Font
Large
Medium
Small
Night
Prev Index    Favorite Next

Chapter 263 Unprecedented grand occasion

That night, a rumor spread on Wall Street.

"Have you heard that? Buffett personally visited the chairman of the board of directors of Meigou.com. He should be buying shares of Meigou.com!"

"Hey, have you heard that? Buffett met with the Meigou online roadshow team. Berkshire has applied for the Meigou stock!"

"You don't know yet? Buffett has bought shares in Meigou.com! Why are we hesitating? Let's go queue up early tomorrow morning."

"Berkshire has applied for at least 100 million shares of USG.com! There is not much left, so I wonder if we can grab it tomorrow."

"Have you heard that Buffett wants to cover all the 350 million shares of the public financing of the USG.com this time. This old man is too greedy and doesn't leave any soup for us. No, I will go to protest to USG.com tomorrow!"

...

The rumors are like this, the more it spreads, the more outrageous it became. Later, the meeting between Buffett and Wang Ye turned out to be cancelled, because Berkshire bought all 350 million shares!

Many people can't sit still now and contacted the contact person for Citibank's roadshow event.

After the contact person's repeated assurance, he swears that Berkshire does intend to subscribe to shares in Mego.com, but there is nothing to say about it.

With Citi's efforts to explain, everyone felt at ease, but in the investment circles across the United States, everyone knows this roadshow on the American Shopping Network.

Red Bull Capital's Bruce and Boole also heard the news.

"Hi, Boole, Buffett is really going to buy shares in Mego.com. This is a huge news!" Bruce said excitedly.

Boer shrugged: "He has bought a lot of stocks."

"But you also need to know that the stocks Buffett bought are basically bullish, not to mention that this time, Meigou.com is an Internet company! Everyone knows that Buffett doesn't like buying Internet company stocks." Bruce defended.

"But he has bought Amazon, which is a standard Internet company." Boer said with a smile.

"How much has Amazon increased in recent years?" Bruce retorted.

He glanced at Boer and thought to himself that this kid was really unaware of such an obvious thing. No wonder he hadn't made much money in the several investments he proposed this year. If Boerra hadn't had a strong ability to fire him, Bruce would have fired him long ago.

Boer seemed to wake up from a dream and slapped his head: "Yes! Buffett has invested in an Internet company, that is Amazon! Amazon's stock price has risen outrageously in recent years! Meigou.com is the second Internet company he invested in. It seems that he is very optimistic about this company. Will Meigou.com be Amazon's second?"

"It's not Amazon's second place, but Amazon in China, and their business models are similar." Bruce explained patiently.

"So should we raise the subscription price for US Shopping Network and increase investment!" Boole suggested.

Bruce moaned, and the guy finally realized it!

...

On June 11, Four Seasons Hotel, Upper East Side, New York.

The hotel staff were surprised to find that from 8 o'clock in the morning, many well-dressed people suddenly came.

Most of these people are middle-aged men, all wearing suits and ties, and are handsome, holding briefcases in their hands, gathering in the lounge area in the hotel lobby or in the next cafe.

But I didn't go to the front desk to check in!

As time goes by, the crowds are increasing, and the hotel lobby is very crowded.

"Manager, what's going on today? Why are there so many people? Is there any large event?" The waiter quietly asked the lobby manager.

"Oh, isn't a Chinese company conducting an IPO roadshow today? These people are here to participate in the roadshow." The hotel lobby manager replied casually.

He was thinking about a question: the roadshow started at 9:30, and now it is only 8:30, and so many people have already arrived.

Will there be more people coming later? If that is the case, I will find a way to maintain order on the scene.

As expected, by nine o'clock, more and more people were coming!

The venue for this roadshow is the large conference hall on the 17th floor of the hotel. Now not only the 17th floor is full of people, but even the lobby cannot stand. There are even crowds outside the gate.

"Damn it, we came too late. Now we can't even get into the hotel gate!"

Bruce complained.

He discussed the matter with Boer about the US Shopping Network last night, and he discussed it too late and got up for a while this morning.

As a result, when he drove to the Four Seasons Hotel, he found a long queue in front of the hotel. He knew many people in the queue, obviously they were all those in the investment circle.

No matter how much they complained, Bruce and Boole had to be obediently at the end of the line and waited to enter the field.

...

"Peter, there are a lot more people coming today than we expected!" Citi's on-site staff said to Pitt excitedly.

"Of course, Buffett has a great influence. He was originally optimistic about Meigou.com, but now Buffett has made another big splash." Pete said proudly.

Pitt is of course making it indispensable for Mego.com to allow Citibank to be the lead underwriter. After this incident, he is probably going to be promoted.

It was nine o'clock and I started queuing up to enter the venue.

This large conference room can accommodate 800 people, but today it is obviously more than this number.

Pete quickly contacted the hotel staff and found a way to add some simple chairs on the venue. These people cannot be kept out. Behind each person, there is an investment company, and maybe there are tens of millions or even hundreds of millions of dollars.

Roadshow, this name sounds quite high-end, but in fact it is like a "tea party" in China.

It is the management and prospective investors of Meigou.com. Everyone sit down and have a good chat.

Investors will ask some questions that cannot be seen or explained clearly in the information, and the management of Meigou.com will answer these questions to all the interested investors on the scene.

After Bruce and Boole entered the field, they looked around first, and found Buffett in the middle of the first row.

"Sure enough, the rumors are true. Berkshire really has a strong intention toward the US shopping website. Otherwise, Buffett would not have come forward in person!" Bruce said happily.

The investment circle also likes to ride on the ride. People like Buffett who have already proved themselves are of course "old drivers". This time he drove himself, a small investment company like Red Bull Capital, wouldn't it be better to ride on the ride on the ride?

Sure enough, at the beginning of the roadshow, many questions from interested investors pointed directly at Buffett.

"May I ask, Mr. Buffett's Berkshire has reached an agreement with USG.com to invest in your company. If it is convenient, can you disclose how many shares Berkshire has applied for?"

The first question is about the investment rumor in the circle. If you don’t understand this question, how can you ask anything else?

There is nothing to hide, but Wang Ye is not convenient for him to answer. He smiled and looked at Buffett with an inquiry in his eyes.

Buffett understood and signaled the staff next to him to bring the microphone over.

After taking the microphone, Buffett stood up and turned to the back, and said with a smile: "I should answer this question more appropriate."

"Indeed, after careful research, Berkshire decided to participate in this IPO fundraising of the USG.com. As for the number of shares to be subscribed, 100 million shares! If the price is appropriate, it is not ruled out that there will be more."

There was an uproar on the scene. The IPO of Meigo.com took out a total of 350 million shares for sale.

This is the largest IPO in recent years, and Berkshire has a really big appetite and wants to win 30% of it alone.

"Mr. Buffett, as we all know, you don't like to invest in Internet companies, but you have invested in Amazon. So, do you think Meigou will become the second Amazon?" Another person asked impatiently.

Buffett shook his head and explained: "First of all, I want to correct one point, that is, I think Amazon is not just an Internet company, but in my opinion, it is more like a traditional company. Because Amazon's core competitiveness is not technology, but a huge customer base accumulated over the years!"

"You can think about it. Can such a company be considered a pure Internet company? And Meigou.com has the same characteristics as Amazon!"

"Internet companies like Amazon and Meigou.com are actually just traditional companies wearing the guise of the Internet. Judging from their essence, they are not much different from traditional department stores. However, relying on the Internet, they are equivalent to opening a super-large department store across the country, or even the whole world, which is incomparable to the traditional department store industry!"

Investors on the market were talking about it, which was a unique perspective. It would be understandable if Buffett said this.

Amazon, Meigou.com, and e-commerce platforms such as Alibaba, which have not yet been listed, do not rely on technology as their core competitiveness.

It should be said that these e-commerce companies are the deformations of the traditional trade industry in the Internet era.

No wonder Buffett's Berkshire chose e-commerce companies for two investments in Internet companies. It seems that this is a future investment trend!

After saying that, Buffett sat down, Wang Ye expressed his gratitude to him, and then continued to ask the investors present to ask questions.

"Mr. Wang Ye, what purpose are you in? I designed an equity structure such as AB shares with different rights. What's a bit outrageous is that the voting rights of the Class B shares in your hands are actually 10 times that of Class A shares! Isn't this too exaggerated?"

Wang Ye smiled slightly: "I think this question is easy to understand. No one should know better about the current situation of Meigou.com and its future development than me.

Investors like everyone want rich returns when investing in Meigou.com, rather than wanting to participate in the company's management.
Chapter completed!
Prev Index    Favorite Next