Chapter 1915 The valuation is too low!
After talking about the offer, Yin Jun and Bill Gates both smiled.
Everyone thinks that they have taken advantage of it, but only Yin Jun knows that he is the one who takes advantage of it.
10% of Microsoft shares will be worth 80 billion US dollars. I can't let go of this wealth.
The two then discussed the Offie development team and finally decided to take this out and establish a department independently, which would be the responsibility of their team. Microsoft only provides them with funds and other guarantees.
In terms of treatment, Kirin Software's treatment is higher than Microsoft. Now that it is transferred to Microsoft, it will definitely not be reduced.
So Bill Gates listed them and operated them separately, and the treatment would be different from Microsoft's headquarters.
Speaking of these companies in Silicon Valley, Microsoft is really not a generous company and is almost not among the top ten companies in the United States.
Compared to Gu Ge and I have no idea how bad the corporate culture is.
This is the same as Apple.
The more than 100 global vice presidents in the hands of Gang Qiao, who resigned every year, have been scolded by him so much that he could not stand the pressure to resign.
Apple's own employee benefits are also unable to improve because Joe Gang only receives $1 a year.
You said that the president only received $1, would you be embarrassed to receive too much?
But that's nonsense.
After Joe Gangmaster sold Pixar to Disney himself, he owned Disney stocks worth more than 4 billion US dollars, and he couldn't use up dividends every year. Of course, he didn't have to get much money from Apple.
Moreover, Apple also has to give him a certain share of stocks based on his achievements every year. With these, he can also become Apple's largest individual shareholder in the future.
Besides, Gang Qiao only received a salary of US$1 per year, but all his business trip expenses and various work expenses are carried out according to the best, and charter flights are all daily.
Such comfortable days are really similar to those of the government employees in our country, and the grade is even higher.
So from this point, we can also see that like Bill Gates, the leader of the Joe, is full of indifferent and selfish people at heart, especially those who treat lower-level employees.
Corauti was also a little excited at this time.
Because after the talk about the offer, it was his turn to show off.
As Goldman Sachs' plenipotentiary representative, he and Bill Gates had dozens of phone calls and several face-to-face meetings.
There is only one purpose, making Goldman Sachs a listed consignor for Microsoft IPO.
But after talking many times, I still failed.
Now Yin Jun is here, so this matter is naturally better to talk about.
At Microsoft, as long as they are dealt with, the listing and underwriting work will be done.
"Mr. Gates, let's talk about Microsoft's listing now!" Collauti couldn't wait.
"good."
It happened that Yin Jun was there too, and Bill Gates thought this was a good opportunity to discuss and learn.
Although Yin Jun’s dozens of companies have never been listed, Bill Gates knows that Yin Jun’s name is definitely not a false reputation.
Let Yin Jun come up with some ideas, which will have greater benefits and benefits for Microsoft's listing.
"We have already told you about Microsoft's current development status and annual sales status. We have detailed charts, and you have already seen it." Collauti said, "We think that a valuation of 1.5 billion US dollars and a 30% stake to go public on the iPo market is a very suitable proportion. In the future, it will be of great benefit to Microsoft's further development in the market."
"You can ask Jun when it comes to taking out shares." Bill Gates raised his hand first, "We discussed 20% of the shares before, and he would take out them all. If he is willing to take out 10%, I agree."
Little fox!
Corouti muttered in his heart, but could only look at Yin Jun helplessly.
Of course, Bill Gates and Paul Allen were happy. According to previous regulations, only Yin Jun's shares were diluted. Their shares could be directly waited until they went public and soared.
Yin Jun has a total of 50% of Microsoft's shares. If he takes out 30%, Yin Jun's shares will only be 20%. Like Paul Allen, it is less than Bill Gates' 30%.
On the surface, this gave Yin Jun the opportunity to leave, but everyone knows that Microsoft has a bright future. The more it takes out, the more it will lose.
"It is impossible to have a 30% stake." Yin Jun said bluntly, "According to Microsoft's rapid development today, I think it is enough to take out 15%. The remaining 5% we give to the company's senior executives and every employee, we must symbolically get 1,000,10,000 shares, so that they can share the joy of the company's growth."
"Well, it's indeed a good idea to give them 5% of the shares." Bill Gates immediately expressed his support for the suggestion.
That's how they did in their previous lives.
After Microsoft went public, Bill Gates had 45% of the shares, Paul Allen had 25% of the shares, and then 5% was given to various executives of the company, and 25% was taken out to IPO to raise funds.
"It is your freedom to allocate the employees as much as you want." Corouti was a little amused and crying, "but the 15% stake in IPO is too small, and it is not enough to share!"
"Why aren't there enough?" Yin Jun said leisurely, "We plan to issue 100 million shares, 15 million shares to IPO. You Qualcomm will take 5 million shares, and the remaining 10 million shares will be handed over to the stock investors in the stock market. It's already good if they can consume it."
"100 million shares?" Collauti said in surprise. "Then each share is only $15? Is this a little lower?"
In the United States, technology stocks listed in the United States have become a little bit humid in recent years.
For high-end technology stocks like Microsoft, stocks with huge future development potential, Goldman Sachs expects a listing price of around 20 yuan, and of course there are no 100 million shares.
"This is the second point I want to say." Yin Jun said, "Now I calculate it based on the 1.5 billion US dollars of iPo, which is actually not that appropriate."
"1.5 billion is no less! This is the highest valuation of the iPo in the history of a company listing!" Corouti hurriedly said, "For the 1.5 billion US dollars, we, Goldman Sachs, are under tremendous pressure and need to work hard to maintain the stock price and not let it fall."
Listed underwriting dealers all have to take part of the original shares of the listed company, and the reason is what Corauti said.
They are not only responsible for making these companies go public, but also maintaining the company's stock price and not letting it break the issue price as soon as it comes out. That is embarrassing.
In the next year or so, because the stocks of listed underwriters cannot be sold, their maintenance will always exist and will not be abandoned.
This is also a kind of guarantee for shareholders of listed companies.
Otherwise, who would be willing to give them so many shares based on the valuation of IPO?
If I get it to the stock market, it will definitely soar more than 50% on the first day, or even more.
After taking my stock, you should naturally shelter me from the wind and rain. This is a very normal exchange of interests.
But we must also find the object of interest exchange.
Don’t find those bragging and bragging, but they are no longer caught when they encounter problems. Watching others smash the stocks of this company but they can’t stop it. This is what makes people so angry.
Therefore, these well-known large companies have to look for giants in this field to go public.
Goldman Sachs is one.
Merrill Lynch is the same.
Bear Stearn and Lehman Brothers are the same.
Citigroup is also counted.
Big and small motorcycles are also fine.
Apart from that, the rest are not that reliable.
It’s not that super giants such as Royal Bank of Scotland, Royal Bank of the Netherlands, and Swiss Bank are not strong enough, but that they are not as good as locals in the United States.
On the other hand, these large investment banks and banks also have to choose their own partners, and not all Amacao and Dog can find them to underwrite the money.
It is obviously a bad stock that cannot be helped, and they are unwilling to touch it.
After all, I'm not as poor as that.
Therefore, some small companies that are not qualified but want to go public are not so reliable.
For both of them, it was a gambling or a huge speculation.
The stock market is risky, and it is always the stocks of this type of company.
Klaudi said it very well, but Yin Jun would not believe it all.
Even though Yin Jun and Korati are good friends, he knows deeply what kind of monster Goldman Sachs is.
There will be no warmth in Goldman Sachs' business. If you believe in Klaudi, Kirin Group will become a delicious meal for financial tycoons.
"Now, 1.5 billion is just at the current stage. Has it joined the offer we just talked about?" Yin Jun didn't say much and asked Coruti directly.
Collauti was speechless.
Just now, he followed the discussion on the value of office, but unexpectedly he turned to the valuation negotiation side in a blink of an eye.
"As we said before, Offie will reach a sales target of US$5 billion by the end of December next year... Such gross profit will be as high as US$2.5 billion!" Yin Jun said, "If investors know that there is such a big benefit, why don't they win more Microsoft's stocks? In this case, do you think US$1.5 billion is still appropriate?"
"That's just an undecided future." Collauti quickly argued, "Besides, it will be launched in May and June next year, and I can't see it at this time!"
"Don't you believe I can do it?" Yin Jun said leisurely.
"This is not..."
"Then you take this into consideration." Yin Jun said seriously, "Only with the most reasonable valuation can Microsoft go public, otherwise this will waste the hard work of hundreds of us! We don't seek to get rich in one go, but if we underestimate our wisdom and labor results, it is absolutely not allowed!"
"right!"
Bill Gates responded with a smile.
Just now, Yin Jun and Korati came to squeeze him together, but now he and Yin Jun can run Korati.
This identity is really cool!
Chapter completed!