My Age of Investment
Chapter 706: Ways of checks and balances
Chapter 706
Xia Jing walked to the foreign girl, leaned down slightly, and whispered a few words to her.
The foreign girl's blue eyes suddenly widened, quite surprised.
But she quickly recovered her calm and nodded, "Okay, you go, just leave it to me to deal with it."
Xia Jingxing walked quickly to Gates and left the reception with him.
Many people around have noticed this scene, a little surprised, and secretly remembered it.
Gates took Xia Jingxing to the luxurious suite on the top floor of the hotel. As soon as he walked into the house, he saw a tall figure with his back facing them.
This figure is wearing a straight suit, the hair on the back of the head is gray, and the top is slightly shiny.
"Mr. Gates, Mr. Xia, it is nice to meet you."
Laure Berenkvan turned around, walked towards the two with a bright smile, and shook hands with them one by one.
Xia Jingxing looked at Bellan Kefan more. The little old man was in his fifties and his hair was distributed in the Mediterranean. The smile on his face gave people a particularly sincere feeling, which easily made people feel good.
But the most curious thing about him is the old man’s hairstyle. If Musk doesn’t transplant his hair, he should be almost the same as the old man at the moment.
As an old man, there is no shortage of money for hair transplantation at all. It can only be said that the other party does not care about this, and perhaps likes pure nature and pollution-free.
"Mr. Gates, Mr. Xia, please sit down!" Bellan Kefan pointed to the sofa chairs next to him.
After sitting down, Xia Jingxing didn't say a word and didn't want to be too active.
The most proactive person was Gates, the introducer, who laughed and said: "Lawuld, the reception is downstairs. It's fine for you to come directly to participate. It's so mysterious."
Belankfan smiled and waved his hand, “I don’t know that today is the day when Facebook and YouTube are holding a celebration banquet.
After all, he looked at Xia Jingxing, "Mr. Xia, congratulations to you for winning a beautiful battle. I have wine here. Would you like to open a bottle to celebrate?"
Xia Jingxing waved his hand, "This is not necessary! Also, Mr. Bellankfan, you can just call me Darren."
"Okay, then you can just call me Lauder."
After a few words of greeting, Bellan Kefan said straightforwardly: "Dalun, Goldman Sachs is interested in participating in Facebook’s Series C financing."
When Gates had just reported the name of Lauder Bellankvan, Xia Jingxing had basically guessed the purpose of the opponent.
Only Facebook’s Series C financing is worth a special trip from the East Coast for the new CEO of Goldman Sachs.
Berankvan was the CEO promoted last month, and the original CEO Paulson became the Minister of Finance.
Goldman Sachs, an investment bank rich in the US Treasury Secretary, shows its status.
Xia Jingxing smiled, and did not open the door to convenience because the other party was Goldman Sachs. He opened the topic and said: "Laurd, it is a wonderful time for you to choose at this time."
Berlankvan shrugged, “Of course, we have been following Facebook for a long time. The equity pledge loan of Miss Christina is a transaction that we completed by combining several commercial banks.”
Xia Jingxing nodded. Last year, he transferred 10% of the shares in Facebook to the foreign girl. She couldn't get the money, so she asked Goldman Sachs to come forward and match the loan of US$1.025 billion.
According to the situation on Facebook at the time, it was difficult to get loans with such low interest rates and high quotas. Goldman Sachs made great efforts from this.
The price is that Facebook sold the lead underwriter seat to Goldman Sachs in advance.
Goldman Sachs has actually locked in a potential profit in the future, there is no need to deliberately please or deepen the relationship with Facebook.
In particular, investment banks generally engage in intermediary business, and direct investment business is rare.
Xia Jingxing was very curious as to where Bellan Kefan liked Facebook.
"Can I know the reason why you chose Facebook?"
Berankfan nodded, “Of course, I’m surprised by the growth rate of Facebook’s users and the influence it has shown in the recent period.
Although you have already reached a valuation of 24 billion U.S. dollars, I think Facebook will not stop here in the future. It must be an Internet company with a level of 100 billion U.S. dollars. I firmly believe that! "
Belankfan didn’t do so many bells and whistles, the road was simple, and he succinctly stated what he liked about Facebook, and seemed to accidentally point out the valuation of Facebook.
Xia Jingxing smiled and said nothing. Berenkovan’s sharp profit surprised him. The bid price of 24 billion US dollars is actually not high, it can only be said to be a normal level.
None of the many funds that came into contact with Facebook some time ago offered prices lower than this figure.
But those cluttered gangs, seeing Facebook encounter lawsuits, either flashed people, or took the opportunity to lower the offer.
Although this behavior is a normal business behavior, it gives people a very unreliable feeling.
Of course, the selection of investment institutions cannot be based solely on personal likes and dislikes. There are many things to be judged.
The encounter between Facebook and YouTube reminded him that the network of relationships weaving is still not dense enough and not strong enough. Microsoft and Gates are the biggest players, but they lack checks and balances, and they may not necessarily be able to count on them at critical moments.
As a Wall Street hegemon, Goldman Sachs has a great reputation in the United States and the world, and has a deep network of relationships.
Choosing Goldman Sachs as a shareholder can **** the development of Facebook and bring some convenience to Facebook at the level of capital operation such as debt issuance, listing, mergers and acquisitions.
Goldman Sachs is looking for money, while Facebook is fancying each other’s reputation, strength, and resources, and everyone gets what they need.
"I think I have no reason to reject the olive branch offered by Goldman Sachs."
Bellankefan smiled and was about to speak. Xia Jingxing added: "But I have some connections with Morgan Stanley. Some time ago, Mr. Mack Jinhang talked with me about the issuance of bonds for more than an hour. I expressed my intention to invest in Facebook.
It’s just that Facebook was a bit troublesome at the time, and we temporarily shelved this cooperation. "
Belankfan felt a little irritable in his heart. The second-generation immigrant from Lebanon, Mai Jinheng, had a nickname "Blade", and he was vigorous and vigorous. If he saw Facebook, Goldman Sachs would probably not have the chance to vote alone.
Xia Jingxing saw Bellan Kefan silent, and did not urge, and sat quietly waiting for the other party to reply.
Taking advantage of this free time, he glanced at Gates, who smiled at him.
In fact, Gates was a little puzzled in his heart, McGin-Heng really contacted Darren?
He was dubious about it.
Of course, what Xia Jingxing said was a lie. He didn't want Goldman Sachs to invest in Facebook alone. That would be out of balance. An investment bank must counterbalance Goldman Sachs.
In this way, whether it is a bond issue or a listing, the two companies compete with each other, which is the best for Facebook.
In addition, making more friends is also conducive to the development of Facebook.
If it weren’t for the meat, he wanted to call Merrill Lynch and Citigroup together. By then, most of Wall Street would stand behind Facebook. Basically, you don’t have to worry about things like listing pricing and fundraising. There is definitely someone better than Facebook. More positive.
"Well, since our old friends want to participate, let's add them!"
Berlankvan quickly made a decision, and then asked about Facebook’s debt issuance.
Xia Jingxing said: "We plan to issue 500 million US dollars of corporate bonds."
Berlankfan immediately swept all over, “This is no problem at all. It is on our Goldman Sachs. With the reputation of Facebook, there is no worry that such a small amount of bonds can’t be sold.”
Xia Jingxing wanted to laugh a little, so he started to grab business? It just so happens that the competition between the two parties is conducive to lowering prices and bargaining terms.
"Dalun, we at Goldman Sachs plan to invest 2 billion US dollars in Facebook, what do you think?"
(End of this chapter)
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