Back to 1995

Chapter 162 The Arabian Nights
The director of securities business sent by Merrill Lynch couldn't help but look at Song Yang after hearing what Pellet Greene said.

The matter of American Telecom also caused quite a stir within Bank of Merrill Lynch. Merrill Lynch, who was known as a Wall Street giant last year, only made a lot of money, but Song Yang made money from American Telecom. In Merrill Lynch, it is equivalent to a huge profit. It is absolutely false to say that Merrill Lynch is not jealous.

If Goldman Sachs is only showing favor to Song Yang, then the executives of Merrill Lynch, who are almost out of breath due to performance pressure, can't wait to please Song Yang, as long as Song Yang can let Merrill Lynch participate in the industries and projects in his hands !

"Song, Stan O'Neill asked me to remind you that those investment companies will not give up easily!"

Before the meeting started, the three major Wall Street investment banks present competed to win over Song Yang, which was a rare scene.

Song Yang nodded, which means he has received the kindness from Goldman Sachs, Merrill Lynch, and Deutsche Bank Investment Bank.

The host of today's meeting room is Whitman, the co-president of Double-click Company, and Song Yang is here today to "observe", but the pricing of Double-click's listed stocks and how much money to raise depends on Song Yang's approval.

As the founder and major shareholder of Double-click, even though Song Yang has delegated a lot of power to the management of Double-click, the power of Double-click is still in Song Yang's hands!
"I'm very glad that everyone can come, and I also thank Deutsche Bank Investment Bank, Goldman Sachs, and Merrill Lynch for being the institutions that can assist the double-click listing!"

Whitman looked at Anshu Jain, Pellet Greene and others in the conference room and said, double-clicking this set of institutions that counsel the listing lineup can be said to be quite luxurious, and the average NASDAQ listed company can It is enough to have the support of an institution such as Goldman Sachs, Merrill Lynch, or Morgan. Double-click directly pulled the three major Wall Street institutions out this time.

"If nothing else, Double Click will be listed on Nasdaq in mid-May 1996."

Yahoo's three major search companies will be listed next month, and Double-click will be listed one month later than Yahoo.

Looking at Anshu, Pellet Greene and others, Whitman said, "Double click here, I hope Deutsche Bank Investment Bank, Goldman Sachs, and Merrill Lynch can promote the double click stock!"

Finding these Wall Street institutions to assist in the listing is not just to let the institutions be responsible for selling stocks and then pay them a large fee. There is a set of procedures in the middle.

Before the listing, these institutions were responsible for touting the double-click company. To put it bluntly, it was speculation. They released various analyst reports and forecasts that were optimistic about the double-click company’s stock. Anyway, on the day of listing, the higher the stock price speculation, the better.

Anshu and Pellet Greene agreed very simply. They are very familiar with Goldman Sachs. Analysts at Goldman Sachs are not too proficient in making various analysis reports and forecasts.

"Once the listing is confirmed, Deutsche Bank Investment Bank can arrange for the double-click company to conduct roadshows in mainland America, London, Frankfurt and other places!"

The road show is to fool more investors into knowing about Double-Click Company, and then pledge to buy Double-Click’s shares, and then take more shares after it goes public.

This thing is similar to gambling. If you win stocks such as Microsoft, Netscape, and Yahoo, you may directly realize financial freedom in a few years, but if you are lucky, you buy the kind that will die when it goes public. Things like bankruptcy or delisting may have to pay for a lifetime pension.

Anshu Jaen said that the three major investment banks together have sent thousands of companies to the market. For Double-click and others, this is a big event, but for the three major investment institutions, it is really a big deal. It's not so strange.

"Goldman Sachs is responsible for the roadshows of DoubleClick in Washington, Boston, Chicago, Salt Lake City and other American mainland midwest coasts!" Pellet Greene said directly.

The people from Merrill Lynch also said, "Merrill Lynch is responsible for the publicity and roadshow of Double Double in cities such as Portland, Atlanta, and Miami on the east coast."

Anshu Jain glared at the Goldman Sachs and Merrill Lynch people. This is obviously crowding out Deutsche Bank Investment Bank. I can go to overseas markets other than America bitterly.

Pellet Greene didn't care about Anshu's eyes at all. Although they were all on Wall Street, the local investment banks in America were in competition with Deutsche Bank Investment Bank and UBS foreign investors!
After the promotion is confirmed, the meeting room will start to become noisy. It is necessary to determine the two most important things for the double-click listing, one is financing, and the other is the stock issue price.

These two things are very important to DoubleClick, and they are also the focus of this meeting.

"Double-click hope, IPO can raise 6000 million US dollars..."

Whitman's voice fell further, and Merrill Lynch's securities director exclaimed, "This amount is too big!"

This year is a period of frenzy for Internet listings. Some well-known Internet companies are rushing to go public. However, the scale of financing is not large, and few of them have raised more than US$5000 million.

Netscape is the ceiling of the Internet industry today, but Netscape's current market value is only $60 billion, which is the result of a stock price that has nearly doubled.

Even Yahoo, with an issue price of only US$13, was listed at a valuation of nearly US$5000 million, and the financing did not exceed US$[-] million. The double-click company was a lion's mouth when it came up.

The financing of 6000 million U.S. dollars, for Deutsche Bank Investment Bank, Goldman Sachs, and Merrill Lynch, each of which sold 2000 million U.S. dollars of stock for Double-click Company, does not seem to be much, but the market and investors, can you Recognition is another matter, if you don't make it right, you have to smash them into their hands.

Anshu Jain and Pellet Greene were also silent, and they didn't want to take risks either!
"Double-click is worth such a financing amount. Now more than 75% of the Internet advertising market in America is provided by Double-click. This year, Double-click will enter the global Internet market advertising market. In the future, more than 40% of the global Internet advertising market will be annually Will be captured by double click!"

Song Yang said to the people from the three major investment banks in the conference room, anyway, Double-Double has no opponent at this time, none of those peers can fight, it is difficult to threaten Double-Double's status, no matter how much you brag, no one can object...

"Song, there are risks. Once the financing is too high and the stock price is too high, once the double-click is listed, investors may find it difficult to accept the double-click stock price!" Anshu Jiaen reminded Song Yang.

Whitman said at this time, "The Internet Advertising Association of America (IAB) has conducted a survey and analysis. In the future, the Internet's advertising market share will grow at a compound rate of more than 35% every year. Double-click is fully capable of supporting its valuation and stock price!"

Anshu, Pellet Greene, and the people from Merrill Lynch were speechless for a while when they heard this. Who the hell didn't know that IAB was double-clicking the company's vest, and they couldn't get any data they wanted. IAB's white paper report is frankly tailor-made for the double-click company.

"Now is the best time for the Internet. The market and investors will support the Internet more and more. Nasdaq will have a second and third Netscape. In the future, it will even far exceed Netscape. There will be Internet companies with the same market capitalization as IBM, and even SUN, Microsoft, and General Electric!"

Song Yang looked at Anshu and the others and said, telling them that there is no need to make a fuss, the current Internet industry is nothing more than Xiaohe's sharp edge, and in the future, there will also be giants at the giant level in this industry, who can compete with Microsoft and GM. Electricity and others snapped their wrists.

Listening to Song Yang's words, Anshu Jain, Pellet Greene and other Wall Street institutions felt like they were listening to the Arabian Nights.

IBM, SUN, Microsoft, and General Weather are all companies with a market value of more than [-] billion dollars. If such a giant can appear in the Internet industry, it means that the Internet industry in America has reached the point of madness!
And if a Wall Street investment bank can bet on such an Internet giant, it can almost be said to be crazy. There is no need to invest more, as long as they can bet on one of them, it will be enough for three to five years!
Looking at the skeptical expressions of Anshu and Pellet Greene in front of them, it was obvious that poisonous chicken soup was of no use to them.

Song Yang talked with Whitman, Ryan, Greck, Marcus and others in a low voice, and then said, "Double-click hopes to raise 10% of the equity, issue 500 million shares publicly, and raise 6000 million yuan." Meidao is listed!"

"Double-click's board of directors is willing to launch a repurchase plan if the share price of Double-click is lower than the issue price within one year of its listing!"

Hearing this, the executives of several major investment banks in the conference room couldn't help showing surprise at this time. On the one hand, they were amazed that the double-click company really dared to ask for a price. According to the double-click issue of 10% equity, financing 6000 million US dollars Knife is listed, then Double-click will be listed at an astonishing valuation of [-] million US dollars!
This is almost a new high in the valuation of American Internet when it was listed. You must know that the stock price will skyrocket on the day of listing, which means that the market value of Double-click may usher in an explosion after listing.

On the other hand, if the double-click board of directors headed by Song Yang can really give double-click stock prices a bottom line, on the one hand, it shows that they are optimistic about the future of double-click, but on the other hand, they must take risks. If the Internet market in the next year does not Well, that's about to get to the point!

Ryan, Greg and other people who hold double-click shares are a little worried about Song Yang's conditions at this time.

Song Yang, on the other hand, didn't have any worries. Making this promise was just a leek for buying double-click stocks. No, it was just a reassurance for investors.

In fact, even if it double-clicks to go public, Song Yang, a major shareholder, will have to wait for more than a year if he wants to cash out, and the next NASDAQ will be the first big bull market in the history of the Internet industry. The market value of 2000 million US dollars has soared to more than [-] billion US dollars, Song Yang has nothing to worry about.

Double-clicking the stock price is really going to drop, so Song Yang will choose to take the bottom line, and he will definitely not be able to pay anyway!

(End of this chapter)