Chapter 508: Tongtiandai
“This is impossible!”
Hearing the price of this lion’s mouth, Moritz couldn’t help shouting, in the past, Sequoia investments were mostly about making huge profits. Invest a few million dollars, then put the invested company on the market, and then start cashing out a lot of money.
Sequoia Investment has never invested hundreds of millions of dollars at a time before. Just now, Moritz called for an investment of 90 million U.S. dollars, valuing Feiyan Technology at 900 million U.S. dollars. To be honest, this is unprecedented.
But who would have known that Li Dongling didn’t care about martial ethics and directly gave Feiyan Technology a valuation of US$1.5 billion!
If according to the rules of Netscape's listing, the stock price doubled or tripled on the day of listing, then the market value of Feiyan Technology on the day of listing would have soared to US$3 billion or even more than US$4 billion, which is the same as Netscape. Isn’t the current market value almost the same? !
When thinking of this, Moritz and Dixon suddenly felt that it seemed that... it was not unacceptable. It is said that the greater the risk, the higher the return. The true market value has reached as much as three to four billion US dollars. Then The money they invested has more than doubled.
However, Moritz refused to admit it, "Li, the valuation of US$1.5 billion is too high. No one will take over the publicly offered shares of Feiyan Technology." ! ”
“As long as Himalayan Radio and Feiyan Technology show sufficient value, I believe there will be investors who will accept its pricing, and it will not only be Wall Street, but also investors from inland and Hong Kong cities. , Japan, Singapore and other places will rush to buy its shares!”
Li Dongling reminded Moritz and others that if you want to ask who is the most famous Internet stock in Asia, it is definitely Himalaya Radio!
As long as the performance of Himalaya Radio and Feiyan Technology is made more beautiful, there will definitely be a lot of investors in Asia to take over!
The Internet market in Asia is not good yet, but this does not mean that investors in Asia have no money. Especially in Hong Kong, Tokyo, Singapore, Siam and other places, there is still a lot of investment. People are here, as long as they feel that it is profitable, are they afraid of not going crazy and snapping up shares of Feiyan Technology?
Dixon heard the implication and looked at Li Dongling, "So, the management of Feiyan Technology is confident that it can increase Feiyan Technology's revenue?!"
As Feiyan Technology Yao Luoying, the head of Yan Technology, glanced at Li Dongling, saw him nodding, and then said, "Feiyan Technology has some new projects, including self-research projects and joint projects with the parent company Dongling Hi-Tech, etc. It is expected that There may be some improvement in performance in the future..."
"The same project as Himalaya Radio?" Jim Clark couldn't help but ask.
A Himalayan Internet Radio project has shaken up the Internet in America and created a new track. Now a bunch of Internet radio companies have emerged in Silicon Valley, basically copying the work of Himalayan Radio. They know that they cannot compete with Himalayan Radio. But so what, just take the opportunity to make some money.
If Feiyan Technology comes up with another project like Himalayan Radio, even Netscape, which claims to be the leader of the American Internet, will feel a lot of pressure.
Regarding Jim Clark's words, Yao Luoying smiled and said nothing. This actually made Jim, Yang Zhiyuan, Kugel, Moritz and others a little confused.
They feel that Feiyan Technology is a bluff, but... if it is true, there is really a project comparable to Himalayan Radio. If they miss it, they will regret it.
“Feiyan Technology’s hardware business is currently developing automotive-grade radios, audio and other equipment. In addition, it has cooperated with Dongling High-tech Headquarters on several projects. There is no need to worry about revenue. Feiyan Technology cannot guarantee How much can it grow, but we can guarantee that revenue will never fall before listing!
In addition, there are indeed planned new projects on the Internet, but not now. This needs to be kept secret, but it can be guaranteed that new Internet projects will be launched within two to three years, which will bring about a qualitative change in Himalaya’s business! ”
Li Dongling also draws the big pie. Feiyan Technology’s revenue naturally does not need to worry about anything. Even if the mini radio business declines and the future of car radios and car audio equipment is unknown, Dongling High-Tech has put electronics into the market. The business of dictionaries, repeaters, and even the OEM business of PHS is left to Feiyan Technology.
Feiyan Technology is enough to support it. The performance report is simply not blinding, and the performance has even doubled in a single quarter. Three to five times is not impossible, anyway, it’s left hand and right hand...
As for Himalaya to launch genuine music charging platforms like iTunes and Spotify, we have to wait for the right time and wait until several major record groups have piracy When the music platform is about to collapse, Ximalaya Radio and Tanglin Hi-tech's MP3 can appear as saviors to clean up the mess of the American record industry!
"Citigroup is willing to invest, but we also have it! A request..."
While Moritz was still struggling, Dixon had already spoken, "Citigroup is willing to acquire 10% of the equity of Feiyan Technology for US$150 million. However, we require that Donglin Hi-Tech be the next one in the future. If new projects require financing, Citi has the right to invest first!”
Citi is not only interested in Feiyan Technology, but the one that Citi is most concerned about is Dongling Hi-Tech!
Ximalaya Radio and Feiyan Technology are indeed golden eggs, but Tanglin Hi-Tech is the one that can only lay golden eggs. What Citi wants most is to invest in Tanglin Hi-Tech, this time with a lot of money The reason for investing in Feiyan Technology is to have a relationship with Dongling Hi-Tech.
Li Dongling glanced at Dixon a few times and smiled, "There will be a chance!"
Hearing that Dixon actually agreed to Feiyan Technology's outrageous sky-high financing price, Moritz felt helpless, but at this time, another "straw" came down.
"Netscape is also willing to acquire 5% of the equity of Feiyan Technology, but it needs to complete the acquisition in the form of stocks!" Jim Clark also said at this time. According to the current valuation of Feiyan Technology of US$1.5 billion, the acquisition This 5% equity will cost 75 million.
It is not cheap, but with the current popularity of Himalaya Radio, as long as we get its equity, Netscape's stock price will definitely rise a lot, and we will never lose money.
Furthermore, Netscape does not have much cash, but it is a listed company and can issue new shares. This is why many companies dare to play snake and swallow the elephant. They issue new shares if they want to acquire any company. Well, it’s leeks that pay for it anyway.
And the bigger the game, the more stocks are issued, and the more Leek is willing to pay for it. How did WorldCom Telecom in America become a giant company? It relied on constantly issuing new stocks and then converting a company into a giant company. Within a few years, it acquired dozens or hundreds of telecommunications companies, and its market value exceeded 200 billion US dollars. Every time a stock was issued, Liek rushed to pay for it, and even complained that WorldCom issued too few stocks.
Well, in the previous life, LeTV also did this, and after issuing new shares, the stock price continued to rise. However, after LeTV issued new shares, Boss Jia put the money in his own pocket, which led to a direct collapse...
< br>"Deal!"
Li Dongling nodded towards Jim Clark. Netscape is still the leader in browsers, and its stock is still hard currency, equivalent to the US dollar. You can basically cash it out after you get it. Come out with dollars.
But it has only been a year or two. In the future, when Microsoft started to act rogue, Netscape's browser was beaten and retreated, and the stock was no longer valuable. Feiyan Technology got it Netscape stock must be cashed out quickly within the next two years.
At present, Yahoo, Citigroup, and Netscape have all reached an agreement with Feiyan Technology, leaving only Sequoia Investment. Li Dongling, Yao Luoying, Larson, Lu Kui and others are all looking towards Mo Riz looked.
Taking a deep breath, Moritz couldn't help complaining, "Damn, this is Sequoia Investment's largest investment in the Internet industry so far. If it fails, I will be expelled from Sequoia Investment Partners." He was kicked out of his position!"
After scolding a few more times, Moritz finally made up his mind, "You win, Li, I hope this is not a regrettable decision!"
"You will not regret it, Mr. Moritz!"
Li Dongling responded with a smile, and then violent applause broke out in the conference room. They couldn't help but look happy, they knew what this round of applause meant, and they were one step closer to being worth a million dollars!
Larsson and the legal staff began to formulate a contract. Sequoia Investment and Citigroup paid such a large sum of money. In order not to lose money, let alone Feiyan Technology, even if it was just a piece of shit, they would You have to bite the bullet and send it to Nasdaq, otherwise you will lose money and go to grandma's house.
"Feiyan Technology must complete its listing this year!"
Li Dongling said this mainly to Moritz and Dixon. Behind them, one represents the Silicon Valley venture capital industry and the other represents Wall Street. With the two companies working together, it would be unreasonable if Feiyan Technology could no longer be launched on the market.
"In terms of public relations and lobbying, Sequoia Investments will handle it, and the Nasdaq Securities Commission will handle it..."
Moritz said, looking in the direction of Dickson, Dick After hearing this, Sen directly took over, "The Nasdaq Securities Review Committee will be handled by Citi!"
"Before Feiyan Technology goes public, it must ensure that there are no surprises in its performance. Himalaya Radio's Internet Business, users, clicks, visits, revenue, etc. must also be improved! ”
Moritz explained to Feiyan Technology that Sequoia Investment should not be too familiar with how to run a company to be listed. In recent years, there have been not 200 companies listed by Sequoia Investment, but nearly 70 or 80. In this regard, Too much experience.
……
“According to Yahoo website news, Feiyan Technology, the parent company of Himalayan Radio, a technology company from Asia, completed a financing of US$375 million, creating a new era in the history of the global Internet. The largest financing record!”
In the past, traditional media were the first to report the news, but this time, it was reported by Yahoo first. After it was reprinted by a California television station, the news began to spread wildly in America. stand up.
(End of this chapter)