Chapter 542 Sir Yang hopes to finance Pingguo Company!

When Lin Dezhong left, Jobs was still reading the invitation letter.

Sir Young invited Jobs to have dinner with him at Connor Manor tonight.

In Jobs' view, Sir Yang's identity is not simple. He has swallowed up many foreign companies in Hong Kong. No one knows how much Sir Yang is worth.

Jobs knew that Sir Young had a close relationship with London and was even knighted by the Queen.

In addition, the computers ordered by the Imperial Group from IBM made Jobs very envious. If they could cooperate with the Imperial Group, Pingguo's computer sales would definitely increase a lot.

In addition, Empire Games, a subsidiary of Empire Group, almost monopolizes the global gaming industry, including hardware and software. Jobs felt that he could cooperate with Sir Yang.

Even if Sir Yang did not invite him, if he knew that Sir Yang was coming to Silicon Valley, he would definitely visit him personally.

That afternoon.

Jobs found Woz, and he was going to meet Sir Young with Woz.

. . .

Yang Ming, Azhu, Zhong Chuhong, and He Chaoluo were walking around outside the manor.

There's still sun, and it's still not that cold.

Even though the sun has gone, it's still a little cold here in Connor Manor.

16:45 pm local time in San Francisco.

Lin Dezhong came over and said, "Mr. Yang, Mr. Jobs brought a white man to see you."

Jobs also brought a white man here?

When Yang Ming went out, he saw Jobs, who was elegant and wearing myopia glasses. He still looked very young. Next to him was an older, bearded young man. Wasn't it Woz?

This Wozniak is not simple either. Pingguo Company could not develop like that without Jobs but also with Jobs as a partner.

When Jobs left Pingo, even though Woz didn't betray him directly, he didn't stand up to support him.

"Hello Sir Yang."

When Woz learned that Jobs had brought him to meet Sir Young, Woz also seemed very excited.

Woz really likes the Empire Group game console.

He likes both arcade machines and handheld machines, but he thinks that the $6,500 arcade machine is a bit expensive, but handheld machines are very cheap.

"Sir Yang, this is my partner Mr. Watts."

"Hello, Mr. Watts."

Yang Ming shook hands with Steve Jobs and Wozniak respectively.

When Yang Ming came to this world, he didn't know how many celebrities he had met for the first time.

Yang Ming, Jobs, and Woz sat down in the living room and drank coffee.

It's still early, and it's not yet time for dinner.

It's getting cold outside and it's impossible to go out.

"Sir Yang, we want to discuss business with you."

"Can."

Yang Ming, Jobs, and Woz entered the study.

In the study room, Jobs said directly: "Sir Yang, it's like this. I heard that your Empire Group and its group companies order a lot of office computers every year. Our Pingguo Company's Apple II is also very good as an office computer. I hope We can cooperate with Imperial Group.”

Yang Ming thought it was something other than buying a computer produced by Pingguo Company.

When Yang Ming bought a computer, he initially wanted to buy a Pingguo computer. He found that there were no dealers in Xiangjiang and had to wait for a long time, so he bought an IBM computer first. Later, the Imperial Group purchased more and more computers. , can be regarded as a big customer of IBM.

Jobs and Woz knew it, so they were naturally greedy.

Even if the Imperial Group can buy 10,000 Pingguo computers, that would be considered very good.

In addition, the games of the Empire Group are really good. If they can be licensed to Pingguo Company and cooperate with Pingguo Company, the sales of Pingguo computers will of course be greatly improved.

The sales of Imperial Games' arcade machines are really good.

Not to mention those handheld consoles.

It is precisely because of the emergence of so-called home computer game consoles and the emergence of a large number of inferior games that the game consoles in M ​​country were depressed for several years.

Nowadays, the sales volume of Empire game products in country M is still very good, and this situation will basically be avoided.

Regarding Pingguo Company's hope that Imperial Group will purchase Pingguo Computer, there is also the matter of cooperation with Imperial Game Company.

Yang Ming felt that these could all be discussed, but they would inevitably involve issues of interest.

There is also the Windows operating system that Yang Ming has developed.

Historically, Yang Ming knew that Pingguo Company had its own operating system and it was impossible to use Microsoft Windows.

Now that Yang Ming is asking people to develop Windows, Pingguo Company may not use it, but will use the iOS system developed by itself.

"Mr. Jobs, Mr. Woz, we can talk about the purchase of office computers. We can also talk about the cooperation between Empire Games and your Pingguo Company."

It’s okay to talk.

Whether it can be negotiated is another matter.

Jobs and Woz were very happy when they heard it.

They didn't expect Sir Yang to be so easy to talk to, but what Sir Yang said next surprised them both.

"Mr. Jobs, Mr. Woz, I am optimistic about your Pingguo Company. Although Pingguo Company just raised a sum of money from 16 investors at the end of last year, I don't think it is a lot. I hope that I will be in Silicon Valley." The venture capital company, Future Capital Company can provide financing to Pingguo Company."

Sir Yang wants to finance Pingguo Company?

Jobs and Woz were truly stunned.

Last year, Pingguo's situation was pretty good.

Of course, why financing is needed? In addition to the lack of funds, there is also a lack of technology. In this case, Jobs, Woz and others will naturally accept financing from more investors.

The most difficult time was in 1977 and 1978. Jobs, Woz and others really almost couldn't continue, but in the end they gritted their teeth and endured it.

Now Sir Yang actually wants to provide them with financing.

On December 12, 1980, Pingguo IPO. After the IPO, the diluted shareholding ratio of Jobs, the largest shareholder, was about 15%, and Markkula, the second largest shareholder, held about 7 million shares, accounting for about 11.4%. %; Woz, the third largest shareholder, holds 4 million shares, accounting for about 6.5%.

In less than an hour, all 4.6 million shares were snapped up, closing the day at $29 per share. Based on this closing price, Pingguo Company’s top management has produced 4 billionaires and more than 40 millionaires.

That works out to about 61.4 million shares.

The largest shareholder is Steve Jobs with 15%, approximately 9.21 million shares.

Markkula, the second largest shareholder, has 7 million shares.

Woz, the third largest shareholder, owns 4 million shares.

The listing is for 4.6 million shares.

The remaining sixteen investors raised 59.6% of the shares, accounting for 38.2 million shares.

In the late summer of 1979, Pingguo Computer Company decided to conduct a round of pre-IPO external private equity financing, that is, mezzanine financing.

Through the relationship between Don Valen and Markkula, financing was quickly successful. A total of 16 investors, including Xerox, Rothschild, Untenberg, Towbin, Brentwood Capital Company and some individual investors, raised the price at US$10.50 per share. Price subscribed for shares of Pingguo Computer Company, which raised a total of US$7.27 million this time.

Xerox had a dedicated venture capital department at the time, and Xerox purchased nearly 100,000 shares for US$1 million. After Xerox invested, Pingguo was allowed to visit its mysterious Palo Alto Research Center. "Jobs looked around like a child, observing various new technologies, and he was ecstatic."

Calculated, at this time, the market value of Pingguo Company is estimated at US$614 million.

After listing, it was sold for $29 per share, which is equivalent to about doubling the price.

How to value now.

Before it went public, even if Yang Ming calculated it based on the historical listing market value of US$29 per share, he felt it was still worth it.

Updated Chapter 3!

Please subscribe! !