Vol 5 Chapter 1285: Sitting wax

, The fastest update to the latest chapter of the rebirth 92 business tycoon!

When Googlers all over the world were all moving because of Feng Yiping's phone call, Robin was sitting on a chartered plane, flying from Chicago to New York.

He is very tired now.

Because yesterday in Chicago, from before breakfast to after dinner, he participated in a total of twelve investor conferences.

And this is not an exception. Since the first roadshow in Hong Kong, he has spent more than ten days now.

He felt that his throat was dry now, and he would cough after a few words, and he would get a headache after a few coughs.

During the silent period, they held back a lot and felt that they had a lot to say to the outside world, but they couldn't say it.

After the roadshow began, they finally had the opportunity to speak. Of course, they still cannot accept interviews with reporters and still cannot make various statements. However, you have to answer all questions about investors.

However, many investors in the United States do not know China or Chinese, and are very suspicious of them. Naturally, the questions they ask will be tricky.

The process of answering these questions is naturally not easy. This makes them miss the silent period a little, and it is really good not to speak.

However, as the roadshow came to an end, it was more than a headache.

At the first stop of the roadshow, that is, before the Hong Kong roadshow, they had a difficult negotiation with the underwriter. The main topic of the negotiation was pricing.

Prior to this, the price given by the underwriter was US$17-19.

Why set such a price? The underwriters gave many reasons, including a thick pile of materials that would be dazzled by professionals.

However, no matter how they explained, what cases they cited, and what formulas they cited, Robin was not satisfied.

The reason for their dissatisfaction is simple. Compared with their expectations, the price is too low.

When there is a chance, it is possible to become a billionaire, who wants to become a multimillionaire?

They repeatedly saw the underwriters and repeatedly emphasized that based on their understanding of the company, the price was too low.

The main reason is that the Chinese market is very large, and they are the dominant players in the Chinese market.

Finally, before the roadshow started, the underwriters finally agreed to raise the price.

However, it only increased by US$2, or US$19-21.

However, investors still showed great enthusiasm, with more than 100 people attending the conference, and many of them complained that their allocation for new shares in Asia was too small.

Their allocation to Asia is indeed not much, only 10% of the total issuance scale.

You must know that their IPO was originally reluctant to sell, and the new shares issued only accounted for 11% of the total equity.

——Perhaps this is the case. Investors have so much enthusiasm. Because there are so few new shares, it is relatively easy to stir up prices.

Because they had a good start in Hong Kong, they were naturally welcomed in London, England. Many very tempered investors even interrupted their summer vacation and made a special trip back to London to participate in their roadshow.

In addition, the first roadshow in the United States was also quite popular, and they took advantage of the trend to raise the price for the second time, from 21-23 US dollars.

Robin now hopes that this last roadshow can continue the excitement before, so he can raise the price for the third time, but this time, he is not willing to mention two yuan and two yuan. He wants to mention two and two. Piece.

He turned his head and glanced slightly. The underwriter's side, it is estimated that the problem is not big, but the other group of people, even if this happens, the group of people who still don't show any joy on their faces may still have problems.

The old man Schmidt, his hand is very poisonous.

Google’s 2.6% is still hanging, and there is no intention to use this IPO for sale. This undoubtedly gives other investors a clear signal that Google still wants to buy.

This is where Robin has the most headache.

First of all, they have to work as underwriters. You see, your price is indeed too low to reflect the value of our company.

After persuading the underwriters to raise the price, they tried their best. The fund managers of all sizes who have participated in the road show said, subscribe, subscribe for our stocks, and it will definitely bring you great returns in the future. .

Finally, they have to work again and again for those investors, including DFJ. Let’s not think about selling the company, and don’t veto this IPO. Relying on China’s market, based on our current market share. , Our achievements in the future will definitely exceed your imagination...

Robin now also feels that some of what Schmidt said at the beginning were indeed correct.

This IPO is really a headache process, a process where you don't know the result until the last minute.

While he was half asleep and half awake with headaches, they went to New York again.

…………

Before the last roadshow, Robin held another investor meeting, "Everyone, I know, everyone has -->>, the fastest update to the latest chapter of the rebirth 92 business tycoon!

Right to decide whether we can go public in a few days."

These venture capitalists, when they decided to invest in Wolf Factory, clearly determined in the agreement that they had the right to vote to decide whether to go public or not.

"But I want to tell everyone that in a few days, I will not take a large check from any company and hand over my company."

"I just hope that in a few days, I can watch the stock price trend of our company in Times Square,"

Defengjie’s representative glanced at other investors, "Robin, you said very well in the second sentence, this is ‘our’ company,"

I don’t know whether it is intentional or not. In the first sentence, Robin said "my company," but in fact, the management team including him accounted for no more than 40% of the shares, and investors had more than 60 shares.

"We understand your feelings for the company, but you also know the general business principles,"

This commercial principle, to put it bluntly, is that if the wolf factory is sold, it will bring them greater returns, and they will not tend to go public.

"You also know that search is a public product facing the society. Handing it over to a company with more ability and experience will not only benefit you and me, but also benefit society."

——These American clichés, they are not covered.

At every turn, I would go to the grand level of society and the world.

Robin picked up two apples from the fruit plate on the table, "The green apple in my left hand is our present, and the red apple in my right hand is our future."

"So, do you want to harvest now or leave it to the future to taste the taste of red apples?"

"What we have to consider is whether this fruit tree can grow up," said Defengjie's representative. "Google's knife is very sharp, isn't it? Their recent success in China fully illustrates this point."

…………

Because of the hot subscription, the last roadshow was only open to fund managers.

The situation at the scene made Robin feel optimistic. The original banquet hall could only accommodate 100 people, but fund managers have come one after another. Up to now, there are more than 140 people on the scene.

Some later fund managers, even managing billion-dollar funds, had to stand against the wall.

"If I remember correctly, China Life, which was 10 times bigger than us in the past, did not attract so many fund managers to participate?" He smiled and said to the underwriters and shareholders.

However, the questions raised by fund managers are still the same as before. The revenue of Wolf Factory and the market competitiveness of Wolf Factory in the future... In fact, in the final analysis, there is only one question. In the competition with Google, will Wolf Factory be in the future? It was completely defeated, so that the stocks they bought were all waste paper?

These guys are so arrogant, Robin doesn't believe it, these guys haven't heard their explanation from the peers.

But relatively speaking, these fund managers are still easy to solve, "We all know that China is a huge market. How big is this market? This year, the total number of Internet users in China has exceeded 100 million."

"According to the trend of the past five years, China's netizens have grown at a rate of over 20% every year!"

"I believe that through this set of data, everyone will have an intuitive understanding of the Chinese market, and our company, like China's Google, has a share of more than 70 in the Chinese search market."

In fact, with the recent increase in Google’s share, they are now only more than 60%.

However, it is not a problem if it is properly blown.

"When we think about it this way, we say that in the future, even if our market value is only one-tenth of Google's, that is close to 8 billion U.S. dollars. Based on our issue price, our market value is only between 8 and 1 billion U.S. dollars. between,"

"So, subscribing to our stocks will definitely bring you high returns in the future,"

…………

After the conference, in a small conference room, representatives of Wolf Factory and some fund managers held a small-scale meeting.

One of the fund managers asked a question~www.wuxiaspot.com~ We noticed that Google still retains 2.6% of their shares, which undoubtedly shows that they look forward to acquiring your company."

"Does this not exactly illustrate the strength of our company?" Robin said with a smile.

"So, how much does Google bid and would you consider selling your company?"

I won’t sell any bids, Robin said to his heart, but there are so many people, shareholders, and representatives of VCs. In this case, you can only think about it. You can’t stop those VCs from having money. Not earning.

"This, I have to think about it," he lowered his head and thought for a while, and said something he regretted later, "I think, if Google bids $2 billion, I will agree."

The questioner raised his index finger to signal everyone to be quiet, picked up the phone and started making a call.

Robin was taken aback. What is this?

Immediately, the fund manager put down his phone, looked at Robin and they said, "Google only has one sentence, cash or stocks?"