Chapter 1118 Paulson
It’s another new day.
After exercising step by step and having breakfast, I just arrived at the office.
Li Jinling had already handed over a stack of information.
“Mr. Xu, this is Alibaba’s listing application that I just received.”
The matter of Ali's listing has been discussed since the beginning of this year, and now it has finally been confirmed.
Different from the previous life.
Because he revised the regulations of the Hong Kong Stock Exchange in advance, allowing companies with dual-class share structures to be listed, and allowing unprofitable biotechnology companies to be listed in Hong Kong.
So the listed entities of Alibaba in this life include not only Alibaba, but also Taobao and Yahoo China. The only one excluded from the main business is Alipay.
Alibaba’s total listed capital is 5.05 billion shares, and it plans to issue 1.05 billion shares, with an additional 75 million shares over-alloted.
Of the 1.05 billion shares issued, 87.5% is part of the international placement, while the public offering to retail investors accounts for only 12.5%, or 131.25 million shares. If the public offering is over-allocated by more than 20 times, a public offering clawback mechanism is set to 10%.
Issue price 23.5 Hong Kong dollars, code 1688.
In other words, Alibaba’s total valuation is HK$118.675 billion.
Xu Liang flipped through the pages briefly and put down the information in his hand.
“How much is the total amount of old stocks cashed out?”
"550 million shares. According to the shares held by major investment institutions in Alibaba, we can get half."
"Tell Lao Xia to eat all our shares and wait for Alibaba to go public." Sell it when the time comes."
Li Jinling looked surprised.
She knew very well how much the big boss valued Ali.
In recent years, all information about Ali is A-level.
The priority is second only to the ‘S’ level direct descendants such as Hongmeng and Hanhua.
Generally in this kind of company, the big boss rarely sells equity unless he has to.
After thinking for a while, I somewhat understood.
The collapse of US subprime debt is imminent, and the Hong Kong dollar is deeply tied to the US dollar.
Once a crisis occurs in the United States, Hong Kong will not be able to escape.
All companies' share prices will fall.
Sell now at high prices and buy back the equity when prices fall.
Nothing has changed, and you can still make a lot of money for nothing.
In fact, Xu Liang did think so.
After Alibaba’s shares are unblocked, he will sell some more.
Write down what the big boss said.
"Mr. Xu, this is the invitation I just received. John Paulson, the founder of the Paulson Institute, invites you to a dinner."
"John Paulson? "
"Yes."
Xu Liang rubbed his short stubble, which was glowing with light blue on his chin.
"What time?"
"Tomorrow evening."
"Tell him I will be there on time."
"Yes."
Guarantee Erson Fund is Hanhua's largest partner. When the other party raised its first fund in 2005, Hanhua invested US$200 million. It’s not that I don’t want to invest more, but that the amount of funds raised by the other party is not large in the first place.
200 million already accounts for half of the other party’s total funds raised.
In November 2006, the other party raised a second hedge fund.
Hanhua directly invested US$2 billion.
Both funds are short funds targeting CDOs.
It can be said that the Paulson Fund has the largest investment amount among all the shadow funds that Hanhua cooperates with.
Of course, there are exceptions such as Thiel Funds, Capital Today, etc., and all their hedge fund departments are handed over to Hanhua Management.
It was precisely because of the importance of the other party that Xu Liang agreed.
——
Night.
Manhattan, Upper East Side.
Xu Liang got out of the car and in front of him was a single-family villa that was very rare in this area.
As the core area of Manhattan, land here is very expensive. Most of the residences are townhouses, and the price of a single-family villa is comparable to that of his large flat-floor apartment in Central Park.
Showing the invitation letter to the security personnel at the door, Xu Liang walked through the door and walked into the villa.
The courtyard was decorated with lanterns, singing and dancing, and it was very lively.
A group of middle-aged and bald white men in suits and ties were holding a wine glass in one hand and hugging a thinly-dressed blonde girl in the other. They were talking in groups.
"Xu, I thought you weren't coming!"
John Paulson stood out from the crowd. He was wearing a well-tailored high-end suit, and his sparse hair was carefully taken care of. Extra spirit.
"As the largest LP of the Paulson Fund, you are going to hold a celebration banquet, how can I not come."
The two smiled and hugged.
The guests around were looking curiously at the young Asian man who finally appeared.
Someone recognized Xu Liang and raised a glass to him.
More people were discussing in low voices with the people around them this young Chinese rich man who is famous in American society.
Paulson took Xu Liang aside.
"Xu, there are many big clients here today. After I finish speaking, they may come to you for a chat. I hope you can put in a nice word for me."
Xu Liang instantly understood Paulson’s intention of inviting him over. It turned out that he was using himself as a tool to support and endorse the Paulson Fund.
"Are you planning to raise funds today?"
"The company has received a lot of investment applications recently, and the conditions are very favorable, so I plan to raise another hedge fund."
"Are you planning to raise funds? How much to raise?"
"How about 8 billion U.S. dollars, Xu? If you are interested, I can give Hanhua a share of at least 3 billion U.S. dollars."
"Still prepared. Shorting CDOs? ”
"Of course."
"No problem, Paulson Fund's performance is obvious to all, and smart people know how to choose." Xu Liang said.
Hanhua, which has just raised US$150 billion, is not short of funds.
More importantly, Paulson is one of the top successors to the "Wall Street subprime god" that he plans to promote, making him an excellent target.
Furthermore, with this guy’s ability, you will definitely not lose money by shorting CDOs.
"Haha, Xu, I knew you would definitely agree."
Xu Liang smiled.
After getting him done, Paulson was ready to leave.
There are a bunch of rich guys waiting for him to fool him.
"Xu, today's wine is good. You taste it first, and I'll greet the guests."
"Okay."
Just a moment after watching him leave, a pungent smell of perfume suddenly came.
"Xu, I heard that you are the largest LP of the Paulson Fund?"
Turning his head, a blond woman with heavy makeup appeared in front of her. She was about thirty years old, wearing a low-cut dress, and her balls were unusually plump.
Looking at this woman's face, Xu Liang recalled it carefully and found that he didn't recognize her.
Pay attention to his eyes.
"The whole world knows that Mr. Xu is the best financial investor. I think there is no need for you to hand over your money to outsiders."
"Thank you, Paulson is very Excellent investors, especially in the field of subprime debt, are unparalleled."
The blond woman grinned, "You Orientals are really humble. I have met many financial tycoons, and most of them are private. Very flamboyant.”
"So, I can't be called a boss yet." Xu Liang said calmly.
"You are so humble. As far as I know, Hanhua has just raised 150 billion US dollars."
Xu Liangxian glanced at the woman, "You seem to know me very well?"< br>
“In fact, I know all the major companies on Wall Street very well, because their senior executives are all my clients.”
Xu Liang asked curiously: “What does your company do?”< br>
The woman smiled charmingly.
“Speaking of which, we are still peers, but Mr. Xu runs a search website and I run a model website.
The contracted models on our website have all received high-quality education from Ivy League universities in the United States. Education is also where the most beautiful women in the world gather."
The woman held a business card between her fingers and gently handed it to Xu Liang, saying with deep meaning:
"Specially for this. You Wall Street men relieve your stress.”
Xu Liang was stunned for a moment, then took the business card and glanced at it a few times. Then he looked up and found that the woman had already walked out several steps.
The woman suddenly turned around and said, "My name is Billie, and I hope you can give us more feedback on our website."
Xu Liang shook his head and laughed. He knew who this woman was.
New York’s oldest bustard, Manhattan Mama Sang.
The list of prostitutes/prostitutes released in the previous life directly brought down the governor of New York, and countless high-profile executives on Wall Street trembled.
No wonder they are so familiar with Hanhua. They should regard them as big customers and prepare to expand business, maybe even enterprise-level group buying.
The work on Wall Street is stressful, and sex is unavoidable and an essential topic.
But he is not interested in prostitution. Free prostitution is fine, but paying for it is not good enough.
The most important thing is that he has mental mysophobia.
With a flick of his fingers, the business card in his hand flew accurately into the trash can next to him.
At this time, Paulson's speech also ended.
The guests gave the new financial tycoon the warmest applause, and each of them looked at Paulson more eagerly.
Xu Liang stayed at the party for a while, and people kept coming over to chat with him.
Basically everyone is asking about Hanhua’s US$150 billion financing.
Xu Liang dealt with them one by one.
After a while, entertainment time started.
Billie, who had disappeared for a while, came out of the villa with a group of girls in cool clothes, danced various provocative dances, and showed off her graceful beauty to the old men present. posture.
Paulson and several old men were commenting and mingling.
Xu Liang walked over and said hello to Paulson. Tai also helped him finish standing, and he was ready to leave.
“Xu, you seem a little uncomfortable with these situations?
In fact, these are all normal, high rhythm, sex, cocaine, drugs, this is the culture of Wall Street. "
Paulson said with a smile as he personally sent him out.
"Maybe, but I'm not interested in these. ”
After all, he is still not as fun as these grandsons, and he has a certain moral bottom line in his heart.
In pursuit of excitement, the ghouls on Wall Street have more sex, change wives...what You can do all kinds of bad things.
"Have fun, I'm leaving first."
Patting Paulson on the shoulder, Xu Liang turned around and got in the car.
Watching him leave, Paulson whistled and returned to the villa.
——
Xu Liang is ready to return to China.
Before leaving, he called over Zhang Shizeng, head of Hongyan's New York headquarters, and Chu Gang, president of Hanhua's New York office.
Remind them to guard against arrogance and impetuosity, although they have recently shorted subprime mortgages and made a profit of more than 3 billion US dollars.
But these are just appetizers, the real feast is yet to come.
The global financial crisis caused by U.S. subprime loans will not completely spread in a day, a month, or even a year.
The soaring housing prices and loose credit a few years ago planted a time bomb. Wall Street’s innovations in financial instruments and various saucy operations are equivalent to increasing the dose of the bomb.
Now the fall in house prices has ignited the fuse.
But you need to wait until this long lead is completely burned to the end before you can see the beautiful mushroom cloud rising from the sky above Wall Street and the shock wave sweeping the world.
The longer it simmers, the more lethal the bomb becomes.
“Now more and more forces are paying attention to primary debt, and our long-term layout has reached a critical harvest period.
Now you must stand up for the most critical and final position. , until the final harvest is completed." Xu Liangdao.
"Mr. Xu, don't worry. Even when I sleep, I keep one eye open and stare at the bond market." Zhang Shizeng assured.
“Haha, that’s not necessary.
Everything that needs to be done has been done in advance, and all that’s left is to settle down and don’t be too nervous.”
Chu Gang : “Mr. Xu, once subprime mortgage defaults occur on a large scale, it will inevitably lower the profitability of financial institutions. stock price, so I think we can seek short selling. "
"I agree. HSBC has adjusted its US subprime mortgage reserves to US$10.5 billion. I guess they are in big trouble if they go short. Get huge rewards," Zhang Shizeng agreed.
Xu Liang smiled and said: "HSBC is not the only one that is in big trouble.
The crisis of Freddie Mac and Fannie Mae is much worse than that of HSBC."
Chu Gang's eyes widened. Guang, "Mr. Xu, I think we should enter the market now and try to get ahead of other institutions and eat the fattest bite of meat.
Xu Liang didn't refuse either.
"Just do it according to your own ideas. But remember, the situation is complicated now, so don’t use too high leverage. ”
"Yes."
The two agreed at the same time.
Chu Gang and Zhang Shizeng looked at each other and smiled. They both saw the eagerness on each other's faces, and they felt like they were participating in a major historical process.
This is also the opportunity they have long dreamed of, to step onto a larger trading stage, become a world-renowned fund manager, and show off their ambitions.
——
After Xu Liang's Kunpeng private jet took off from New York, it landed at the Hong Kong Island International Airport after a long-distance flight of more than ten hours.
As soon as I walked down the spiral staircase, I saw the Maybach 57S lined up not far away.
Beside the front of the Maybach stood a woman with long wavy hair, flaming red lips, and a bright red waist skirt.
Looking at him coming down, the woman took off the toad mirror on the tip of her nose, revealing a peerless face that could be both angry and happy.
Xu Liang smiled and opened his arms to greet him.
Many people were watching around him, but he didn't make many ambiguous moves.
I hugged him for a while and then let go.
"Why are you here?"
"I have nothing to do today. I knew that you, a playboy, were coming back, so I stopped by to greet you."
Qiao Yuhui said it calmly. , but the holding hands never let go.
Looking at this arrogant woman, Xu Liang didn't criticize her and took her hand into the car.
"Are the children okay?"
If you don't say they are okay, Qiao Yuhui's accumulated resentment will instantly burst out.
(End of this chapter)