My Age of Investment

  Chapter 177 The dust settles (the leader adds 310)

  After signing the investment intention agreement, Xia Jingxing drove Andrew on the car and came to the villa area in Pacific Heights.

  After half a year, revisit the old place!

  The purpose is still the same, borrow money!

  Liu Jinhang sat in the Grand Master’s chair in the meeting room, sipping tea, and listening to Xia Jingxing’s narration of the purpose of coming.

  "5 million U.S. dollars, plus the previous 5 million U.S. dollars, is 10 million U.S. dollars, which is not a small sum for First Securities."

After listening to Xia Jingxing's words, Liu Jinhang took a sip of tea and smiled faintly.

  Xia Jingxing knew that the old man was deliberately squeezing again, and said with a smile: "Mr. Liu should have been paying attention to the stock price of Amicco. Today's stock price is more than $25. I hold 1.08 million shares and the market value of the position exceeds 27 million U.S. dollars.

  Even after deducting the US$5 million loan from First Securities, there are still more than US$22 million in net assets.

  Mr. Liu loaned me another 5 million US dollars, afraid that I might not get away? "

   Liu Jinhang waved his hand, "Mr. Xia, you misunderstood, I didn’t mean that.

  Don’t say it’s a loan of 5 million US dollars, or 10 million US dollars, I dare to lend you.

  Axel’s due diligence team has approached us and learned about your personal equity pledge.

   Facebook’s Series A financing should be almost completed, right? "

  Xia Jingxing didn’t know what the old man was asking for, and there was no need to hide it. At the same time, he could show his wealth, so he nodded and said: “Yes, the formal delivery will be made in a few days, and the post-investment valuation is 560 million US dollars.”

  Liu Jinhang has a wonderful expression on his face, complimenting him: “It’s really a hero when he was born a boy, it’s amazing...”

   "Mr. Liu passed the award, First Securities is developing very well, and you can cooperate with Facebook in the future...

  The first stock account and mutual fund account of college students can be opened at First Securities! "

After a while of business exchanges, Liu Jinhang finally returned to the topic and talked about borrowing.

  He looked at Xia Jingxing with great interest and smiled and said, "How long does Mr. Xia plan to borrow this money?"

  "Because there is a one-year lock-up period for the block trade of Amicco stock, let's borrow it for half a year or a year!"

  Xia Jingxing actually wants to borrow a three-year or five-year one, because compared to the stock price increase, a little interest money is not a big deal at all.

  However, considering the old man’s suspicious temperament, he did not mention too long a loan.

  We can only wait for the development of Facebook to get better, or the assets in the securities account are getting more and more, and then we can discuss with the old man about the loan extension.

  Liu Jinhang nodded, "With such a short loan period, if I have to charge interest, I really feel sorry.

  I’m in charge today. Let Mr. Xia waive the loan interest. It’s still the same as before, an interest-free loan. "

  Xia Jingxing looked at Liu Jinhang, who was looking at him with a smile, the smile on his face almost overflowed.

  Xia Jingxing understood in an instant that this old man had tasted the sweetness of Amicco stock and wanted to trade with him again.

  "This is not so good. How can anyone borrow money without paying interest? Hey, owe favors, it's not good!"

  Xia Jingxing waved her hands reluctantly.

   "Oh! Are you not friends? Why do you see outsiders like that?"

   Liu Jinhang thought that Xia Jingxing was dissatisfied with the price, and then increased his bargaining chips, and said: "Mr. Xia, do you have any idea of ​​setting up a private equity fund?

  First Securities can contribute part of the capital and introduce you to some high-net-worth clients.

  You come to take everyone to invest, everyone makes money, and you can also earn some management fees and profit dividends. "

  Andrew drank tea without talking, watching this interesting transaction quietly.

  The last deal between Xia Jingxing and Liu Jinhang was done by him, and he was too familiar with the routines inside.

  Xia Jingxing was a little tempted by the old man’s proposal, but the time is still immature, he shook his head, "The fund matters, we have to slow down.

  Our investment project this time is actually not suitable for First Securities’ risk appetite. "

  Liu Jinhang thought that Xia Jingxing was hiding himself, he laughed and said, “What project, Mr. Xia, let’s listen to it. It’s okay for everyone to discuss and communicate.

  No matter what the project is, I provide a one-year interest-free loan to Mr. Xia, which can be regarded as a thank you to Mr. Xia for his advice last time. "

  Xia Jingxing pretended to hesitate and said, "Then I'll say it... Let's discuss it?"

  Liu Jinhang raised his hand and gestured, listening intently.

   "I want to invest in electric cars this time!"

  Xia Jingxing smiled and said, "This is a very promising industry..."

  Xia Jing, let's go, let's go a lot, Liu Jinhang was shocked.

  He frowned, "Electric car, Mr. Xia, you have to think clearly!"

  Liu Jinhang started a securities company and has researched the development of various industries.

  He doesn’t know much about electric vehicles, but he also knows that the entire industry was hit hard last year.

  He couldn't figure out why Xia Jingxing was interested in such a promising industry?

  Is this still the "young stock god"?

  "The greater the risk, the higher the return! The industry that everyone can't appreciate or understand now is a depression in value that is worthy of bottom-hunting!"

  Xia Jingxing holds her chest with her hands, and looks very optimistic about the electric vehicle industry.

  Liu Jinhang is not as enthusiastic as he was just now. He thought that Xia Jingxing had found another good opportunity, and it turned out to be an electric car.

  This risk is too great to touch!

  After a few more conversations, the two began to sign the loan agreement.

  The loan period is one year Xia Jingxing naturally chooses. After all, there are advantages that do not take the bastard.

  Liu Jinhang did not turn back, so he wiped out the interest for Xia Jingxing.

  After leaving the villa, Andrew gave Xia Jingxing a thumbs up, "Awesome, the old man guesses that his intestines are regrettable now."

   "Compared to what he earned from me, it's all just a small amount of money."

  In spite of this, Xia Jingxing still thinks that the old man should be a little bit emotional. After all, the "investment information" he provided is of no value to him.

  After the big deal, when Tesla is mass-produced, I will give the old man an electric sports car.

  I wonder if the old man will be more angry? Smashed the car?

  ……

  ……

  After the loan of 5 million US dollars was received, Xia Jingxing first transferred 1.44 million US dollars to Scap Company and settled the additional investment funds, because the due diligence over there was completed, and he was rushed.

  Next, he sold 120,000 shares of Amicco at an average price of US$24.62 per share and received more than US$2.95 million in funds.

   still has 960,000 shares left in his hand, no more shares, and continue to hold.

  The due diligence team composed of Andrew and two venture capital institutions took a week to perform a simple due diligence on Tesla.

  The main content of the investigation is Tesla’s financial situation and intellectual property rights, to see if there are any huge debts and whether there are problems with intellectual property rights.

  Tesla has indeed reached the end of the world, with tens of thousands of dollars left on the account, zero revenue, and the employees’ wages last month are still in arrears and have not been paid.

  Xia Jingxing didn't care much about these small problems.

  He cares about the existing motor design and AC drive authorized technology of the Tesla team.

  He didn’t understand motor-related technology, and Andrew didn’t understand it. Finally, he asked Old Man John to introduce a Stanford electrical professor to pay to help with due diligence.

   After confirming that there was no major problem with Tesla, Xia Jingxing did not delay any more and signed a formal investment agreement with the two venture capital institutions, Compass and SDL, and Tesla’s founding team.

  He personally invested 6.3 million U.S. dollars, two venture capital institutions each had 600,000 U.S. dollars, and the three had a total of 7.5 million U.S. dollars to jointly inject Tesla.

After completing this round of financing, he personally holds 42% of Tesla's shares and is the largest shareholder, chairman and co-founder.

  The two venture capital institutions each account for 4% of the shares. They are purely financial investments and have no board seats.

  Eberhard and Tarpening’s shareholdings have dropped to 27.5% and 12.5%, respectively, ranking the company’s second and third largest shareholders.

  Finally, 10% of the option pool belongs to employees.

  When everything was settled, Xia Jingxing finally felt relieved.

  He did not rush to urge Tesla to quickly engage in research and development, and quickly launch prototypes.

  Instead, I had a frank talk with the two original Tesla founders, and determined Tesla’s next development policy-first forming a team and recruiting troops.

  Next, Tesla's first stop came to Stanford University, because this university has a well-known solar car club composed of a group of young people who love new energy technology and cars.

  A member of the solar car club named Gene Bodicevsky, after hearing Eberhard’s magnificent blueprint for Tesla, became extremely excited and felt that he had found a new direction in his life.

  The Stanford undergraduate said on the spot that he was willing to drop out and clean up Tesla for free.

  　Reward thank you list: Book Friends 20201009194742567, Qinghe Sword Fairy, AHRY Ha Hu, Book Friends 20171201150846437, Pippi Shovel, Penglai Guangjiao, Professional Demon Repairer, Torn Skin Mantou

  (End of this chapter)