Reborn as a tycoon in Hong Kong

When people from Goldman Sachs arrived, when Lin Baicheng chatted with them, he also told them about the acquisition.

"Mr. Allen, don't worry. We at Goldman Sachs have the largest and most professional team in the United States. We will definitely be able to provide you with a plan that is most satisfactory to you and help you complete the acquisition."

It was not Wade Thomas who made the noise, but Sean Dana, the vice president of Goldman Sachs. This time he and Wade Thomas came to the Galaxy Gaming Company party.

Since it is a party where all shareholders are invited, Goldman Sachs must send a more important senior executive.

"I believe in the strength of Goldman Sachs, so I will wait for Goldman Sachs' acquisition plan."

Lin Baicheng smiled, said that he was going to entertain others, and then left.

After he left, Sean Dana said to Wade Thomas: "Thomas, Mr. Allen said he also found Citigroup. He is a big customer of our company. You usually have to maintain your friendship with Mr. Allen, but We can’t let him be poached by Citigroup.”

As for the acquisition, Sean Dana didn't say much because he would leave it to the acquisitions and mergers and acquisitions department.

"Allen and I hang out a lot and have a good relationship. I will maintain my friendship with him."

Wade Thomas nodded to express his understanding. There was no need for Sean Dana to tell him that he would maintain a friendly relationship with Lin Baicheng. This was his personal network.

To put it bluntly, with a big capitalist like Lin Baicheng as his friend, even if Wade Thomas leaves Goldman Sachs one day, with these connections, he will have great potential whether he goes to other investment banks or starts his own company.

Sean Dana nodded when he heard this and said nothing more. He believed that Wade Thomas was a smart man and there was no need for him to teach him how to maintain connections.

"After the party starts, we will find a chance to chat with Mr. Allen."

"good."

Wade Thomas responded.

"Lawrence from Citigroup is here, let's go meet him."

Sean Dana said, and walked towards Derren Lawrence who was also walking with a smile.

"Mr. Thomas! Mr. Dana!"

Derren Lawrence raised his glass and said hello. Both of them were senior executives of Goldman Sachs. As the vice president of rival Citigroup, it was certainly impossible for Derren Lawrence not to know about the two of them. Just like the executives of Goldman Sachs, he knew the senior executives of Citigroup. Everyone is the same.

Know yourself and your enemy and you will never be in danger of a hundred battles. Although the United States does not have this saying, the meaning is understood.

"Mr. Lawrence."

Sean Dana raised his glass and said with a smile: "Mr. Allen just said that we have an acquisition to be entrusted to Goldman Sachs. Goldman Sachs has the most professional team in this area and is a shareholder of the Telephone and Telegraph Company. I believe that Goldman Sachs will The proposed acquisition plan will definitely satisfy Mr. Allen.”

"Mr. Allen also entrusted Citigroup, and Citigroup is also a shareholder of the Telephone and Telegraph Company. As for the team, I don't think Citigroup's team will lose to Goldman Sachs, don't you think?"

Derren Lawrence immediately responded tit-for-tat. Putting aside his thoughts on long-term friendship with Lin Baicheng, the benefits that this acquisition alone could bring were enough to make Citigroup's heart beat, and it had to beat Goldman Sachs.

Sean Dana immediately said: "Citigroup's team is still not as good as Goldman Sachs. This can be seen from the fact that Goldman Sachs' revenue and profits have been higher than Citigroup's in recent years."

"This is just a temporary ups and downs. In the past, when Citi also had higher revenue and profits than Goldman Sachs, the temporary victory or defeat does not mean anything." Derren Lawrence smiled nonchalantly.

"At least it shows that Goldman Sachs' current team is better than Citigroup's current team."

Sean Dana not only said this to Derren Lawrence, he also told Lin Baicheng and other people who had the possibility of cooperation, to put Goldman Sachs above Citigroup, so that the possibility of everyone choosing Goldman Sachs would increase. Greatly increased.

“Citi’s team has always been the best.”

Derren Lawrence narrowed his eyes slightly, feeling very unhappy but helpless. There is no way, what the other party said is the truth. Goldman Sachs's performance has indeed been better than Citigroup's in recent years. Even if you want to refute it, you can't refute it. I feel unsure.

"As Mr. Allen is a major client of Goldman Sachs, we at Goldman Sachs will provide the best service to Mr. Allen. We at Goldman Sachs will handle this acquisition well for Mr. Allen."

Sean Dana smiled proudly and changed the subject without saying that Goldman Sachs' team was better than Citigroup's team. How could he not know what Citi was thinking? Lin Baicheng was a major customer of Goldman Sachs. How could Goldman Sachs just watch a major customer being poached away?

"Then we'll see."

Derren Lawrence did not say harsh words, but he was more determined to get this deal done so that Lin Baicheng and the outside world could see Citi's capabilities, lest the outside world really think that Goldman Sachs is the number one on Wall Street and will go to Goldman Sachs in the future. Cooperated.

On Wall Street, it is true that Goldman Sachs and Citigroup are competitors, but sometimes they are partners. It can be said that there is competition within cooperation, and there is cooperation within competition, so no one will quarrel with each other.

Therefore, although Derren Lawrence was very unhappy, he did not walk away, but hypocritically chatted with Sean Dana.

After chatting for a while, Sean Dana said: "Mr. Lawrence, what do you think of Citigroup about New Century Software Company?"

"Huh? What does Mr. Dana mean?"

Derren Lawrence couldn't help but feel moved when he heard this. When New Century Software Company raised funds last August, it was led by Goldman Sachs and Citigroup. Each of them held 5% of the shares of New Century Software Company. Apart from Lin Baicheng, The second largest shareholder.

New Century Software's performance last year was also very good, with revenue exceeding US$200 million and profit exceeding US$100 million. Even after deducting the expenditure on purchasing office buildings, the net profit would still have more than US$60 million left.

New Century Software's pre-financing valuation was US$550 million, and its post-financing valuation was US$660 million. The company's performance last year had a significant increase compared with the previous year, so Wall Street institutions did not value New Century Software. If it is less than US$800 million, Goldman Sachs and Citigroup, which hold shares, value the company at US$920 million.

Goldman Sachs and Citigroup are shareholders of New Century Software Company, and they will definitely try to increase the valuation of New Century Software Company as much as possible, so that their investment can earn more in terms of paper profits.

When Goldman Sachs and Citigroup participated in the financing of New Century Software, they spent US$27.5 million to obtain 5% of the shares. If the company is currently valued at US$920 million, it would be worth US$46 million. The two companies each had a book profit of US$18.5 million.

The reason why it is said to be a book profit is because the valuation of US$920 million was made by Goldman Sachs and Citigroup themselves, and not everyone agrees with it. Furthermore, New Century Software has not yet been listed, and it is difficult to exchange the shares held by the two companies. into cash of corresponding value.

"New Century Software's performance last year was so good, and the company has been in business for more than a year. I think it's time for New Century Software to go public. After all, the number of computer users in the United States and even the world is limited, and the number of users who need office software is limited. Less."

Sean Dana spread the word and said that in order to promote the listing of New Century Software Company, Goldman Sachs and Citigroup must cooperate, and even contact other shareholders to convince Lin Baicheng.

As for coercion, that is impossible. Lin Baicheng is the largest shareholder of New Century Software Company. If he firmly disagrees with allowing New Century Software Company to be listed now, there is nothing that institutions such as Goldman Sachs and Citigroup can do.

"New Century Software's performance is now very good. It is indeed a better choice to go public when the performance is good."

Derren Lawrence did not object, but Citi has Citi’s judgment. In Citi’s view, as IBM enters the personal computer market, the personal computer market will be expanded, and more people will use personal computers in the future, and these incremental markets There must be some potential customers of office software.

In Citi's view, New Century Software's performance will not be bad as long as there are no competitors for office software.

Of course, the performance is not bad at all, but this is just an expectation, so Citigroup will not object to New Century Software going public now. After the company is listed, Citigroup will have more initiative. If it wants to hold the shares, it can hold them. If it feels that New Century Software's performance will deteriorate, it can always cash in through the secondary market.

Furthermore, if the IPO of New Century Software Company is handed over to Citigroup, Citigroup can earn an underwriting fee first.

Of course, Goldman Sachs is also a shareholder of New Century Software Company. If the company IPOs, Goldman Sachs will definitely not give up this opportunity. Therefore, the two are competitors. At that time, the most likely thing is to become the underwriter of New Century Software Company's IPO together and make less money. Some.

Sean Dana said: "Since Citi also means this, let's find a time to chat with Mr. Allen after the party starts. If we want New Century Software to go on the market, we need to talk to Mr. Allen." "

"Okay, let's all come together then."

Derren Lawrence did not refuse, and he was not even prepared to do anything. After all, this matter really requires the cooperation of both parties, rather than holding each other back.

After settling this matter, the two parties separated. After all, they each needed to socialize.

At seven o'clock in the evening, the party officially started.

Lin Baicheng simply made some speeches and then chatted with the shareholders of Galaxy Games.

Lin Baicheng told shareholders that after the sales restriction of Galaxy Games expires, he will not reduce his holdings through the secondary market. Even if he wants to sell, he will sell it to other institutions. Reducing his holdings through block transactions will have no impact on the stock price. If the situation is too big, Goldman Sachs and other institutions will have to reduce their shareholdings and handle it themselves. He will ask the company management to cooperate with them as much as possible.

Yes, Lin Baicheng asked the management of Galaxy Games to try their best to cooperate with Goldman Sachs and other institutions in shipping. It may seem like insider trading, but this is actually an unspoken rule, and it does no harm to him.

The purpose of institutions participating in corporate financing is to make money, to allow the institution to withdraw from the company easily and smoothly, and to make money for the institution. In this way, if Lin Baicheng still has companies that need financing in the future, the institution will definitely be willing to continue to cooperate with him.

Otherwise, if Goldman Sachs and other institutions participate in the financing of a company under Lin Baicheng's name, the company will suffer losses and the institution's money will be wasted. You will see if the institution is still willing to cooperate with Lin Baicheng next time. Even if it is willing, it will continue to push the company down. Valuation.

On the contrary, if the institutions that participate in equity financing have made money, they will definitely be willing to continue to cooperate with Lin Baicheng next time. Lin Baicheng's company will have an easier time financing and can obtain a higher valuation.

Of course, asking company management to cooperate with Goldman Sachs and other institutions as much as possible does not mean unconditional cooperation. False news will never be released. After all, if it is found out, it will bear legal responsibility.

"Mr. Smith, are you prepared to sell the stocks you hold after the sales restriction expires?"

While the shareholders were chatting, Iwasaki Mineryu asked Phil Smith beside him.

"I'm going to take another look."

Phil Smith did not hide his plans: "I don't hold many shares, so I'm not in a hurry. So I'm going to see what Allen does. If he reduces his holdings in a large amount, then I will sell them." ; If he only sells a small part, then I will continue to hold it for a long time."

"Lin Jun's ability is still worthy of trust."

Iwasaki Mineryu nodded slightly, thinking that if Goldman Sachs and other institutions reduced their holdings, the stock price would definitely adjust. Once the stock price of Galaxy Games rises a little further, he can completely reduce his holdings and buy back the reduced holdings after the correction, treating it as a short-term difference.

Looking at the institutions, Phil Smith said: "The stock price of Galaxy Games has more than doubled compared to when it was listed. Goldman Sachs and other institutions are holding a lower price than the listing price, so after the sale limit expires, the price will be reduced." The possibility of holding is very high. According to Wall Street’s style, they must reduce their holdings while raising the stock price. This will not only allow them to reduce their holdings smoothly, but also sell them at a good price.”

"It's no surprise that this is the case."

Iwasaki Mineryu also guessed that this would be the case.

Looking at Mineryu Iwasaki, Phil Smith suddenly said: "The Zhonghe Game Company established by Allen and us will start its second round of financing in the second half of this year. If Mr. Iwasaki is interested, you can come and take a look. "

Zhonghe Game Company only raised funds last year. It is not very short of money, but it is not rich. Moreover, in the company's listing plan, it is best for the company to conduct three rounds of financing before going public, so that the company can raise more funds. Funds, more funds can be invested in game research and development.

The more investments you make and the more games you develop, the more likely it is that the company's performance will be better, its listing will be smoother, and it will also have a higher valuation when it goes public.

Every financing needs someone to subscribe. Phil Smith doesn't care that Iwasaki Mineryu is Japanese, as long as Iwasaki Mineryu can spend money to participate in the financing.

"Of course I'm interested. If Zhonghe Game Company is ready to raise funds then, please be sure to let me know."

Of course, Iwasaki Mineryu would not refuse. Even if he did not want to participate in financing, he would not refuse outright. That would be too offending.

Furthermore, this is a company that Lin Baicheng also participated in investing in, and it is also a game company. Looking at the current market value of Galaxy Games, you will know that the game company has great potential, and Iwasaki Mineryu is indeed interested.

Of course, whether Zhonghe Game Company is worth participating in equity financing or not, we will need to conduct research and carefully consider the judgment at that time, rather than making a decision in one head.