Back to 1995

Chapter 163
For the proposal of Double-click Company, the financing of 6000 million US dollars, the public offering of 500 million shares, is equivalent to listing at a price of [-] US dollars per share, and once listed, it has reached an astonishing market value of [-] million US dollars!
Although Deutsche Bank and Merrill Lynch are not in the same trough, and Edison doesn't like Goldman Sachs, but at this time, the three major Wall Street investment banks behaved very tacitly.

"Song, within one year, the double-click company's stock price is lower than the issue price, and the double-click board of directors must write the repurchase agreement into the underwriting agreement!"

Pellet Greene said that he had obviously agreed to such a proposal, and Goldman Sachs also agreed to Double-Click's $[-] million valuation!
After Double-click reached an initial agreement with the three investment banks, a double-click major shareholder conference call was held immediately. This conference call brought Double-click's two major shareholders, WPP Group and Yahoo, to vote.

As a major shareholder of DoubleClick holding more than 62% of the shares, Song Yang naturally has the right to decide DoubleClick's future, but the process still needs to be followed. Song Yang doesn't care about rumors of being arbitrary and overbearing. But the face project, more or less still needs to be brushed up.

On the side of WPP Group, Martin Solo personally participated in the conference call and invested in Double-click Company, which is Martin Solo's proud work.

Before the conference call, Song Yang had a conversation with the major shareholder WPP Group, which holds more than 25% of the shares of Double-click. After all, Double-click is still a part of WPP’s advertising empire in name, and Song Yang didn’t want to offend Martin Solo, a leader in the advertising industry. Emperor.

Hearing that Double-Click would be listed at a valuation of US$[-] million, Martin Solo's laughter seemed to be heard across the Atlantic.

"Song, I knew that you would not let me and WPP Group down. WPP Group fully supports your decision. WPP Group can sign the repurchase agreement that guarantees the stock price!"

"When DoubleTap goes public, I'll be in New York in person."

Martin Solo said in a good mood, can it be good? Last year, he got 1000% equity of Double-click for 25 and 5000 million US dollars. In just one year, the value of this share soared to [-] million US dollars. , a full tenfold increase!
A double-click investment will be a jewel in the history of Martin Solo's mergers and acquisitions, and it will definitely be touted by the media, making Martin's "King of Mergers and Acquisitions" crown even brighter.

And Martin personally participated in the bell-ringing ceremony of Double-click, and also told the outside world the relationship between WPP Group and Double-click. Since investing in Double-click last year, WPP Group has inserted the wings of the Internet, and the WPP Group, which is stained with Internet concept stocks, has skyrocketed A wave!
Both WPP Group and Yahoo participated in this double-click IPO conference call. Martin Solo of WPP Group participated in person. He expressed his full support for the management of Whitman and other managements at the beginning, and he directly stood with Song Yang.

On the other side of Yahoo, President Coorg, Brady, and founder Ferro participated. Yang Zhiyuan is currently busy with road shows everywhere. He is being made a god by Yahoo, so he shows up everywhere in major cities in America and participates in TV interviews. Wait, the name of Chief Yahoo is already well-known by American people, just like Anderson representing Netscape, Yang Zhiyuan has also become a totem representing Yahoo.

At the beginning of the meeting, WPP Group, the second largest shareholder, stood with Song Yang, the largest shareholder, and exchanged shares with Double-click, and Yahoo, which got 13% of Double-click shares, in this conference call, Basically, it can only be used as a candle without a word.

However, when he heard that the double-click would be listed at a valuation of [-] million US dollars, which would exceed Yahoo's valuation, Coorg couldn't help but screamed.

In the conference room of Yahoo’s office building, when he heard that Double-Click’s board of directors wanted to guarantee Double-Click’s stock price and raise the stock price, Coorg couldn’t help but cursed in a low voice, “These crazy people!”

Brady shook his head helplessly. Yahoo did not dare to play this trick. Song Yang was the absolute majority shareholder of Double-Click. What he decided could represent Double-Click. But Yahoo was different. The largest shareholder of Yahoo was Softbank, and Sequoia, Morgan and other institutions, followed by the two founders Yang Zhiyuan and Filo, how could those institutions guarantee Yahoo's stock price.

"Double-clicking the board of directors will start the equity reward for all employees. In addition, the board of directors will reward President Whitman, President Ryan, Manager Greck, and Manager Irene with partial equity!"

Song Yang said on the phone that this was agreed a long time ago. The entire double-click board of directors, including Song Yang, WPP Group and Yahoo, jointly transferred part of the equity to Whitman, double-click executives and important staff.

This is the habit of Silicon Valley, and WPP Group and Yahoo will naturally not object.

Hearing that he was going to get an equity reward, Ryan in the conference room felt a big rock in his heart. He could get 5% of the equity reward. If calculated according to the market value of [-] million US dollars, Ryan directly became a billionaire worth ten million dollars. Meidao's new generation of Internet tycoons!

Think about what kind of life he lived more than a year ago, and a year later, his worth may directly soar to 3000 million US dollars. This is the myth of wealth creation on the Internet, and it has no reason at all.

The conference call lasted for a long time. There were New York reporters who heard the news and came to the Double-click company to inquire about the news. Until the sky darkened, the executives to be interviewed did not come out of the building.

The most important thing is the equity reward. Whitman and Ryan did not say that Ryan has made great contributions to Double-click. Double-click can achieve a balance of income when other Internet companies are in a mess. It is inseparable from Ryan's efforts.

And Whitman is the head of Double-click. After Double-click goes public, it depends entirely on her at the helm, and it cannot be separated from her at all.Whitman and Ryan each received 5% of the shares from the double-click board of directors.

Then there was Double-Click's chief legal officer, who was also Song Yang's cheap uncle, Greg. Everyone present knew that Greg, like the same, came from the Bruno family.

So when Song Yang proposed to give Greg a 3% double-click equity, even though Yahoo was a little dissatisfied, Coorg did not object. Blocking the equity reward for Greg was equivalent to turning against Song Yang directly.

What is controversial is that Irene is given 1% of the equity and all employees are rewarded with equity. Yahoo is really unwilling. According to such a generous equity reward, Song Yang, the major shareholder, is fine. After diluting the equity, what the hell? Is the major shareholder.

But the double-click equity in the hands of Yahoo Teme will be reduced by more than half. Kuger said on the phone, "Song, I also agree to reward the employees of the double-click company, but it doesn't have to be as big as 10%." Equity rewards for all employees, except for management equity rewards, the rest of the staff can issue bonuses!"

When Song Yang heard this, the corner of his mouth twitched. When it was his turn to dilute Yahoo's shareholding, Yahoo was unwilling, but when Yahoo f*cked to play tricks on Song Yang's side, it was not lenient at all.

Yahoo also raised funds before going public, and also diluted the Yahoo equity held by Double-Click, from 5% to 4.6%. Double-Click got only a few million dollars in cash. Then bullshit!
The reason why Song Yang distributed a large amount of equity to the executives and employees of Double-click Company is to dilute the equity of Double-click Company held by WPP Group and Yahoo.

After the listing, Song Yang will definitely need to cash out, but after cashing out, in order to maintain control over the Double-click company, he needs to let other major shareholders have fewer shares in Double-click!
It took a long time to give the executives and employees of the double-click company the amount of equity rewards. WPP Group also had some criticisms. In addition to giving Whitman and Ryan each 5% of the equity, they also gave Greck 3 %, Irene will get 1% equity reward, and then give other double-click personnel 6% equity reward and some cash!

That is to say, the double-click board of directors composed of Song Yang, WPP Group and Yahoo jointly gave up 20% of the shares to Whitman and other executives and employees of Double-click.

This equity award means that Song Yang needs to give up nearly 7% of the equity, but he is still the undisputed largest shareholder of Double-click, while WPP Group’s shareholding has dropped to 18%, and Yahoo’s is around 9%. , although it is still a major shareholder, it cannot threaten Song Yang's status as a major shareholder.

In addition to the transfer of equity, Song Yang also made some adjustments to the double-click equity he held after the conference call. Part of the equity Song Yang put in the American Global Investment Foundation, and the other 5% was put in the Bruno Family Foundation , as the start-up capital of the Bruno Family Foundation.

After the adjustment, Song Yang is still the major shareholder, but it won't be too eye-catching when cashing out or transferring in the future.

The whole meeting lasted for a long time, and it was necessary to determine the publicity strategy, road show route, etc. with the three major institutions of Deutsche Bank and Goldman Sachs.

When the agreement was signed, everyone in the meeting room breathed a sigh of relief, and the champagne that had been prepared long ago was finally opened at this moment.

For those who double-click, apart from the excitement of going public and the feeling brought about by the skyrocketing value, the rest is tiredness.

Song Yang is no exception. After signing the letter and confirming that Double-click is going to be listed, this is the first company that Song Yang personally sent to the market. Song Yang can't tell what it feels like. In the future, there may be more companies in Song Yang's hands. There are many listed companies, and there may even be existences whose market value far exceeds Double-Click, but Double-Click is always a bit special compared to others!

"Congratulations, Song!"

Holding the champagne, Pellet Greene said to Song Yang, congratulating the American upstart in front of him, looking at Song Yang, Pellet Greene couldn't help thinking about Song Yang's worth.

From the Hotmail mailbox, Song Yang directly received nearly [-] million US dollars in cash, and once the double-click was successfully listed, Song Yang's worth would soar by more than [-] million US dollars, plus ICQ, and American Telecom Over there, Pellet Greene made a simple calculation and couldn't help but take a deep breath. If all these things come true, then Song Yang's worth will definitely exceed one billion dollars!

What Forbes should regret most now is that it has announced the wealth list, otherwise Song Yang will definitely be on it!
　There is one more chapter...

　
(End of this chapter)