S. government. After all, the boss behind this company is a Chinese.
Li Zetian chatted with Tian Shuai and Zhang Hao for a long time, and finally talked about the company's listing again.
The company's financial annual report has performed well and is popular among Wall Street investors. In addition, the National Science Foundation (NSF) announced the establishment of the NSFNET network. The timing of Galaxy Networks' listing is very good.
"Tian Shuai, when the company goes public, it needs to find a lead underwriter... Chase Bank from the Rockefeller consortium, Bank of America from the California consortium, HSBC from Europe, and more..." Li Zetian thought for a while and said, "Finally, leave one lead underwriter. I’m going to buy a bank and let it take over.”
Lead Underwriter refers to a securities business institution that exclusively underwrites or leads an underwriting group in stock issuance. The lead underwriter is the most important intermediary hired by the stock issuer. It is both the lead underwriter of stock issuances and the issuer's financial advisor, and is often the issuer's recommender for listing. When a company decides to issue shares, there will often be several, a dozen or even dozens of securities institutions vying to serve as the lead underwriter, and competition is fierce.
The Rockefeller Consortium and the California Consortium are now considered allies of Li Zetian, and this is naturally to win over them and give them a little sweetness. At the same time, it also lets others know the benefits of forming an alliance with Li Zetian.
Li Zetian still has so many companies under his name, and there will be more companies in the future. If they are all split and listed, it is not a boast, and there will be no problem in ringing the Nasdaq bell for a year continuously.
If Galaxy Networks goes public, it will definitely be very successful. As the lead underwriter, it will definitely make a lot of money and gain both fame and fortune.
"Okay, Mr. Li, I understand." Tian Shuai nodded.
"Okay, that's all for today!" Li Zetian said, stood up from his seat and said goodbye to them.
…
On the way back home, Li Zetian turned to look at Dongfang Yuqin and asked, "Have you investigated all the information on Wells Fargo Bank?"
"Mr. Li, don't worry, the information is very detailed and the acquisition team is ready. If you want to acquire Wells Fargo now, they can take action immediately!"
Li Zetian nodded and said calmly: "In that case, let's initiate an acquisition of Wells Fargo Bank immediately!"
"Yes!" Dongfang Yuqin responded, then took out Brick's mobile phone from the bag, dialed a phone number, and said a few words to the person on the other end of the phone.
Li Zetian closed his eyes slightly, tilted his head back, and leaned on the back of the car seat.
In fact, he knows much more about Wells Fargo than Dongfang Yuqin and others. This bank was the bank with the highest market capitalization in its previous life. Since its establishment in 1852, it has never suffered a loss. In the end, it became the strongest. It is simply jaw-dropping. The earnings in the 15 years from 1983 to 1998 were 3.99 times that of the large-cap stock index during the same period, 1.5 times that of Intel, 3 times that of General Electric, and 4.5 times that of Coca-Cola. During this period, the financial industry was far less prosperous than high-tech stocks, automobiles, electrical appliances and other industries, so the performance of Wells Fargo Bank in the United States was surprising!
At this time, Wells Fargo was in the early stages of its rise, and the bank was not very large, with a market capitalization of less than US$1 billion. Li Zetian would not have much resistance in acquiring such a company. If he were asked to acquire big banks such as Citibank and Morgan Bank, even if Li Zetian had enough funds, it would be difficult for him to successfully acquire them as a Chinese.
In addition, Li Zetian's acquisition of Wells Fargo Bank can also reduce the wariness of major financial groups.
Therefore, acquiring a bank with excellent potential and then growing it is the most appropriate approach.
The next day, news came out that Galaxy Networks was preparing to go public, causing a sensation in the industry and attracting media attention.
At this time, the acquisition team sent by Li Zetian had quietly contacted Wells Fargo's shareholders and negotiated the acquisition secretly to prevent the acquisition from being secretly disrupted by some people with ill intentions.
…
Time passed day by day, and on January 20th, Nintendo held a product launch conference. Li Zetian was specially at home to watch the conference through live satellite TV.
Sure enough, Nintendo released a home game console. The name remained the same as in its previous life, called Famicom (FC)!
Before Li Zetian spoke, Yu Jingqiu couldn't help but said in surprise: "This game console released by Nintendo is so similar to the Flamingo-1 game console. Could it be said that Nintendo copied the Flamingo-1 game console?!"
Li Zetian smiled and said: "Nintendo does plagiarism not once or twice. When the Atari game console dominated the world, Nintendo also plagiarized many game works. However, this machine is more powerful than the Flamingo. -1 game console was developed only a few years ago, so the performance of the game console is much better than that of Flamingo-1."
At the press conference, Nintendo President Hiroshi Yamauchi seemed full of energy and confidence.
"The FC game console is currently the best-performing game console! Yes, it is more powerful than the Flamingo-1 game console! Game developers can develop better games on the FC platform. As we all know, good Only games with high quality will attract players! If third-party game developers want their game software to sell well, choosing the FC platform is definitely your best choice!"
Li Zetian couldn't help but shake his head and smile. Nintendo was openly poaching at the press conference.
Dongfang Yuqin whispered at this time: "Mr. Li, do you want to give third-party game developers a warning and not allow them to develop games for Nintendo?"
"In line with the principle of fair, just and open competition..."
Li Zetian paused and smiled, "Go and ask Flamingo Company to warn these third-party game development companies!"
Yu Jingqiu smiled and said, "I really thought you had changed your character and were not going to suppress Nintendo."
"Haha, how is this possible!"
Li Zetian smiled and continued to watch the live TV broadcast. Nintendo also released 6 self-contained games this time, which felt pretty good. However, RB's top game design talents are either recruited by Flamingo Company or working for third-party game development companies. In this life, because Nintendo's best-selling product Game-Watch was copied by Li Zetian, Nintendo was underdeveloped, and its capital and talent reserves were far inferior to those in the previous life, so it could no longer produce classics like "Super Mario".
Although the gaming performance of FC is stronger than that of Flamingo-1, it is not much better. There are so many fun games on the Flamingo-1 console platform. It is impossible for FC to beat the Flamingo-1. The Flamingo company eats meat, and Nintendo can only drink some soup.
However, this soup may not last long.
Whether it is FC or Flamingo-1 game console, they are all 8-bit game consoles in the final analysis.
The Flamingo Company has already been developing the second-generation Flamingo game console very early, and is preparing to use a 16-bit Intel8086 processor and use CD discs as game storage media...
Once such an innovative and high-performance game console is released, it will definitely shock all players and game developers. There is no doubt that FC will be far behind the second-generation Flamingo game console. At that time, Nintendo will definitely regret that it spent huge sums of money to develop the FC game console.
Seeing Li Zetian's relaxed expression, Yu Jingqiu couldn't help but ask, "Aren't you worried that Nintendo will take away Flamingo Company's market share?"
"Nintendo is not qualified yet, Flamingo Company has another opponent!" Li Zetian said lightly.
Yu Jingqiu and Dongfang Yuqin couldn't help but feel confused when they heard what Li Zetian said.
"Which company are you referring to when you say someone else?" Yu Jingqiu asked curiously.
Li Zetian slowly spit out two words: "Sony!"
After a pause, he continued to explain: "Sony is very powerful. If it also wants to enter the home game console industry, it will be a strong rival of Flamingo!"
…
…
Nintendo in this life was crippled by Li Zetian, so Li Zetian didn't take it seriously. On the second day of the Nintendo product launch, Li Zetian finally completed the wholly-owned acquisition of Wells Fargo Bank, with a total purchase price of US$1.25 billion!
On the day the acquisition was completed, the news spread, and people couldn't help but be shocked! At the same time, it also made many people wonder, why did Li Zetian acquire a small and medium-sized bank?
But no matter what, Wells Fargo suddenly became famous!
Out of people's trust in Li Zetian, many people subsequently became Wells Fargo users.
In order to show his importance to Wells Fargo and to appease the bank's employees, Li Zetian made a special trip to the headquarters of Wells Fargo in New York. Here, he met with the company's middle and senior management and announced that he would not actively interfere in the development of the bank. The original management team would still be responsible for the company's management. Wells Fargo's corporate culture and operation management would remain the same! In addition, he also said that he would deposit $2 billion from the umbrella company into Wells Fargo Bank.
In fact, this is equivalent to giving Wells Fargo an additional US$2 billion in development funds, allowing it to grow rapidly!
This is not the only good news Li Zetian brought. He also decided to cooperate with Wells Fargo Bank in his name. The company's book funds will be transferred to Wells Fargo Bank one after another. He will also encourage employees to apply for Wells Fargo Bank credit cards so that they can be issued salary!
Li Zetian's series of decisions made everyone at Wells Fargo rejoice and shout his name.
"Chronos·Li!!!"
"Chronos·Li!!!"
"..."
Li Zetian smiled slightly and said loudly: "Let us work together to develop Wells Fargo into the largest bank on earth!!!"
